Seller's Inability to Perform. In the event that Seller is unable to perform under this Contract (1) by reason of its inability to obtain building permits, certificates of occupancy, or other governmental approvals upon terms acceptable to Seller in Seller’s sole discretion, (2) in the event that the Residence cannot reasonably be constructed in conformity with governmental or engineering requirements, or (3) by reason of any other fact, condition or circumstance outside the reasonable control of Seller, in said event, Seller shall be entitled to terminate this Contract by providing Buyer seven (7) days written notice, in which event the Buyer Xxxxxxx Money Deposit and Option Deposit shall be returned to Buyer without interest, and both parties shall be discharged from all duties and performance hereunder.
Appears in 5 contracts
Samples: Purchase and Sales Contract, Purchase and Sales Contract, Purchase and Sales Contract
Seller's Inability to Perform. In the event that Seller is unable to perform under this Contract (1) by reason of its inability to obtain building permits, certificates of occupancy, or other governmental approvals upon terms acceptable to Seller in Seller’s sole discretion, (2) in the event that the Residence cannot reasonably be constructed in conformity with governmental or engineering requirements, or (3) by reason of any other fact, condition or circumstance outside the reasonable control of Seller, in said event, Seller shall be entitled to terminate this Contract by providing Buyer seven (7) calendar days written notice, in which event the Buyer Xxxxxxx Money Deposit and Option Deposit shall be returned to Buyer without interest, and both parties shall be discharged from all duties and performance hereunder.
Appears in 3 contracts
Samples: Purchase and Sales Contract, Purchase and Sales Contract, Purchase and Sales Contract
