Common use of Seller’s Remedies Prior to Closing Clause in Contracts

Seller’s Remedies Prior to Closing. In the event of Buyer’s material default, provided Seller is not then in breach of this Agreement, Seller shall have the option to terminate this Agreement and retain the Deposit as liquidated damages, pursuant to Section 2.2.5.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Electronics for Imaging Inc), Purchase and Sale Agreement (Electronics for Imaging Inc)

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Seller’s Remedies Prior to Closing. In the event of Buyer’s 's material defaultdefault11.1, provided Seller is not then in breach of this Agreement, Seller shall have the option to terminate this Agreement and retain the Deposit as liquidated damages, pursuant to Section 2.2.5.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Gilead Sciences Inc)

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