Common use of Seller’s Remedy Clause in Contracts

Seller’s Remedy. If Buyer fails to complete the acquisition of the Properties by reason of any default by Buyer, Seller shall be released from any further obligations and shall be entitled to the following: INSOFAR AS IT WOULD BE EXTREMELY IMPRACTICABLE AND DIFFICULT TO ESTIMATE THE DAMAGE AND HARM WHICH SELLER WOULD SUFFER IN THE EVENT BUYER DEFAULTS AND FAILS TO COMPLETE THE SALE OR ACQUISITION OF THE PROPERTIES, AND INSOFAR AS A REASONABLE ESTIMATE OF THE TOTAL NET DETRIMENT THAT SELLER WOULD SUFFER IN THE EVENT OF BUYER’S DEFAULT AND FAILURE TO DULY COMPLETE THE SALE OR ACQUISITION OF THE PROPERTIES IS THE SUM OF TWO MILLION DOLLARS ($2,000,000). SELLER SHALL BE ENTITLED TO THE SUM OF TWO MILLION DOLLARS ($2,000,000) AS AND FOR SELLER’S SOLE REMEDY FOR DAMAGES ARISING FROM BUYER’S FAILURE TO COMPLETE THE SALE OR ACQUISITION OF THE PROPERTIES IN ACCORDANCE WITH THE TERMS OF THIS AGREEMENT. BY PLACING THEIR INITIALS BELOW, THE PARTIES ARE CONFIRMING THE ACCURACY OF THE STATEMENTS SET FORTH ABOVE.

Seller’s Remedy. If Buyer fails to complete the acquisition of the Properties Property by reason of any default by Buyer, Seller shall be released from any further obligations and shall be entitled to the following: INSOFAR AS IT WOULD BE EXTREMELY IMPRACTICABLE AND DIFFICULT TO ESTIMATE THE DAMAGE AND HARM WHICH SELLER WOULD SUFFER IN THE EVENT BUYER DEFAULTS AND FAILS TO COMPLETE THE COMPLETETHE SALE OR ACQUISITION OF THE PROPERTIESTREPROPERTY, AND INSOFAR ANDINSOFAR AS A REASONABLE ESTIMATE OF ESTIMATEOF THE TOTAL NET TOTALNET DETRIMENT THAT SELLER WOULD SUFFER IN THE EVENT OF BUYER’S 'S DEFAULT AND FAILURE TO DULY COMPLETE THE SALE OR ACQUISITION OF THE PROPERTIES PROPERTY IS THE SUM OF TWO MILLION TEN THOUSAND DOLLARS ($2,000,00010,000). , SELLER SHALL BE ENTITLED TO THE SUM OF TWO MILLION TEN THOUSAND DOLLARS ($2,000,00010,000) AS AND FOR SELLER’S 'S SOLE REMEDY FOR DAMAGES ARISING FROM BUYER’S 'S FAILURE TO COMPLETE THE SALE OR ACQUISITION OF THE PROPERTIES PROPERTY IN ACCORDANCE WITH THE TERMS OF THIS AGREEMENT. BY PLACING THEIR TREIR INITIALS BELOW, THE PARTIES ARE CONFIRMING THE ACCURACY OF THE STATEMENTS SET FORTH ABOVE.. BUYER-INITIALS SELLER-INITIALS

Seller’s Remedy. If Buyer fails to complete the acquisition of the Properties Property by reason of any default by Buyer, Seller shall be released from any further obligations and shall be entitled to the following: INSOFAR AS IT WOULD BE EXTREMELY IMPRACTICABLE AND DIFFICULT TO ESTIMATE THE DAMAGE AND HARM WHICH SELLER WOULD SUFFER IN THE EVENT BUYER DEFAULTS AND FAILS TO COMPLETE THE SALE OR ACQUISITION OF THE PROPERTIESPROPERTY, AND INSOFAR AS A REASONABLE ESTIMATE OF THE TOTAL NET DETRIMENT THAT SELLER WOULD SUFFER IN THE EVENT OF BUYER’S 'S DEFAULT AND FAILURE TO DULY COMPLETE THE SALE OR ACQUISITION OF THE PROPERTIES PROPERTY IS THE SUM OF TWO MILLION TEN THOUSAND DOLLARS ($2,000,00010,000). , SELLER SHALL BE ENTITLED TO THE SUM OF TWO MILLION TEN THOUSAND DOLLARS ($2,000,00010,000) AS AND FOR SELLER’S 'S SOLE REMEDY FOR DAMAGES ARISING FROM BUYER’S 'S FAILURE TO COMPLETE THE SALE OR ACQUISITION OF THE PROPERTIES PROPERTY IN ACCORDANCE WITH THE TERMS OF THIS AGREEMENT. BY PLACING THEIR INITIALS BELOW, THE PARTIES ARE CONFIRMING THE ACCURACY OF THE STATEMENTS SET FORTH ABOVE.. BUYER-Initials SELLER-Initials

Seller’s Remedy. If Buyer fails to complete the acquisition of the Properties by reason of any default by Buyer, Seller shall be released from any further obligations and shall be entitled to the following: INSOFAR AS IT WOULD BE EXTREMELY IMPRACTICABLE AND DIFFICULT TO ESTIMATE THE DAMAGE AND HARM WHICH SELLER WOULD SUFFER IN THE EVENT BUYER DEFAULTS AND FAILS TO COMPLETE THE SALE OR ACQUISITION OF THE PROPERTIES, AND INSOFAR AS A REASONABLE ESTIMATE OF THE TOTAL NET DETRIMENT THAT SELLER WOULD SUFFER IN THE EVENT OF BUYER’S DEFAULT AND FAILURE TO DULY COMPLETE THE SALE OR ACQUISITION OF THE PROPERTIES IS THE SUM OF TWO MILLION TEN THOUSAND DOLLARS ($2,000,00010,000). , SELLER SHALL BE ENTITLED TO THE SUM OF TWO MILLION TEN THOUSAND DOLLARS ($2,000,00010,000) AS AND FOR SELLER’S SOLE REMEDY FOR DAMAGES ARISING FROM BUYER’S FAILURE TO COMPLETE THE SALE OR ACQUISITION OF THE PROPERTIES IN ACCORDANCE WITH THE TERMS OF THIS AGREEMENT. BY PLACING THEIR INITIALS BELOW, THE PARTIES ARE CONFIRMING THE ACCURACY OF THE STATEMENTS SET FORTH ABOVE.