Seller’s Resale. (1) If the Seller terminates this contract and resells the Property, the Seller may recover from the Buyer as liquidated damages: (a) any deficiency in price on a resale; and (b) its expenses connected with any repossession, any failed attempt to resell, and the resale; provided the resale settles within 2 years of termination of this contract. (2) Any profit on a resale belongs to the Seller.
Appears in 59 contracts
Samples: Contract for Residential Lots in a Community Titles Scheme, Contract for Houses and Residential Land, Contract for Residential Lots in a Community Titles Scheme
Seller’s Resale. (1) 9.4.1. If the Seller terminates this contract and resells the PropertyLand, the Seller may recover from the Buyer as liquidated damagesdamages :
(a) 9.4.1.1. any deficiency in price on a resale; and
(b) 9.4.1.2. its expenses connected with any repossession, any failed attempt to resell, and the resale; provided the resale settles within 2 years of termination of this contract.
(2) 9.4.2. Any profit on a resale belongs to the Seller.
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Samples: Contract for Sale of Land, Contract for Sale of Land
Seller’s Resale. (1) If the Seller terminates this contract and resells the Property, the Seller may recover from the Buyer as liquidated damages:
(a) : any deficiency in price on a resale; and
(b) its expenses connected with any repossession, any failed attempt to resell, and the resale; provided the resale settles within 2 years of termination of this contract.
(2) Any profit on a resale belongs to the Seller.
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