Common use of UNDERSTOOD AND AGREED BY AND BETWEEN THE PARTIES Clause in Contracts

UNDERSTOOD AND AGREED BY AND BETWEEN THE PARTIES. HERETO THAT SELLER SHALL NET NO LESS THAN $1.00 FROM THE CLOSING OF THIS TRANSACTION OR THIS CONTRACT MAY BE VOIDED AT SELLER’S SOLE DISCRETION, WITH PURCHASER RECEIVING REFUND OF ALL DEPOSIT MONIES THEREBY RELEASING BOTH PARTIES FROM THE AGREEMENT.

Appears in 5 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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