Common use of UPON BREACH BY BUYER Clause in Contracts

UPON BREACH BY BUYER. If, after the Seller has performed Seller’s obligation under this Contract, and if, within five (5) days after the date specified for Closing under Paragraph 3, the Buyer fails to provide funding, or to perform any other obligations of the Buyer under this Contract, then the Seller may, at Seller’s option, cancel and terminate this Contract and retain all sums paid by the Buyer, but not to exceed 5% of the purchase price as liquidated damages, or pursue any other remedy available at law or in equity, including specific performance.

UPON BREACH BY BUYER. If, after the Seller has performed Seller’s obligation under this Contract, and if, within five (5) days after the date specified for Closing under Paragraph Provision 3, the Buyer fails to provide funding, or to perform any other obligations of the Buyer under this Contract, then the Seller may, at Seller’s option, cancel and terminate this Contract and retain all sums paid by the Buyer, but not to exceed 5% of the purchase price as liquidated damages, or pursue any other remedy available at law or in equity, including specific performance.

UPON BREACH BY BUYER. If, after the Seller has performed Seller’s obligation under this Contract, and if, within five (5) days after the date specified for Closing under Paragraph 33 of the Contract, the Buyer fails to provide funding, or to perform any other obligations of the Buyer under this Contract, then the Seller may, at Seller’s option, cancel and terminate this Contract and retain all sums paid by the Buyer, but not to exceed 5% of the purchase price price, as liquidated damages, or pursue any other remedy available at law or in equity, including specific performance.