Due Diligence Fee definition
Examples of Due Diligence Fee in a sentence
If the Property is not in substantially the same or better condition at Closing as on the date of this offer, reasonable wear and tear excepted, Buyer may terminate this Contract by written notice delivered to Seller and the Due Diligence Fee and ▇▇▇▇▇▇▇ Money Deposit shall be refunded to Buyer.
Unless otherwise agreed, if Seller does not cure the violation(s) prior to Closing, then ▇▇▇▇▇ may choose to accept the violation(s) and proceed to Settlement/Closing or terminate this Contract and receive a refund of the ▇▇▇▇▇▇▇ Money Deposit and the Due Diligence Fee.
See paragraph 23 for a party’s right to attorneys’ fees incurred in collecting the ▇▇▇▇▇▇▇ Money Deposit or Due Diligence Fee.
If legal proceedings are brought by ▇▇▇▇▇ or Seller against the other to collect the ▇▇▇▇▇▇▇ Money Deposit, Due Diligence Fee, or Due Diligence Costs, the parties agree that a party shall be entitled to recover reasonable attorneys’ fees to the extent permitted under N.C. Gen.
The payment of any ▇▇▇▇▇▇▇ Money Deposit and any Due Diligence Fee to Seller (without regard to their respective amounts, including zero) together shall serve as liquidated damages (“Liquidated Damages”) and as Seller’s sole and exclusive remedy for such breach, provided that such Liquidated Damages shall not limit Seller’s rights under Paragraphs 4(e) and 4(f) for damage to the Property as well as Seller’s rights under paragraph 6(a) for dishonored funds.