Total Deposit definition
Examples of Total Deposit in a sentence
Seller’s right to retain the Total Deposit as liquidated damages as specified in the preceding sentence shall be the sole remedy available to Seller in the event of any default by Buyer hereunder.
If Seller complies with all of its obligations under this Agreement, and at the time of Closing Buyer is in default in the observance or performance of its obligations hereunder, then Buyer agrees Seller shall have the right to retain the Total Deposit as liquidated damages and this Agreement shall terminate and be null and void.
If Buyer cancels this Agreement, Seller hereby instructs ▇▇▇▇▇▇▇ to pay to Buyer the entire amount of the Total Deposit held by ▇▇▇▇▇▇▇, and this Agreement shall be void, and Seller shall not be liable for any other claim.
If the Property, or any material part thereof, is taken by eminent domain prior to Closing, Buyer may cancel this Agreement by giving notice to Seller, in which case the Total Deposit shall be returned to Buyer, and the parties shall have no further obligations hereunder.
Notwithstanding anything to the contrary contained in this Agreement, the Collateral consisting of real property shall secure only the obligations of HOKU to refund any portion of the Total Deposit to SOLARFUN in accordance with the terms of this Agreement.