BREACH OF CONTRACT BY PURCHASER Sample Clauses

BREACH OF CONTRACT BY PURCHASER. If this Contract is breached by Purchaser or if Purchaser fails for any reason to complete his 68. purchase of Property in accordance with the terms set for the herein, Seller shall have the right to elect to declare this Contract null and void; and
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BREACH OF CONTRACT BY PURCHASER. If the Purchaser defaults in the performance of any of its obligations hereunder and Closing fails to occur by reason thereof, the Deposit shall be forfeited to the Seller and XxXxxxxx Auction Company, LLC.
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BREACH OF CONTRACT BY PURCHASER. If this agreement is breached by Purchaser or if Purchaser fails for any reason to complete his purchase of this Property in accordance with the terms set forth herein, Seller shall have the right to elect to declare this Contract null and void, and upon such election, the Xxxxxxx Money shall be retained by and divided equally between Seller and real estate brokers as liquidated damages and brokerage respectively, but in no event shall the real estate brokers' share exceed the broker's commission as specified in the listing agreement. The right given Seller to make the above election shall not be Seller's exclusive remedy, as he shall have the right to elect to affirm this Contract and enforce its specific performance or recover full damages for its breach. Seller's retention of such Xxxxxxx Money shall not be evidence of an election to declare this Contract null and void, as Seller shall have the right to retain his portion of Xxxxxxx Money to be credited against damages actually sustained. In addition to any other remedies available against Purchaser by any party to the Contract because of Purchaser's failure to close for any reasons other than those permitted by this Contract, Purchaser shall be obligated to pay the brokerage provided for in the listing agreement, of which the real estate broker's share of retained Xxxxxxx Money is a part.
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Related to BREACH OF CONTRACT BY PURCHASER

  • Breach of Contract The failure of the Contractor to comply with any of the provisions, covenants or conditions of this Contract shall be a material breach of this Contract. In such event the County may, and in addition to any other remedies available at law, in equity, or otherwise specified in this Contract:

  • NO BREACH OF CONTRACT The Executive hereby represents to the Company that: (i) the execution and delivery of this Agreement by the Executive and the performance by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement or policy to which the Executive is a party or otherwise bound, except for agreements entered into by and between the Executive and any member of the Group pursuant to applicable law, if any; (ii) that the Executive has no information (including, without limitation, confidential information and trade secrets) relating to any other person or entity which would prevent, or be violated by, the Executive entering into this Agreement or carrying out his duties hereunder; (iii) that the Executive is not bound by any confidentiality, trade secret or similar agreement (other than this) with any other person or entity except for other member(s) of the Group, as the case may be.

  • Breach of Agreement Failure by the party to comply with or perform any agreement or obligation (other than an obligation to make any payment under this Agreement or delivery under Section 2(a)(i) or 2(e) or to give notice of a Termination Event or any agreement or obligation under Section 4(a)(i), 4(a)(iii) or 4(d)) to be complied with or performed by the party in accordance with this Agreement if such failure is not remedied on or before the thirtieth day after notice of such failure is given to the party;

  • Liabilities for Breach of Contract If any Party to this Agreement fails to, according to the provisions of this Agreement, appropriately and fully perform its obligations, such Party shall be liable for breach of contract. Any damages and costs incurred by the non-breaching Party, due to a breach of contract by the breaching Party, shall be paid by the breaching Party to the non-breaching Party.

  • Breach of Covenant The Borrower breaches any material covenant or other term or condition of the Subscription Agreement or this Note in any material respect and such breach, if subject to cure, continues for a period of ten (10) business days after written notice to the Borrower from the Holder.

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