Common use of Default by Vendor Clause in Contracts

Default by Vendor. If the Vendor shall, otherwise than by reason of the default of the Purchaser, fail to complete the sale of the Sale Share, to the Purchaser hereunder on the Completion Date, the Vendor shall forthwith (in addition and without prejudice to any other rights or remedies available to the Purchaser) return to the Purchaser, the deposit and all or any part of the Consideration paid by the Purchaser pursuant to Clause 3. The provisions hereof shall not preclude the Purchaser from obtaining an order for specific performance and/or damages in lieu of or in addition to the remedies provided herein.

Appears in 3 contracts

Samples: Agreement (Industries International Inc), Agreement (Kubla Khan Inc), Agreement (China Finance, Inc.)

AutoNDA by SimpleDocs

Default by Vendor. If the Vendor shall, shall otherwise than by reason of the default of the Purchaser, Purchaser fail to complete the sale of the Sale Share, to the Purchaser hereunder on the Completion Date, the Vendor shall forthwith (in addition and without prejudice to any other rights or remedies available to the Purchaser) return to the Purchaser, the deposit and all or any part of the Consideration Price paid by the Purchaser pursuant to Clause 32. The provisions hereof shall not preclude the Purchaser from obtaining an order for specific performance and/or damages in lieu of or in addition to the remedies provided herein.

Appears in 1 contract

Samples: Agreement (Qiao Xing Universal Telephone Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.