Post Closing Default. In the event that after Closing a party ("Defaulting Party") breaches an obligation hereunder which is expressly stated herein to survive Closing, the Defaulting Party shall be liable to the other party ("Non-Defaulting Party") for the damages incurred by the Non-Defaulting Party as a result of such breach.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Ilx Resorts Inc), Purchase and Sale Agreement (Ilx Resorts Inc)