Purchase Default. In the event Buyer defaults after exercising the Option to Purchase, Buyer shall forfeit ( ☐ the Deposit and) the credit, if any, Buyer would have received if Buyer closed on the Premises to Seller as liquidated damages, which shall be the sole and exclusive remedy available to Seller. In the event Seller defaults after Buyer has exercised the Option to Purchase, (☐ the Deposit and) the credit, if any, Buyer would have received if Buyer closed on the Premises shall be refunded to Buyer, and Buyer may sue for all remedies available at law or in equity.
Purchase Default. If, on the Remarketing Settlement Date, the Secondary Purchaser fails to purchase the liquidation amount of Preferred Securities or principal amount of Subordinated Notes, as the case may be, such failure shall constitute either a Renewed Remarketing or a Failed Remarketing, as determined in accordance with Section 7 of the Remarketing Agreement.
Purchase Default. If, on the Remarketing Settlement Date, the Secondary Purchaser fails to purchase the liquidation amount of Preferred Securities or principal amount of Subordinated Notes, as the case may be, such failure shall constitute either a Renewed Remarketing or a Failed Remarketing, as determined in accordance with Section 7 of the Remarketing Agreement.
