Common use of Seller Default Clause in Contracts

Seller Default. If Seller defaults, Buyer may elect one of the following remedies: (a) cancel the REPC, and in addition to the return of the ▇▇▇▇▇▇▇ Money Deposit, or Deposits, if applicable, Buyer may elect to accept from Seller, as liquidated damages, a sum equal to the ▇▇▇▇▇▇▇ Money Deposit, or Deposits, if applicable; or (b) maintain the ▇▇▇▇▇▇▇ Money Deposit, or Deposits, if applicable, in trust and ▇▇▇ Seller to specifically enforce the REPC; or (c) accept a return of the ▇▇▇▇▇▇▇ Money Deposit, or Deposits, if applicable, and pursue any other remedies available at law. If Buyer elects to accept liquidated damages, Seller agrees to pay the liquidated damages to Buyer upon demand.

Seller Default. If Seller defaults, Buyer may elect one of the following remedies: (a) cancel the REPC, and in addition to the return of the ▇▇▇▇▇▇▇ Money Deposit, or Deposits, if applicable, Buyer may elect to accept from Seller, as liquidated damages, a sum equal to the ▇▇▇▇▇▇▇ Money Deposit, or Deposits, if applicable; or (b) maintain the ▇▇▇▇▇▇▇ Money Deposit, or Deposits, if applicable, in trust and ▇▇▇ sue Seller to specifically enforce the REPC; or (c) accept a return of the ▇▇▇▇▇▇▇ Money Deposit, or Deposits, if applicable, and pursue any other remedies available at law. If Buyer elects to accept liquidated damages, Seller ▇▇▇▇▇▇ agrees to pay the liquidated damages to Buyer upon demand.