Common use of Seller’s Damages Clause in Contracts

Seller’s Damages. If the Closing fails to occur by reason of a breach or default of this Agreement by Buyer, then Seller may terminate this Agreement as of the Effective Termination Date as provided in Section 7.2 above, in which case Buyer shall be Liable for the cancellation and other charges and expenses as provided for in Section 6.6.5 and the Master Purchase Agreement shall govern the disbursement of the Xxxxxxx Money Deposit as provided therein.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (Emeritus Corp\wa\), Purchase and Sale Agreement (Emeritus Corp\wa\), Purchase and Sale Agreement (Emeritus Corp\wa\)

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Seller’s Damages. If the Closing fails to occur by reason of a breach or default of this Agreement by Buyer, then Seller Sellers may terminate this Agreement as of the Effective Termination Date as provided in Section 7.2 above, in which case Buyer shall be Liable for the cancellation and other charges and expenses as provided for in Section 6.6.5 and the Master Purchase Agreement shall govern the disbursement of the Xxxxxxx Money Deposit as provided therein.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Emeritus Corp\wa\)

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