Seller’s Default. If the sale and purchase of the Property contemplated by this Agreement is not consummated on account of Seller’s default or failure to perform hereunder, Buyer may, at Buyer’s option and as its sole remedy, elect to either: (i) specifically enforce the terms hereof; or (ii) demand and be entitled to an immediate refund of the Escrow Money, in which case this Agreement shall terminate in full.
Appears in 152 contracts
Samples: Real Estate Purchase and Sell Agreement, Commercial Real Estate Purchase Agreement, Commercial Real Estate Purchase Agreement
Seller’s Default. If the sale and purchase of the Property contemplated by this Agreement is not consummated on account of Seller’s default or failure to perform hereunderhereun- der, Buyer may, at Buyer’s option and as its sole remedy, elect to either: (i) specifically enforce en- force the terms hereof; or (ii) demand and be entitled to an immediate refund of the Escrow Money, in which case this Agreement shall terminate in full.
Appears in 2 contracts
Samples: Commercial Real Estate Purchase Agreement, Real Estate Purchase and Sell Agreement
Seller’s Default. If the sale and purchase of the Property contemplated by this Agreement is not consummated on account of the Seller’s default or failure to perform hereunder, the Buyer may, at the Buyer’s option and as its sole remedy, elect to either: (i) specifically enforce the terms hereof; or (ii) demand and be entitled to an immediate refund of the Escrow Money, in which case this Agreement shall terminate in full.
Appears in 2 contracts
Samples: Commercial Real Estate Purchase Agreement, Commercial Real Estate Purchase Agreement
Seller’s Default. If the sale and purchase of the Property contemplated by this Agreement is not consummated on account of Seller’s default or failure to perform hereunder, Buyer Purchaser may, at BuyerPurchaser’s option and as its sole remedy, elect to either: (i) specifically enforce the terms hereof; or (ii) demand and be entitled to an immediate refund of the Escrow MoneyDeposit, in which case this Agreement shall terminate in full, except for any provisions which by their terms, are intended to survive termination.
Appears in 2 contracts
Samples: Real Property Auction Purchase Agreement, Real Property Auction Purchase Agreement
Seller’s Default. If the sale and purchase of the Property contemplated by this Agreement is not consummated on account of Seller’s 's default or failure to perform hereunder, Buyer Purchaser may, at Buyer’s Purchaser's option and as its sole remedy, elect to either: (i) specifically enforce the terms hereof; or (ii) remedy demand and be entitled to an immediate refund of the Escrow MoneyDeposit, in which case this Agreement shall terminate in full.
Appears in 1 contract
Samples: Commercial Purchase Agreement
