Termination Default and Remedies. 12.1 If this Agreement is terminated because of a failure of one or more of the covenants, conditions or agreements contained in this Agreement, or because of any specific right of Purchaser to terminate this Agreement, including without limitation those termination rights contained in Article IV, Article V, Article VII, Article VIII, Article IX or Article XIII hereof (hereinafter referred to as a "PERMITTED Termination"), the Xxxxxxx Money, and all accrued interest thereon, shall be immediately returned to Purchaser, whereupon neither party shall have any further rights or obligations hereunder.
Appears in 5 contracts
Samples: Agreement of Sale and Purchase (American Campus Communities Inc), Agreement of Sale and Purchase (American Campus Communities Inc), Agreement of Sale and Purchase (American Campus Communities Inc)
