Upgrade Options. If and to the extent Purchaser has selected any optional upgrades to the Home offered by Seller (“Upgrade Options”), as evidenced by an addendum (an “Upgrade Option Addendum”) attached to this Agreement, then Purchaser must deliver to Seller, in cash or other immediately available funds, an amount equal to the full cost of the Upgrade Options selected by Purchaser (the “Upgrade Payment”). Once paid, the Upgrade Payment shall be immediately nonrefundable except in the event of a Seller default hereunder. If an Upgrade Option Addendum is not attached to this Agreement, Purchaser will be deemed to have waived its right to select any Upgrade Options.
Appears in 3 contracts
Sources: Town Home Purchase and Sale Agreement, Town Home Purchase and Sale Agreement, Town Home Purchase and Sale Agreement