Non-Refundable Payments definition
Examples of Non-Refundable Payments in a sentence
As a reasonable estimate of Seller’s fair compensation for any damages resulting from such default, the Parties agree that the sums paid by the Buyer hereunder as the ▇▇▇▇▇▇▇ Money Deposit and Non-Refundable Payments shall be forfeited by Buyer to Seller and belong to Seller as liquidated damages and shall be Seller’s only remedy.
In the event said Proof of Funds is unsatisfactory to Seller, Seller shall have the right to cancel this Contract and, in that instance, return the ▇▇▇▇▇▇▇ Money Deposit and any Non-Refundable Payment(s) to Buyer.
As a reasonable estimate of Seller’s fair compensation for any damages resulting from such default, the parties agree that the sums paid by the Buyer hereunder as Non-Refundable Payments shall be forfeited by Buyer to Seller and belong to Seller as liquidated damages and, except in the event of fraud by Seller, shall be Seller’s only remedy.
As a reasonable estimate of ▇▇▇▇▇▇’s fair compensation for any damages resulting from such default, the parties agree that the sums paid by the Buyer hereunder as Non-Refundable Payments shall be forfeited by Buyer to Seller and belong to Seller as liquidated damages and, except in the event of fraud by Seller, shall be Seller’s only remedy.
As a reasonable estimate of ▇▇▇▇▇▇’s fair compensation for any damages resulting from such default, the parties agree that the sums paid by the Buyer hereunder as Non-Refundable Payments shall be forfeited by Buyer to Seller and belong to Seller as liquidated damages and, except in the event of fraud by ▇▇▇▇▇▇, shall be Seller’s only remedy.
As a reasonable estimate of ▇▇▇▇▇▇’▇ fair compensation for any damages resulting from such default, the parties agree that the sums paid by the Buyer hereunder as Non-Refundable Payments shall be forfeited by Buyer to ▇▇▇▇▇▇ and belong to ▇▇▇▇▇▇ as liquidated damages and, except in the event of fraud by ▇▇▇▇▇▇, shall be ▇▇▇▇▇▇’▇ only remedy.
Non-Refundable Payments shall have the meaning ascribed to such term in the definition of Acquisition Expenses.
The Sellers and the Companies acknowledge and agree that the liability of both the Purchaser and Citadel for the failure of either or both of them to consummate the transactions contemplated pursuant to this Agreement shall be limited to the Escrow Deposit, as set forth in Section 13.1, and the Non-Refundable Payments.
Each of the above-described payments (collectively, the "Non-Refundable Payments") will be fully earned by the Sellers as of, in the case of the first payment, when the Sellers execute and deliver this Agreement, in the case of the second payment, when the Sellers execute and submit the FCC Application, and in the case of the third payment, when the Sellers execute and submit the filings required of them pursuant to the HSR Act.
Date Changes: At the election of Grandview Non-Refundable Payments may be transferable up to two (2) times, based on availability.