Common use of BREACH BY PURCHASER Clause in Contracts

BREACH BY PURCHASER. If Purchaser breaches this Agreement, Seller shall be entitled to the Earnxxx Xxxey together with all interest accrued thereon, if any, as liquidated damages (and not as a penalty) and as Seller's sole remedy and relief hereunder. Seller and Purchaser have made this provision for liquidated damages because it would be difficult to calculate on the date hereof the amount of actual damages for such breach, and these sums represent reasonable compensation to Seller for such breach.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Summit Bank Corp)

AutoNDA by SimpleDocs

BREACH BY PURCHASER. If Purchaser breaches this Agreement, Seller shall may, as Seller's sole remedy and relief hereunder, terminate this Agreement and thereupon be entitled to receive the Earnxxx Xxxey together with all interest accrued thereon, if any, Xxxxxxx Money as liquidated damages (and not as a penalty) and as Seller's sole remedy and relief hereunder). Seller and Purchaser have made this the above provision for liquidated damages because it would be difficult to calculate calculate, on the date hereof hereof, the amount of actual damages for such breach, and that these sums represent reasonable compensation to Seller for such breach.

Appears in 1 contract

Samples: Purchase and Sale Agreement

BREACH BY PURCHASER. If Purchaser breaches this Agreement, Seller shall may, as Xxxxxx's sole remedy and relief hereunder, terminate this Agreement and thereupon be entitled to receive the Earnxxx Xxxey together with all interest accrued thereon, if any, Xxxxxxx Money as liquidated damages (and not as a penalty) and as Seller's sole remedy and relief hereunder). Seller and Purchaser have made this the above provision for liquidated damages because it would be difficult to calculate calculate, on the date hereof hereof, the amount of actual damages for such breach, and that these sums represent reasonable compensation to Seller for such breach.

Appears in 1 contract

Samples: Purchase and Sale Agreement

BREACH BY PURCHASER. If Purchaser breaches this Agreement, Seller shall may, as Seller's sole remedy and relief hereunder, either (a) terminate this Agreement and thereupon be entitled to receive the Earnxxx Xxxey together with all interest accrued thereon, if any, as liquidated damages (and not as a penalty), or (b) and as Seller's sole remedy and relief hereunderenforce specific performance of this Agreement. Seller and Purchaser have made this the above provision for liquidated damages because it would be difficult to calculate calculate, on the date hereof hereof, the amount of actual damages for such breach, and that these sums represent reasonable compensation to Seller for such breach.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Citizens Bancshares of Southwest Florida Inc)

AutoNDA by SimpleDocs

BREACH BY PURCHASER. If Purchaser breaches this Agreement, Seller shall may, as Seller's sole remedy and relief hereunder, either (a) terminate this Agreement and thereupon be entitled to the Earnxxx Xxxey and the Option Money together with all interest accrued thereon, if any, as liquidated damages (and not as a penalty) and as Seller's sole remedy and relief hereunderor (b) enforce specific performance of this Agreement. Seller and Purchaser have made this provision for liquidated damages because it would be difficult to calculate on the date hereof the amount of actual damages for such breach, and these sums represent reasonable compensation to Seller for such breach.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Peoples Community Capital Corp)

BREACH BY PURCHASER. If Purchaser breaches this Agreement, Seller shall may, as Seller's sole remedy and relief hereunder, either (a) terminate this Agreement and thereupon be entitled to receive the Earnxxx Xxxey together with all interest accrued thereon, if any, as liquidated damages (and not as a penalty), or (b) and as Seller's sole remedy and relief hereunderenforce specific performance of this Agreement. Seller and Purchaser have made this the above provision for liquidated damages because it would be difficult to calculate calculate, on the date hereof hereof, the amount of actual damages for such breach, breach and that these sums represent reasonable compensation to Seller for such breach.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Southern Community Bancorp)

Time is Money Join Law Insider Premium to draft better contracts faster.