3Termination. In the event of Developer's Termination, the Developer shall be entitled to retain 10% of the Price as pre- determined damages and refund the balance without any interest to the Purchaser, after deducting any other amount payable by the Purchaser by way of interest or otherwise but only after the Composite Unit has been sold to a third party and the amount to be paid to the Purchaser has been received from such third party provided however if the Composite Unit is not sold within 6 (six) months from the date of Developer's Termination, the Developer shall any way pay the amount refundable to the Purchaser.
Appears in 2 contracts
Sources: Agreement for Sale, Agreement for Sale