Common use of Agreement Not to be Recorded Clause in Contracts

Agreement Not to be Recorded. If the BUYER shall record this Agreement, the BUYER shall be deemed to be in defau obligations under this Agreement shall terminate and SELLER shall be entitled to retain the deposit and the interest earned thereon.

Agreement Not to be Recorded. If the BUYER shall record this Agreement, the BUYER shall be deemed to be in defau default under this Agreement, the SELLER’s obligations under this Agreement shall terminate and SELLER shall be entitled to retain the deposit and the interest earned thereon.