Common use of Default by Buyer Clause in Contracts

Default by Buyer. Should Buyer fail to close as provided in this Agreement, Buyer will be in default. Upon default by ▇▇▇▇▇, ▇▇▇▇▇▇’s and ▇▇▇▇▇▇’▇ liability hereunder to Buyer shall absolutely cease, and ▇▇▇▇▇▇’▇ shall be entitled to retain the Buyer’s Deposit. If ▇▇▇▇▇ has not paid the Buyer’s Deposit in full or if ▇▇▇▇▇▇’▇ has incurred any expenses due to default by Buyer, and Buyer has made payment(s) to Seller, then, upon notice from ▇▇▇▇▇▇’▇ to the Seller, any payment(s) by Buyer to Seller (“Payments to Seller”) shall be remitted to ▇▇▇▇▇▇’▇ by the Seller and shall be subject to use as reimbursement to ▇▇▇▇▇▇’▇ for any expenses incurred by ▇▇▇▇▇▇’▇ due to default of Buyer. The Buyer’s Deposit and the Payment to Seller shall be apportioned to ▇▇▇▇▇▇’▇ and Seller in the following manner: ▇▇▇▇▇▇’▇ will retain the amount it would have received as the Buyer’s Premium at settlement plus compensation for any expenses it incurred due to default by ▇▇▇▇▇, and ▇▇▇▇▇▇ will retain the remainder. Additionally, ▇▇▇▇▇▇’▇ may resort to any other action or remedy in law or equity that may be available.

Default by Buyer. Should Buyer fail to close as provided in this Agreement, Buyer will be in default. Upon default by ▇▇▇▇▇, ▇▇▇▇▇▇’s and ▇▇▇▇▇▇’▇ liability hereunder to Buyer shall absolutely cease, and ▇▇▇▇▇▇’▇ shall be entitled to retain the Buyer’s Deposit. If ▇▇▇▇▇ Buyer has not paid the Buyer’s Deposit in full or if ▇▇▇▇▇▇’▇ has incurred any expenses due to default by Buyer, and Buyer has made payment(s) to Seller, then, upon notice from ▇▇▇▇▇▇’▇ to the Seller, any payment(s) by Buyer to Seller (“Payments to Seller”) shall be remitted to ▇▇▇▇▇▇’▇ Motley’s by the Seller and shall be subject to use as reimbursement to ▇▇▇▇▇▇’▇ for any expenses incurred by ▇▇▇▇▇▇’▇ due to default of Buyer. The Buyer’s Deposit and the Payment to Seller shall be apportioned to ▇▇▇▇▇▇’▇ and Seller in the following manner: ▇▇▇▇▇▇’▇ will retain the amount it would have received as the Buyer’s Premium at settlement plus compensation for any expenses it incurred due to default by ▇▇▇▇▇Buyer, and ▇▇▇▇▇▇ Seller will retain the remainder. Additionally, ▇▇▇▇▇▇’▇ may resort to any other action or remedy in law or equity that may be available.

Default by Buyer. Should Buyer fail to close as provided in this Agreement, Buyer will be in default. Upon default by ▇▇▇▇▇, ▇▇▇▇▇▇’s and ▇▇▇▇▇▇’▇ liability hereunder to Buyer shall absolutely cease, and ▇▇▇▇▇▇’▇ shall be entitled to retain the Buyer’s Deposit. If ▇▇▇▇▇ Buyer has not paid the Buyer’s Deposit in full or if ▇▇▇▇▇▇’▇ has incurred any expenses due to default by Buyer, and Buyer has made payment(s) to Seller, then, upon notice from ▇▇▇▇▇▇’▇ to the Seller, any payment(s) by Buyer to Seller (“Payments to Seller”) shall be remitted to ▇▇▇▇▇▇’▇ Motley’s by the Seller and shall be subject to use as reimbursement to ▇▇▇▇▇▇’▇ for any expenses incurred by ▇▇▇▇▇▇’▇ due to default of Buyer. The Buyer’s Deposit and the Payment to Seller shall be apportioned to ▇▇▇▇▇▇’▇ and Seller in the following manner: ▇▇▇▇▇▇’▇ will retain the amount it would have received as the Buyer’s Premium at settlement plus compensation for any expenses it incurred due to default by ▇▇▇▇▇, and ▇▇▇▇▇▇ Seller will retain the remainder. Additionally, ▇▇▇▇▇▇’▇ may resort to any other action or remedy in law or equity that may be available.

Default by Buyer. Should Buyer fail to close as provided in this Agreement, Buyer will be in default. Upon default by ▇▇▇▇▇, ▇▇▇▇▇▇’s ’s, and ▇▇▇▇▇▇’▇ liability hereunder to Buyer shall absolutely cease, and ▇▇▇▇▇▇’▇ shall be entitled to retain the Buyer’s Deposit. If ▇▇▇▇▇ Buyer has not paid the Buyer’s Deposit in full or if ▇▇▇▇▇▇’▇ has incurred any expenses due to default by Buyer, and Buyer has made payment(s) to Seller, then, upon notice from ▇▇▇▇▇▇’▇ to the Seller, any payment(s) by Buyer to Seller (“Payments to Seller”) shall be remitted to ▇▇▇▇▇▇’▇ Motley’s by the Seller and shall be subject to use as reimbursement to ▇▇▇▇▇▇’▇ for any expenses incurred by ▇▇▇▇▇▇’▇ due to default of Buyer. The Buyer’s Deposit and the Payment to Seller shall be apportioned to ▇▇▇▇▇▇’▇ and Seller in the following manner: ▇▇▇▇▇▇’▇ will retain the amount it would have received as the Buyer’s Premium at settlement plus compensation for any expenses it incurred due to default by ▇▇▇▇▇Buyer, and ▇▇▇▇▇▇ Seller will retain the remainder. Additionally, ▇▇▇▇▇▇’▇ may resort to any other action or remedy in law or equity that may be available.