FAILURE TO COMPLETE PURCHASE Sample Clauses

FAILURE TO COMPLETE PURCHASE. If, upon tender and delivery by the Company at the closing of the stock certificates required pursuant to Section 4.1.2, above, the Recipient fails to accept delivery of and to pay for all or any part of the number of Vested Shares specified in the Exercise Notice, then the Board, in its discretion, may terminate the Recipient's right to Exercise the Option with respect to such undelivered shares and any other Option Shares not previously purchased by the Recipient.
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FAILURE TO COMPLETE PURCHASE. If I fail or refuse to complete this purchase within the time frame specified in this contract or as specified in the Uniform Commercial Code of the state in which I sign this contract, or within an agreed upon extension of time, for any reason (other than cancellation because of any increase in price), you may keep that portion of my cash deposit which will adequately compensate you for your actual, consequential and incidental damages, and all other damages, expenses, or losses which you incur because I failed to complete my purchase. If I have not given you a cash deposit or it is inadequate and I have given you a trade-in, you may sell the trade-in at public or private sale, and deducted from the money received an amount that will adequately compensate you for any all of the above mentioned damages, expenses, and losses incurred because I failed to complete this purchase. Retention of any portion of the cash deposit or the application of sale proceeds shall be in addition to, and not to the exclusion of, any other remedies you may have at law, and this contract shall not be interpreted as containing a liquidated damages provision. I understand that you shall have all the rights of a seller upon breach of contract under the Uniform Commercial Code, except the right to seek and collect "liquidated damages" under Section 2-718.
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FAILURE TO COMPLETE PURCHASE. If you fail to complete a purchase of property for which you submitted a winning bid, you agree to any and all of the following remedies: (a) you will be required to pay a fee to Public Surplus equal to the greater of $200 or 40% of the final bid price; (b) you may be required through specific performance to complete the purchase and/or you may be sued for damages; (c) your access to our Site and Services may be suspended or terminated; (d) the Seller may sell or otherwise dispose of the property and charge all losses and expenses incidental thereto to you; (e) any bid deposit will be immediately forfeited and applied against any such losses, expenses, penalties, and fees; and (f) if you refuse shipment or delivery upon arrival to the location specified, you will be responsible for the associated shipping charges.
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FAILURE TO COMPLETE PURCHASE. If I failure refuse to complete this purchase within the time frame specified by the agreed upon terms of this contract or as specified in the Uniform Commercial Code of the state of your jurisdiction or within an agreed upon extension of time, for any reason (other than cancellation because of an increase in price), you may keep that portion of 'my cash deposit which will reimburse you for expenses and other losses because I failed to complet e my purchase. If Ihave given youa trade-in, you may sell the trade-in, at public or private sale and deduct from the money received an amount equal to the expenses and losses you have incurred because I failed to complete this purchase Iunderstand you shall have all the rights of a seller upon breach of contract, under the Uniform Commercial Code of the Uniform Sales Act (as applicable). In the event legal action is brought by the dealer for the enforcement of the terms of this agreement or that the purchase agreement shall be referred to an attorney who takes action in any manner to enforce said agreement, purchaser agrees to pay reasonablele attorney fees and court costs incurred by the dealer.
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Related to FAILURE TO COMPLETE PURCHASE

  • Failure to Complete If Artist becomes ill, dies, or is otherwise unable or unwilling to complete the Project in accordance with the Agreement, any work already done on the Project will be the City’s property. The City will be entitled to withhold any sums not yet paid to Artist, and may use any such sums toward completion of the Project in any manner the City deems appropriate.

  • LIABILITY FOR FAILURE TO COMPLETE TRANSACTIONS If We do not

  • Our Liability for Failure to Complete Transactions If we do not properly complete a transaction from your Card on time or in the correct amount according to our Agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • Failure to Comply 8.2.1 If the Developer fails to observe or perform any condition of this Agreement after the Municipality has given the Developer 30 days written notice of the failure or default, then in each such case: (a) The Municipality shall be entitled to apply to any court of competent jurisdiction for injunctive relief including an order prohibiting the Developer from continuing such default and the Developer hereby submits to the jurisdiction of such Court and waives any defence based upon the allegation that damages would be an adequate remedy; (b) The Municipality may enter onto the Lands and perform any of the covenants contained in this Agreement or take such remedial action as is considered necessary to correct a breach of the Agreement, whereupon all reasonable expenses whether arising out of the entry onto the Lands or from the performance of the covenants or remedial action, shall be a first lien on the Lands and be shown on any tax certificate issued under the Assessment Act; (c) The Municipality may by resolution discharge this Agreement whereupon this Agreement shall have no further force or effect and henceforth the development of the Lands shall conform with the provisions of the Land Use By-law; or (d) In addition to the above remedies, the Municipality reserves the right to pursue any other remedy under the Halifax Regional Municipality Charter or Common Law in order to ensure compliance with this Agreement.

  • Effect of Failure to Comply Failure to comply with reporting requirements shall result in the withholding of funds, the return of improper payments or Unallowable Costs, will be considered a material breach of this Agreement and may be the basis to recover Grant Funds. Grantee's failure to comply with this ARTICLE XIII, ARTICLE XIV, or ARTICLE XV shall be considered prima facie evidence of a breach and may be admitted as such, without further proof, into evidence in an administrative proceeding before Grantor, or in any other legal proceeding. Grantee should refer to the State of Illinois Grantee Compliance Enforcement System for policy and consequences for failure to comply.