Forfeit of Deposit. If this Agreement is not terminated pursuant to the provisions contained in Section 3.1, 3.7, or 3.8 hereof, then the Deposit will constitute forfeitable ▇▇▇▇▇▇▇ money that will belong to Seller pursuant to Section 8.1 in the event Purchaser defaults in its obligation to purchase the Assets for any reason OTHER THAN Seller's default.
Appears in 2 contracts
Sources: Real Estate Purchase and Sale Agreement (Wilshire Real Estate Investment Trust Inc), Real Estate Purchase and Sale Agreement (Wilshire Real Estate Investment Trust Inc)