Purchase Default. In the event Buyer defaults after exercising the Option to Purchase, Buyer shall forfeit ( ☐ the Deposit and) the credit, if any, Buyer would have received if Buyer closed on the Premises to Seller as liquidated damages, which shall be the sole and exclusive remedy available to Seller. In the event Seller defaults after Buyer has exercised the Option to Purchase, (☐ the Deposit and) the credit, if any, Buyer would have received if Buyer closed on the Premises shall be refunded to Buyer, and Buyer may sue for all remedies available at law or in equity.
Appears in 26 contracts
Sources: Rent to Own Agreement, Rent to Own Agreement, Rent to Own Agreement
Purchase Default. In the event Buyer defaults after exercising the Option to Purchase, Buyer shall forfeit ( (☐ the Deposit and) the credit, if any, Buyer would have received if Buyer closed on the Premises to Seller as liquidated damages, which shall be the sole and exclusive remedy available to Seller. In the event Seller defaults after Buyer has exercised the Option to Purchase, (☐ the Deposit and) the credit, if any, Buyer would have received if Buyer closed on the Premises shall be refunded to Buyer, and Buyer may sue ▇▇▇ for all remedies available at law or in equity.
Appears in 1 contract
Sources: Rent to Own Agreement
Purchase Default. In the event Buyer defaults after exercising the Option to Purchase, Buyer shall forfeit ( ☐ the Deposit and) the credit, if any, Buyer would have received if Buyer closed on the Premises to Seller as liquidated damages, which shall be the sole and exclusive remedy available to Seller. In the event Seller defaults after Buyer has exercised the Option to Purchase, (☐ the Deposit and) the credit, if any, Buyer would have received if Buyer closed on the Premises shall be refunded to Buyer, and Buyer may sue ▇▇▇ for all remedies available at law or in equity.
Appears in 1 contract
Sources: Rent to Own Agreement
Purchase Default. In the event Buyer defaults after exercising the Option to Purchase, Buyer shall forfeit ( ☐ the Deposit and) the credit, if any, Buyer would have received if Buyer closed on the Premises to Seller as liquidated damages, which shall be the sole and exclusive remedy available to Seller. In the event Seller defaults after Buyer has exercised the Option to Purchase, (☐ the Deposit and) the credit, if any, Buyer would have received if Buyer closed on the Premises shall be refunded to Buyer, and Buyer may sue ▇▇▇ for all remedies available at law or in equity.
Appears in 1 contract
Sources: Rent to Own Agreement
Purchase Default. In the event Buyer defaults after exercising the Option to Purchase, Buyer shall forfeit ( ☐ [the Deposit and) ] the credit, if any, Buyer would have received if Buyer closed on the Premises to Seller as liquidated damages, which shall be the sole and exclusive remedy available to Seller. In the event Seller defaults after Buyer has exercised the Option to Purchase, (☐ [the Deposit and) ] the credit, if any, Buyer would have received if Buyer closed on the Premises shall be refunded to Buyer, and Buyer may sue ▇▇▇ for all remedies available at law or in equity.
Appears in 1 contract
Sources: Rent to Own Agreement
Purchase Default. In the event Buyer defaults after exercising the Option to Purchase, Buyer shall forfeit ( ☐ [the Deposit and) ] the credit, if any, Buyer would have received if Buyer closed on the Premises to Seller as liquidated damages, which shall be the sole and exclusive remedy available to Seller. In the event Seller defaults after Buyer has exercised the Option to Purchase, (☐ [the Deposit and) ] the credit, if any, Buyer would have received if Buyer closed on the Premises shall be refunded to Buyer, and Buyer may sue for all remedies available at law or in equity.
Appears in 1 contract
Sources: Rent to Own Agreement
Purchase Default. In the event Buyer defaults after exercising the Option to Purchase, Buyer shall forfeit ( ☐ the Deposit and) the credit, if any, Buyer would have received if Buyer closed on the Demised Premises to Seller as liquidated damages, which shall be the sole and exclusive remedy available to Seller. In the event Seller defaults after Buyer has exercised the Option to Purchase, (☐ the Deposit and) the credit, if any, Buyer would have received if Buyer closed on the Demised Premises shall be refunded to Buyer, and Buyer may sue for all remedies available at law or in equity.
Appears in 1 contract