Common use of Purchaser Defaults Clause in Contracts

Purchaser Defaults. If the Sellers terminate this Agreement pursuant to Section 10.1(f) or Section 10.1(g), then within three (3) Business Days following such termination the Purchaser shall pay to the Sellers cash in good funds in the amount of the Break Up Fee. In addition, the Surviving Obligations shall remain in effect.

Appears in 2 contracts

Sources: Purchase Agreement (Newcastle Investment Corp), Purchase Agreement (National Health Investors Inc)