Purchasers Default Sellers Remedies. If Purchaser fails to purchase the Property on the Closing Date in breach of the terms hereof then Seller, as its sole and exclusive remedy at law or in equity, shall receive the E▇▇▇▇▇▇ Money Deposit from Escrow Agent as liquidated damages and all other claims for losses, damages, costs and expenses being waived hereby. Purchaser and Seller acknowledge and agree that damages which would be sustained by Seller in the event of a breach by Purchaser of its obligations under this Agreement are difficult to determine and in such event that the E▇▇▇▇▇▇ Money Deposit represents a reasonable estimate of such damages and is not intended as a penalty.
Appears in 2 contracts
Sources: Agreement of Sale (EQT Exeter Real Estate Income Trust, Inc.), Agreement of Sale (EQT Exeter Real Estate Income Trust, Inc.)
Purchasers Default Sellers Remedies. If Purchaser wrongfully fails to purchase the Property on the Closing Date in breach of accordance with the terms hereof then Seller, as its sole and exclusive remedy at law or in equity, shall receive the E▇▇▇▇▇▇▇ Money Deposit from Escrow Agent as liquidated damages and all other claims for losses, damages, costs and expenses being waived hereby. Purchaser and Seller acknowledge and agree that damages which would be sustained by Seller in the event of a breach by Purchaser of its obligations under this Agreement are difficult to determine and in such event that the E▇▇▇▇▇▇▇ Money Deposit represents a reasonable estimate of such damages and is not intended as a penalty.
Appears in 2 contracts
Sources: Agreement of Sale (Rubicon Technology, Inc.), Agreement of Sale (Rubicon Technology, Inc.)