Forfeiture of deposit clause samples
3.2.5Forfeiture of Deposit.If Purchaser’s Default occurs and remains uncured beyond any applicable cure period, upon the expiration of such cure period, and Seller elects to terminate this Agreement pursuant to Section 10.2, Purchaser shall forfeit the Deposit and Escrow Agent shall disburse the Deposit to Seller no later than two (2) Business Days after the termination of this Agreement by Seller.In such case, pursuant to Section 10.2, the Deposit shall be Seller’s sole and exclusive remedy except as otherwise set forth in this Agreement, and the Parties shall have no further rights or obligations under this Agreement, except those which expressly survive such termination.
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