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Agenda - Council - 02/23/1999
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Agenda - Council - 02/23/1999
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3/25/2025 3:39:15 PM
Creation date
9/11/2003 2:14:01 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
02/23/1999
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:1 <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> <br /> I <br /> <br />Feb-19-99 02:10P <br /> <br />P.05 <br /> <br /> (i) seek damages, costs, and reasonable attorneys' fees from SELLER <br /> as permitted by law (damages under this subparagraph (i) shall be <br /> limited to the costs of curing objections to tidc, and consequential <br /> damages are excladed); or <br /> (ii) Undertake proceedings to correct the objections to title; <br /> b. Rescission of Sis Purchase Agreement, in which case the Purchase <br /> Agreement shall be null and void and all earnest money paid hereunder <br /> shall be refunded to BUYER. <br /> c. Damages from SELLER together with costs and reasonable attorneys' fees, <br /> <br /> as permitted by law; <br /> <br /> d. Specific performance within six months after such right of action arises. <br /> 4.5 If title ts marketable, or is made marketable as provided as provided herein, <br /> <br /> and BUYER defaults in any of the agreements herein, SELLER may elect either of the <br />following options, as permitted by law: <br /> <br /> a. Cancel this contract as provided by statute and re~ain all payments made <br /> <br /> hereunder as liquidated damages; <br /> <br /> b. If title is marketable, or is made marketable as provided herein, and <br /> SELLER defaults in any of the agreements herein, BUYER may, as <br /> permitted by law: <br /> <br /> Seek damages from SELLER including costs and reasonable <br /> attorneys' fees; <br /> <br /> <br />
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