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Is the last sentence of General Terms and Conditions, Paragraph J1, of the Purchase and Sale Agreement, meant to preclude the non-defaulting party from charging interest or penalties?

April 26, 2017Conditions J1 meant paragraph preclude purchase sale agreement sentence terms

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Is the last sentence of General Terms and Conditions, Paragraph J1, of the Purchase and Sale Agreement, meant to preclude the non-defaulting party from charging interest or penalties?

1 Answer

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Neither the Agreement nor the attached General Terms and Conditions have any provisions for the Seller to charge interest or penalties.