Buyer Events of Default. With respect to Buyer:
(a) Buyer fails to make payment of any amount payable to Seller when due under this Agreement or any Purchase Order, which failure continues for ten (10) Business Days after receipt of written notice of such non-payment from Seller;
(b) Buyer fails to cure a material breach or default in the performance of its obligations under this Agreement or any Purchase Order not otherwise specifically addressed in this Section 10.1.1 within thirty (30) days after receipt of written notice of such material breach or default from Seller; provided, that if such breach or default cannot be remedied with reasonable diligence within such thirty (30) day period, so long as Buyer timely commences curing such material breach or default and proceeds with reasonable diligence thereafter to prosecute such cure, than the period for such cure shall be extended for a reasonable period of time not to exceed ninety (90) days;
(c) Buyer files a petition in bankruptcy, files a petition seeking reorganization, arrangement, composition or similar relief, or makes a general assignment for the benefit of creditors, or if any involuntary petition or proceeding under bankruptcy or insolvency laws is instituted against Buyer and not stayed, enjoined or discharged within ninety (90) days;
(d) If any representation or warranty made by Buyer herein was materially false or misleading when made, and Buyer fails to remedy such materially false or misleading representation or warranty within thirty (30) days after receipt of written notice of the particulars of such materially false or misleading representation or warranty from Seller;
(e) Buyer’s breach of or default under Section 15.2.2 or 15.2.3; or
(f) Buyer’s assignment of this Agreement other than in strict compliance with the requirements of Section 18.4.
Buyer Events of Default. The occurrence of any of the following events shall constitute an Event of Default by the Buyer hereunder, provided that the default has not been cured within thirty (30) days of its occurrence, or such other applicable cure period as may be set forth below:
a. Failure by the Buyer to make any payment when and where the same is due and payable in accordance with the Payment Schedule set forth in the Transaction Specific Terms, attached hereto as Exhibit A;
b. Failure by the Buyer to comply with the terms and conditions of the Rulebook or the Auction Rules, including but not limited to, furnishing false or misleading information to the Authority or engaging in anticompetitive or collusive market activity;
c. Failure by the Buyer to observe or perform any of the covenants or agreements required to be observed or performed under this Agreement or under any of the other Credit Purchase Documents, and such failure continues for thirty (30) days after notice from the Authority of such noncompliance;
d. A representation or warranty made by the Buyer to the Authority pursuant to this Agreement or under any of the Credit Purchase Documents is untrue in any material respect;
e. The Buyer applies for or consents to the appointment of a receiver, trustee, liquidator, or conservator of itself or any of its property, admits in writing its inability to pay its debts as they mature, makes a general assignment for the benefit of creditors; is adjudicated as bankrupt or insolvent, files a voluntary petition in bankruptcy; files a petition or an answer seeking reorganization or an arrangement with creditors or to take advantage of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute, files an answer admitting the material allegations of a petition filed against it in any proceeding under any such law, or takes any other action for the purpose of effecting any of the foregoing;
f. Any order, judgment or decree is entered by any court of competent jurisdiction, approving a petition seeking reorganization of the Buyer or all or a substantial part of the assets of the Buyer or appointing a receiver, sequestrator, trustee or liquidator of the Buyer or any of its property, and such order, judgment or decree continues unstayed and in effect for any period of sixty (60) days;
g. If the Collateral includes a lien on the revenues, as set forth in the Transaction Specific Terms, attached hereto as Exhibit A, and a rate is not estab...
Buyer Events of Default. The occurrence of any of the following events shall constitute a “Buyer Event of Default”:
6.2.1 the failure by Buyer to make, when due, any payment required pursuant to this Agreement if such failure is not remedied within [ten (10) Business Days] after written notice from Seller;
6.2.2 any representation or warranty made by Buyer herein is false or misleading in any material respect when made or when deemed made or repeated; or
6.2.3 the failure by Buyer to perform any material covenant or obligation set forth in this Agreement (except and to the extent such failure constitutes a separate Buyer Event of Default) if such failure is not remedied within thirty (30) Business Days after written notice; provided that if such failure is not reasonably capable of being cured within thirty (30) Business Days, and if Buyer is exercising diligent efforts to remedy such failure, then such additional period of time, not to exceed ninety (90) additional Business Days as shall be required to remedy such failure with the exercise of diligent efforts.
Buyer Events of Default. Each of the following events shall constitute a "BUYER EVENT OF DEFAULT" (whether any such event shall be voluntary or involuntary or come about or be effected by operation of law or pursuant to or in compliance with any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):
(i) Buyer shall not have made (x) any payment of Aircraft Purchase Price within one (1) Business Day after the same shall have become due and payable or (y) any other amount payable hereunder within three (3) Business Days after receipt of written notice that the same shall have become due and payable; or
(ii) In the event that the Aircraft which has been tendered for Delivery by Seller is in compliance with the provisions specified for Delivery pursuant to Section 4.4 hereof, but Buyer shall have rejected such Aircraft and such rejection shall have continued for a period of five (5) Business Days after Seller's written demand to Buyer for Buyer to accept such Aircraft; or
(iii) Buyer shall have failed to observe and perform any of its covenants in Article XI hereof; or
(iv) Buyer shall have failed to perform or observe (or caused to be performed and observed) any other covenant or agreement to be performed or observed by it hereunder or under the other Buyer Agreements, and such failure shall continue unremedied for a period of 30 days after written notice thereof from Seller; or
(v) any representation or warranty made by Buyer herein or in any other Buyer Agreement shall prove to have been incorrect in any material respect at the time made and shall continue to be material and unremedied for a period of 30 days after written notice thereof from Seller; or
(vi) the filing of a petition against Buyer under any applicable bankruptcy, insolvency or other similar laws in the United States, as now or hereafter amended, and the lack of the withdrawal or dismissal of such proceeding within 60 days thereafter; or the entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Buyer in an involuntary case under any such laws, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or other similar official) of Buyer or for all or a substantial part of its property, or ordering the winding-up or liquidation of its affairs and, in the case of any such decree or order, the continuance of such decree or order unstayed and in effect for a period of 60 consecutive days; or
(...
Buyer Events of Default. In addition to the foregoing, the occurrence with respect to Buyer of any of the following events or conditions constitutes an event of default with respect to Buyer:
(i) Interconnection Completion has not occurred on or prior to the date which is six
Buyer Events of Default. Subject to Clause 21.4.2, each of the following events shall be an event of default by the Buyer (each, a “Buyer Event of Default”), which if not remedied within the time period permitted (if any) under Clause 21.5, shall give rise to the right of Seller to terminate this Agreement pursuant to Clause 21.6:
Buyer Events of Default. Buyer shall be in default of this Agreement if any of the following (“Buyer Events of Default”) shall occur and be continuing:
(i) Misrepresentation. Any representation or warranty by Buyer under Section 12 hereof, is incorrect or incomplete in any material way, or omits to include any information necessary to make such representation or warranty not materially misleading, and such defect is not cured within Fifteen (15) days after receipt of notice from Seller identifying the defect.
Buyer Events of Default. Each of the following shall constitute an event of default in respect of the Buyer (each a "Buyer Event of Default"):
22.1.1 the Buyer or the Buyer's Acceptable Credit Support Provider fails to pay any amount or amounts due from the Buyer under this Agreement that, in aggregate (but excluding amounts which have been disputed pursuant to Clause 12.5), is in excess of [***] due from it (whether under one or more outstanding invoices), and such payment default is not cured by the Buyer or its Acceptable Credit Support Provider within [***] of the Seller Group notifying the Buyer of such payment default;
22.1.2 the Buyer fails to provide and maintain the Acceptable Credit Support in accordance with Clause 12.7;
22.1.3 the Buyer fails to take a quantity of LNG equal to at least [***] of the ACQ, for reasons other than Force Majeure or the failure of the Seller Group or Persons referred to in Clause 7.4.1(E), [***];
22.1.4 [***]
22.1.5 the Buyer is in breach of any of its obligations under Clause 25.9 and/or Clause 25.10; or
22.1.6 a Buyer Insolvency Event occurs.
Buyer Events of Default. In all Transactions in which the defaulting party is acting as Buyer, upon tender by the non-defaulting party of payment of the aggregate Repurchase Prices for all such Transactions, all right, title and interest in and entitlement to all Purchased Assets subject to such Transactions shall be deemed transferred to the non-defaulting party, and the defaulting party shall deliver all such Purchased Assets to the non-defaulting party. If the non-defaulting party exercises or is deemed to have exercised the option referred to in subparagraph (a) of this Paragraph, the non-defaulting party, without prior notice to the defaulting party may: as to Transactions in which the defaulting party is acting as Buyer, (A) immediately sell at such price or prices as the non-defaulting party may reasonably deem satisfactory, any or all Purchased Assets subject to such Transactions and apply the proceeds thereof to the aggregate unpaid Repurchase Prices and any other amounts owing by the defaulting party hereunder or (B) in its sole discretion elect, in lieu of selling all or a portion of such Purchased Assets, to give the defaulting party credit for such Purchased Assets in an amount equal to the price therefor on such date, obtained from a generally recognized source or the most recent closing bid quotation from such a source, against the aggregate unpaid Repurchase Prices and any other amounts owing by the defaulting party hereunder; and as to Transactions in which the defaulting party is acting as Buyer, (A) immediately purchase, in a recognized market (or otherwise in a commercially reasonable manner) at such price or prices as the non-defaulting party may reasonably deem satisfactory, Assets (“Replacement Assets”) of the same class and amount as any Purchased Assets that are not delivered by the defaulting party to the non-defaulting party as required hereunder or (B) in its sole discretion elect, in lieu of purchasing Replacement Assets, to be deemed to have purchased Replacement Assets at the price therefor on such date, obtained from a generally recognized source or the most recent closing offer quotation from such a source. As to Transactions in which the defaulting party is acting as Buyer, the defaulting party shall be liable to the non-defaulting party for any excess of the price paid (or deemed paid) by the non-defaulting party for Replacement Assets over the Repurchase Price for the Purchased Assets replaced thereby and for any amounts payable by the defaultin...
