Default Termination Rights. Upon the occurrence or continuation of a Seller Default, Buyer may elect to terminate this Agreement as follows: (i) with respect to a Seller Default described in subsection 29.1(c), immediately terminate this Agreement and remove Seller from the Site with risk of loss of the Work transferring to Buyer as provided in Section 29.4(c) hereof; and (ii) with respect to a Seller Default described in any subsection other than subsection (c) of Section 29.1 (“Seller’s Default”), after having given notice to Seller of such Seller Default and Seller’s having failed to cure such Seller Default within the cure period specified in such subsection, or, if no cure period is specified, then fourteen (14) days after such notice, terminate this Agreement.
Appears in 3 contracts
Samples: Asset Purchase Agreement, Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement
Default Termination Rights. Upon the occurrence or continuation of a Seller Default, Buyer may elect to terminate this Agreement as follows:
(i) with respect to a Seller Default described in subsection 29.1(c29.1 (c), immediately terminate this Agreement and remove Seller from the Site with risk of loss of the Work transferring to Buyer as provided in Section 29.4(c) hereof; and
(ii) with respect to a Seller Default described in any subsection other than subsection (c) of Section 29.1 (“Seller’s Default”), after having given notice to Seller of such Seller Default and Seller’s having failed to cure such Seller Default within the cure period specified in such subsection, or, if no cure period is specified, then fourteen (14) days after such notice, terminate this Agreement.
Appears in 3 contracts
Samples: Asset Purchase Agreement, Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement
