Common use of Events of Default by Buyer Clause in Contracts

Events of Default by Buyer. (each is a Buyer Event of Default): 1) Buyer or Buyer’s agents or representatives fail to make any payments due under this Contract, including payment for any Change Orders. 2) Buyer or Buyer’s agents or representatives unreasonably delay or unreasonably interfere with the Builder in the execution of installing additional options or upgrades. 3) Buyer fails to participate in the Final Customer Walk-Thru Approval and Punch List inspection. 4) Buyer or Buyer’s agents or representatives fail to perform any material agreement contained in this Contract. 5) Buyer, or any person liable for the payment or performance under this Contract, files a petition in bankruptcy, makes an assignment for the benefit of any creditor, is adjudicated as bankrupt or insolvent, or applies for or consents to the appointment of a receiver, trustee or liquidator of all or a substantial part of their or its assets.

Events of Default by Buyer. (each is a Buyer Event of Default): 1) Buyer or Buyer’s agents or representatives fail to make any payments due under this Contract, including payment for any Change Orders. 2) Buyer or Buyer’s agents or representatives unreasonably delay or unreasonably interfere with the Builder in the execution of installing additional options or upgradesthe Work. 3) Buyer fails to participate in the Final Customer Walk-Thru Approval and Punch List inspectionwalk through inspection as provided in this Contract. 4) Buyer or Buyer’s agents or representatives fail to perform any material agreement contained in this Contract. 5) Buyer, or any person liable for the payment or performance under this Contract, files a petition in bankruptcy, makes an assignment for the benefit of any creditor, is adjudicated as bankrupt or insolvent, or applies for or consents to the appointment of a receiver, trustee or liquidator of all or a substantial part of their or its assets.