Common use of Events of Default by PURCHASER Clause in Contracts

Events of Default by PURCHASER. Any of the following shall be deemed an event of default by PURCHASER (“Event of Default”): (1) Any representation or warranty made by PURCHASER that proves to be false in any material respect; (2) PURCHASER’s failure or refusal to perform, fulfill, or observe any provision in this Contract or State law, or PURCHASER’s breach of any covenant in this Contract; or (3) If PURCHASER has a receiver appointed for all or any significant part of its assets, becomes insolvent, files a petition in bankruptcy or for reorganization, liquidation, or relief under any bankruptcy, insolvency, or debtor laws, or makes an assignment for the benefit of creditors, or if a petition is filed against it in bankruptcy or under insolvency or debtor laws.

Events of Default by PURCHASER. Any of the following shall be deemed an event of default by PURCHASER (“Event of Default”): (1) Any representation or warranty made by PURCHASER that proves to be false in any material respect; (2) PURCHASER’s failure or refusal to perform, fulfill, or observe any provision in this Contract contract or State lawlaws, or PURCHASER’s breach of any covenant in this Contractcontract; or (3) If PURCHASER has a receiver appointed for all or any significant part of its assets, becomes insolvent, files a petition in bankruptcy or for reorganization, liquidation, or relief under any bankruptcy, insolvency, or debtor laws, or makes an assignment for the benefit of creditors, or if a petition is filed against it in bankruptcy or under insolvency or debtor laws.

Events of Default by PURCHASER. Any of the following shall be deemed an event of default by PURCHASER (“Event of Default”): (1) ): Any representation or warranty made by PURCHASER that proves to be false in any material respect; (2) ; PURCHASER’s failure or refusal to perform, fulfill, or observe any provision in this Contract or State law, or PURCHASER’s breach of any covenant in this Contract; or (3) or If PURCHASER has a receiver appointed for all or any significant part of its assets, becomes insolvent, files a petition in bankruptcy or for reorganization, liquidation, or relief under any bankruptcy, insolvency, or debtor laws, or makes an assignment for the benefit of creditors, or if a petition is filed against it in bankruptcy or under insolvency or debtor laws.

Events of Default by PURCHASER. Any of the following shall be deemed an event of default by PURCHASER (“Event of Default”): (1) Any representation or warranty made by PURCHASER that proves to be false in any material respect; (2) PURCHASER’s failure or refusal to perform, fulfill, or observe any provision in this Contract or State lawLaws , or PURCHASER’s breach of any covenant in this Contract; or (3) If PURCHASER has a receiver appointed for all or any significant part of its assets, becomes insolvent, files a petition in bankruptcy or for reorganization, liquidation, or relief under any bankruptcy, insolvency, or debtor laws, or makes an assignment for the benefit of creditors, or if a petition is filed against it in bankruptcy or under insolvency or debtor laws.