Common use of If the Buyer Clause in Contracts

If the Buyer. 16.1.1. commits any material breach of this Agreement and, if that breach is capable of remedy, fails to remedy that breach within 30 days of notification from the Sellers of that breach; 16.1.2. becomes insolvent or bankrupt or makes a composition or arrangements with its creditors; 16.1.3. is wound up or a resolution for its winding up is made (other than for the purposes of an amalgamation or reconstruction while solvent); or 16.1.4. has a liquidator, provisional liquidator, receiver, administrator or an administrative receiver or manager of its business or undertaking appointed, the Sellers may, without prejudice to any claim, remedy, suit or right of action the Sellers may have against the Buyer, terminate this Agreement by giving thirty (30) days’ notice to the Buyer to that effect.