Common use of NOTICE OF DEFAULT TO BUYER Clause in Contracts

NOTICE OF DEFAULT TO BUYER. If Buyer commits a Buyer Event of Default, prior to exercising any remedy granted by this Contract or by law, Builder shall deliver written notice of such default to Buyer. If the Buyer Event of Default is not cured within fifteen (15) days after delivery of such written notice (“Buyer's Cure Period”), Builder may exercise any remedy subject to the terms of this Contract. Upon the occurrence of a Buyer Event of Default, all amounts owed for Work completed will, at the option of the Builder, after any notice or Buyer's Cure Period, become immediately due and payable without prejudice to any other remedy of the Builder.

NOTICE OF DEFAULT TO BUYER. If Buyer commits a Buyer Event of Default, prior to exercising any remedy granted by this Contract or by law, Builder shall deliver written notice of such default to Buyer. If the Buyer Event of Default is not cured within fifteen (15) days after delivery of such written notice (“Buyer's ’s Cure Period”), Builder may exercise any remedy subject to the terms of this Contract. Upon the occurrence of a Buyer Event of Default, all amounts owed for Work completed will, at the option of the Builder, after any notice or Buyer's ’s Cure Period, become immediately due and payable without prejudice to any other remedy of the Builder.