Common use of Purchaser Events of Default Clause in Contracts

Purchaser Events of Default. Each of the following events shall be events of default by the Purchaser (each a "Purchaser Event of Default"), which, if not cured within the time permitted (if any) under Clause 19.3, shall give rise to the right on the part of the Seller to terminate this Agreement pursuant to Clause 19.3.3: 19.2.1 [except for the purpose of amalgamation, reorganization or reconstruction (provided that such amalgamation, reorganization or reconstruction does not affect the ability of the amalgamated, reorganized or reconstructed entity, as the case may be, to perform its obligations under this Agreement), the occurrence of any of the following events: 19.2.1.1 the passing of a resolution by the shareholders of the Purchaser for the winding up of the Purchaser; 19.2.1.2 the admission in writing by the Purchaser of its inability generally to pay its debts as they become due; 19.2.1.3 the appointment of a provisional manager, trustee, liquidator or similar person in a winding up proceeding after notice to the Purchaser and due hearing; or 19.2.1.4 the making by any court with competent jurisdiction over the Purchaser of an order winding up the Purchaser;] 19.2.2 any failure by the Purchaser to make any payment or payments required to be made by it under this Agreement within one hundred and eighty (180) Days after the Purchaser is given notice that the payment was not made by the due date for payment; 19.2.3 the assignment or transfer of this Agreement or an assignment, transfer or acquisition in breach of Clause 21.1 of this Agreement; or 19.2.4 any [material] breach by the Purchaser of this Agreement, which breach has a [material and] adverse impact on the Seller; provided, however, that a breach which, with the passing of time or the fulfilment of any other condition specified in Clauses 19.2.1 to 19.2.3 above, would constitute an event or circumstance falling within any such clause shall not be a the Purchaser Event of Default under this Clause 19.2.4, except that none of the events described above in Clauses 19.2.1 - 19.2.4 (inclusive) shall be a Purchaser Event of Default hereunder if (i) it results from a breach by the Seller of this Agreement; or (ii) if it occurs as a result of a Force Majeure for the period provided pursuant to Clause 17.3

Purchaser Events of Default. Each of the following events shall be events of default by the Purchaser (each a "Purchaser Event of Default"), which, if not cured within the time permitted (if any) under Clause 19.3, shall give rise to the right on the part of the Seller to terminate this Agreement pursuant to Clause 19.3.3: 19.2.1 [except for the purpose of amalgamation, reorganization or reconstruction (provided that such amalgamation, reorganization or reconstruction does not affect the ability of the amalgamated, reorganized or reconstructed entity, as the case may be, to perform its obligations under this Agreement), the occurrence of any of the following events: 19.2.1.1 the passing of a resolution by the shareholders of the Purchaser for the winding up of the Purchaser; 19.2.1.2 the admission in writing by the Purchaser of its inability generally to pay its debts as they become due; 19.2.1.3 the appointment of a provisional manager, trustee, liquidator or similar person in a winding up proceeding after notice to the Purchaser and due hearing; or 19.2.1.4 the making by any court with competent jurisdiction over the Purchaser of an order winding up the Purchaser;] 19.2.2 any failure by the Purchaser to make any payment or payments required to be made by it under this Agreement within one hundred and eighty (180) Days after the Purchaser is given notice that the payment was not made by the due date for payment; 19.2.3 the assignment or transfer of this Agreement or an assignment, transfer or acquisition in breach of Clause 21.1 of this Agreement; or 19.2.4 any [material] breach by the Purchaser of this Agreement, which breach has a [material and] adverse impact on the Seller; provided, however, that a breach which, with the passing of time or the fulfilment of any other condition specified in Clauses 19.2.1 to 19.2.3 19.2.2 above, would constitute an event or circumstance falling within any such clause shall not be a the Purchaser Event of Default under this Clause 19.2.4, except that none of the events described above in Clauses 19.2.1 - 19.2.4 (inclusive) shall be a Purchaser Event of Default hereunder if (i) it results from a breach by the Seller of this Agreement; or (ii) if it occurs as a result of a Force Majeure for the period provided pursuant to Clause 17.3

Purchaser Events of Default. Each of the following events shall be events of default by the Purchaser (each a "Purchaser Event of Default"), which, if not cured within the time permitted (if any) under Clause 19.3, shall give rise to the right on the part of the Seller to terminate this Agreement pursuant to Clause 19.3.3: 19.2.1 [except for the purpose of amalgamation, reorganization or reconstruction (provided that such amalgamation, reorganization or reconstruction does not affect the ability of the amalgamated, reorganized or reconstructed entity, as the case may be, to perform its obligations under this Agreement), the occurrence of any of the following events: 19.2.1.1 the passing of a resolution by the shareholders of the Purchaser for the winding up of the Purchaser; 19.2.1.2 the admission in writing by the Purchaser of its inability generally to pay its debts as they become due; 19.2.1.3 the appointment of a provisional manager, trustee, liquidator or similar person in a winding up proceeding after notice to the Purchaser and due hearing; or 19.2.1.4 the making by any court with competent jurisdiction over the Purchaser of an order winding up the Purchaser;] 19.2.2 any failure by the Purchaser to make any payment or payments required to be made by it under this Agreement within one hundred and eighty (180) Days 180)Days after the Purchaser is given notice that the payment was not made by the due date for payment; 19.2.3 the assignment or transfer of this Agreement or an assignment, transfer or acquisition in breach of Clause 21.1 of this Agreement; or 19.2.4 any [material] breach by the Purchaser of this Agreement, which breach has a [material and] adverse impact on the Seller; provided, however, that a breach which, with the passing of time or the fulfilment of any other condition specified in Clauses 19.2.1 to 19.2.3 above, would constitute an event or circumstance falling within any such clause shall not be a the Purchaser Event of Default under this Clause 19.2.4, except that none of the events described above in Clauses 19.2.1 - 19.2.4 (inclusive) shall be a Purchaser Event of Default hereunder if (i) it results from a breach by the Seller of this Agreement; or (ii) if it occurs as a result of a Force Majeure for the period provided pursuant to Clause 17.3

Purchaser Events of Default. Each of the following events shall be events of default by the Purchaser (each a "Purchaser Event of Default"), which, if not cured within the time permitted (if any) under Clause 19.3, shall give rise to the right on the part of the Seller to terminate this Agreement pursuant to Clause 19.3.319.4: 19.2.1 [except for the purpose of amalgamation, reorganization or reconstruction (provided that such amalgamation, reorganization or reconstruction does not affect the ability of the amalgamated, reorganized or reconstructed entity, as the case may be, to perform its obligations under this Agreement), the occurrence of any of the following events: 19.2.1.1 the passing of a resolution by the shareholders of the Purchaser for the winding up of the Purchaser; 19.2.1.2 the admission in writing by the Purchaser of its inability generally to pay its debts as they become due; 19.2.1.3 the appointment of a provisional manager, trustee, liquidator or similar person in a winding up proceeding after notice to the Purchaser and due hearing; or 19.2.1.4 the making by any court with competent jurisdiction over the Purchaser of an order winding up the Purchaser;] 19.2.2 any failure by the Purchaser to make any payment or payments required to be made by it under this Agreement within one hundred and eighty (180) Days after the Purchaser is given notice that the payment was not made by the due date for payment; 19.2.3 the assignment or transfer of this Agreement or an assignment, transfer or acquisition in breach of Clause 21.1 of this Agreement; or 19.2.4 any [material] breach by the Purchaser of this Agreement, which breach has a [material and] adverse impact on the Seller; provided, however, that a breach which, with the passing of time or the fulfilment fulfillment of any other condition specified in Clauses 19.2.1 to 19.2.3 above, would constitute an event or circumstance falling within any such clause shall not be a the Purchaser Event of Default under this Clause 19.2.4, except that none of the events described above in Clauses 19.2.1 - 19.2.4 (inclusive) shall be a Purchaser Event of Default hereunder if (i) it results from a breach by the Seller of this Agreement; or (ii) if it occurs as a result of a Force Majeure for the period provided pursuant to Clause 17.3