Seller's Default; Purchaser's Remedies. a. Seller's Default. Seller shall be deemed to be in default hereunder upon the occurrence of one of the following events: (i) any of Seller's warranties or representations set forth herein shall be untrue in any material respect when made or at Closing; or (ii) Seller shall fail to meet, comply with, or perform any covenant, agreement or obligation on its part required within the time limits and in the manner required in this Agreement, which, in either of such events, is not cured by Seller within ten (10) days following receipt by Seller of written notice of default from Purchaser.
Appears in 7 contracts
Samples: Option Agreement (Cca Prison Realty Trust), Option Agreement (Cca Prison Realty Trust), Option Agreement (Cca Prison Realty Trust)
Seller's Default; Purchaser's Remedies. a. Seller's Default. Seller shall be deemed to be in default hereunder upon the occurrence of one of the following events: (i) any of Seller's warranties or representations set forth herein shall be untrue in any material respect when made or at Closing; or (ii) Seller shall fail to meet, comply with, or perform any covenant, agreement or obligation on its part required within the time limits and in the manner required in this Agreement, which, in either of such events, is not cured by Seller within ten (10) days following receipt by Seller of written notice of default from Purchaser.
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Samples: Agreement of Sale and Purchase (Correctional Properties Trust), Agreement of Sale and Purchase (Wackenhut Corrections Corp), Agreement of Sale and Purchase (Correctional Properties Trust)
Seller's Default; Purchaser's Remedies. a. (a) Seller's ’s Default. Seller shall be deemed to be in default hereunder upon the occurrence of one of the following events: (i) any of Seller's ’s warranties or representations set forth herein shall be untrue in any material respect when made or at Closing; or (ii) Seller shall fail to meet, comply with, or perform any covenant, agreement or obligation on its part required within the time limits and in the manner required in this Agreement, Agreement which, in either of such events, is not cured by Seller within ten (10) days following receipt by Seller of written notice of default from Purchaser.
Appears in 2 contracts
Samples: Agreement of Sale and Purchase (Peak Resorts Inc), Agreement of Sale and Purchase (Peak Resorts Inc)
Seller's Default; Purchaser's Remedies. a. (a) Seller's Default. Seller shall be deemed to be in default hereunder upon the occurrence of one of the following events: (i) any of Seller's warranties or representations set forth herein shall be untrue in any material respect when made or at Closing; or (ii) Seller shall fail to meet, comply with, or perform any covenant, agreement or obligation on its part required within the time limits and in the manner required in this Agreement, which, in either of such events, is not cured by Seller within ten (10) 10 days following receipt by Seller of written notice of default from Purchaser.
Appears in 2 contracts
Samples: Option Agreement (Amc Entertainment Inc), Agreement of Sale and Purchase (Amc Entertainment Inc)
Seller's Default; Purchaser's Remedies. a. Seller's Default. (a) Seller shall be deemed to be in default hereunder upon the occurrence of one of the following events: (i) any of Seller's warranties or representations set forth herein shall be untrue in any material respect when made or at Closing; or (ii) Seller shall fail to meet, comply with, or perform any covenant, agreement or obligation on its part required within the time limits and in the manner required in this Agreement, which, in either of such events, is not cured by Seller within ten (10) days following receipt by Seller of written notice of default from Purchaser.
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