Common use of Seller’s Defaults Clause in Contracts

Seller’s Defaults. Seller shall be deemed to be in default hereunder if Seller shall fail to meet, comply with or perform any material covenant, agreement or obligation on its part required under this Contract or any warranty or representation shall become untrue when made or deemed to be made.

Appears in 2 contracts

Samples: Contract for Purchase and Sale of Real Estate, Purchase and Sale Agreement

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Seller’s Defaults. The Seller shall be deemed to be in default hereunder if in the event that the Seller shall fail to meet, comply with or perform observe any material covenant, agreement agreement, or obligation on its the Seller's part required under this Contract or any warranty or representation shall become untrue when made or deemed to be madeperformed within the time limits and in the manner required herein or in the event any of the conditions precedent described herein shall not have been complied with or waived by City.

Appears in 1 contract

Samples: Real Estate Purchase Agreement

Seller’s Defaults. Seller shall be deemed to be in default hereunder if in the event that Seller shall fail to meet, comply with with, or perform any material covenant, agreement or obligation on its part required under within the time limits and in the manner required in this Contract Agreement for any reason other than a default by Purchaser hereunder or any warranty termination of this Agreement by either Seller or representation Purchaser pursuant to the terms and provisions hereof, and such failure shall become untrue when made or deemed to be madecontinue for ten (10) days after Seller’s receipt of written notice of such default from Purchaser.

Appears in 1 contract

Samples: Loan Purchase and Sale Agreement (Independent Bank Group Inc)

Seller’s Defaults. Seller shall be deemed to be in default hereunder if in the event Seller shall fail to meet, comply with with, or perform any material covenant, agreement or obligation on its part required under within the time limits and in the manner required in this Contract or any warranty or representation shall become untrue when made or deemed to be madeAgreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Rampart Capital Corp)

Seller’s Defaults. Seller shall be deemed to be in default hereunder if in the event that any of Seller’ s representations hereunder are determined to be false or misleading in any material respect (other than due to circumstances as to which Section 4.03 would be applicable) or in the event Seller shall fail in any material respect to meet, comply with with, or perform any material covenant, agreement agreement, or obligation on its part required under within the time limits and in the manner required in this Contract or any warranty or representation shall become untrue when made or deemed to be madeAgreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Capital Senior Living Corp)

Seller’s Defaults. Seller shall be deemed is considered to be in default hereunder if Seller shall fail fails to meet, comply with with, or perform any material covenantcovenant agreement, agreement representation, warranty or obligation on its part required under within the time limits and in the manner required in this Contract or any warranty or representation shall become untrue when made or deemed to be madeAgreement, and such failure was not caused by Purchaser's default.

Appears in 1 contract

Samples: Asset Purchase Agreement (Amcon Distributing Co)

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Seller’s Defaults. Seller shall be deemed to be in default hereunder if in the event that Seller shall fail to meet, comply with or perform observe any material covenantrepresentation, agreement agreement, or obligation on its Seller's part required under this Contract or any warranty or representation shall become untrue when made or deemed to be madeperformed within the time limits and in the manner required herein.

Appears in 1 contract

Samples: Purchase Agreement

Seller’s Defaults. Seller shall be deemed to be in default hereunder if in the event Seller shall fail to meet, comply with with, or perform any material covenant, covenant agreement or obligation on its part required under within the time limits and in the manner required in this Contract or any warranty or representation shall become untrue when made or deemed to be madeAgreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Rampart Capital Corp)

Seller’s Defaults. Seller shall be deemed to be in default hereunder if in the event Seller shall fail fails, for a reason other than Purchaser's default hereunder, to timely meet, comply with with, or perform any material covenant, agreement or obligation on its part required under within the time limits and in the manner required in this Contract Agreement, or there shall have occurred a material breach of any representation or warranty or representation shall become untrue when made or deemed to be madeby Seller.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Direct Focus Inc)

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