SPD Defaults. The following events shall be defaults with respect to the SPD (each, a "SPD Default").
(i) An Insolvency Event shall have occurred with respect to the SPD;
(ii) Failure to achieve Commissioning of the System within the period as per RfS document; and
(iii) SPD breaches any material term of the Agreement and (A) if such breach can be cured within sixty (60) days after Buying Entity's written notice of such breach and the SPD fails to cure the same, or (B) the SPD fails to commence and pursue a cure within such sixty (60) days period if a longer cure period is needed.
