Common use of Termination for Buyer Default Clause in Contracts

Termination for Buyer Default. 18.4.1.1 where the Seller Default is the default detailed in sub-clause (b) of the definition of "Seller Default" (namely failure to Commence and Continue Construction of the Facility within one hundred and eighty (180) days of the Signature Date, which failure includes that Construction works are not on-going or have been suspended or abandoned), if the same is continuing, serve notice of default on the Seller requiring the Seller to remedy the Seller Default referred to in such notice of default (if the same is continuing) within ninety (90) days of such notice of default being delivered. If the Seller Default is not remedied within such period, the Buyer may serve a further notice on the Seller terminating this Agreement (save for clauses 20 (General Seller Undertakings) to 35 (Miscellaneous)) with immediate effect; or

Appears in 6 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement Photovoltaic, Power Purchase Agreement

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