Buyer Default refers to nonpayment of the Xxxxxxx Money in accordance with the provisions of this Agreement (including nonpayment or dishonor of any check delivered for the Xxxxxxx Money) and/or the failure of this transaction to close due to nonperformance, breach and/or default with respect to the Buyer’s obligation(s) under this Agreement. In the event of a Buyer Default, the following provisions shall apply:
Buyer Default means an Event of Default of Buyer.
Buyer Default is defined in Section 12.2.
Examples of Buyer Default in a sentence
In the event that each of the Buyer’s Conditions Precedent set forth in Section 7(a) is not fulfilled by the Outside Closing Date, or such earlier time period as provided for herein or waived by Buyer pursuant to Section 7(c), and provided there is no Buyer Default under this Agreement, Buyer may at its option terminate this Agreement and the Escrow opened hereunder.
In the event of a Buyer Default, Seller, as its sole and exclusive remedy, may terminate this Agreement.
As of the Closing, there shall be no Buyer Default under this Agreement.
More Definitions of Buyer Default
Buyer Default is defined in Section 9.2.
Buyer Default as the meaning set forth in Section 8.01
Buyer Default means any breach by the Buyer of its obligations under Schedule 2, 3 or 4.
Buyer Default shall have the meaning set forth in SECTION 3.5.1.
Buyer Default means Buyer’s failure to timely perform a material obligation of Buyer under this Agreement within five (5) business days following written notice from Seller describing Buyer’s failure to perform. In the event of a Buyer Default, Seller, as its sole and exclusive remedy, may terminate this Agreement.
Buyer Default means any failure by the Buyer to carry out works or provide services or authorize the Seller to carry out works (relating to their authorization which affect the works) or provide utility supplies, following due and proper attendance by the Seller in making arrangement for such works or utility supplies and complying with the requirements of the Buyer in respect of such arrangement;
Buyer Default means an Event of Default of Buyer. “Buyer Dispatched Test” has the meaning in Section 4.9(c).