Buyer Event of Default definition

Buyer Event of Default has the meaning ascribed to it in Section 10.3. “Buyer Statement” has the meaning ascribed to it in Section 12.2(g).

Buyer Event of Default has the meaning set forth in Section 14.2.

Buyer Event of Default has the meaning specified in Section 13.2.

Examples of Buyer Event of Default in a sentence

• If Buyer commits a Buyer Event of Default, prior to exercising any remedy granted by this Contract or by law, Builder shall deliver written notice of such default to Buyer.

• If the disputed amount is related to a Buyer Event of Default that has no cure or is an Event of Default that has not been cured within thirty (30) calendar days or within the timeframe allotted pursuant to Section 8.5(b), and if the Supplier is the Paying Party, then the Supplier shall not pay the disputed amount until the specific Event of Default by Buyer has been cured to the satisfaction of the Supplier, or the dispute has been resolved.

• If the Buyer Event of Default is not cured within fifteen (15) days after delivery of such written notice (Buyer’s Cure Period), Builder may exercise any remedy subject to the terms of this Contract.

• Upon the occurrence and continuation of any Buyer Event of Default specified in Article 13.2, the SPD shall have the right to deliver to Buyer, a SPD Preliminary Default Notice, which notice shall specify in reasonable detail the circumstances giving rise to its issue.

• Without limiting the generality of the foregoing, if Seller does not deliver Energy from the SEF to Buyer for a continuous period of twelve (12) months for any reason other than Force Majeure, Buyer Event of Default or Buyer Act hereunder, Buyer shall have the right to terminate the applicable Agreement by delivering written notice of such Termination at any time prior to the date upon which the SEF resumes the production of Energy.

More Definitions of Buyer Event of Default

Buyer Event of Default shall have the meaning set forth in Section 10.3(b).

Buyer Event of Default has the meaning ascribed thereto in Section 9.3.

Buyer Event of Default has the meaning given to such term in Section 9.1.

Buyer Event of Default shall be deemed to exist upon the occurrence and during the continuance of any one or more of the following events: (i) Buyer breaches a material term of this Agreement, and such breach is not cured within 60 Days following written notice from Seller; or (ii) Buyer fails to pay any amount due under this Agreement in full within 60 Days of the due date of such payment, subject to Section 17.13.

Buyer Event of Default has the meaning set forth in Section .

Buyer Event of Default means, with respect to Buyer, the occurrence of any of the following:  the failure by Buyer to make, when due, any payment required pursuant to this Agreement if such failure is not remedied within ten (10) Business Days after written notice from Seller;  any representation or warranty made by Buyer herein is false or misleading in any material respect when made or when deemed made or repeated;  the failure by Buyer to perform any material covenant or obligation set forth in this Agreement (except and to the extent such failure constitutes a separate Buyer Event of Default) if such failure is not remedied within thirty (30) Business Days after written notice; provided that if such failure is not reasonably capable of being cured within thirty (30) Business Days, and if Buyer is exercising diligent efforts to remedy such failure, then such additional period of time, not to exceed ninety (90) additional Business Days as shall be required to remedy such failure with the exercise of diligent efforts;  Buyer becomes Bankrupt; or  Buyer consolidates or amalgamates with, or merges with or into, or transfers all or substantially all of its assets to, another entity and, at the time of such consolidation, amalgamation, merger or transfer, the resulting, surviving or transferee entity fails to assume all the obligations of Buyer under this Agreement if such failure is not remedied within sixty (60) Business Days after written notice. Declaration of an Early Termination Date and Calculation of Termination Payment If a Seller Event of Default or a Buyer Event of Default shall have occurred and is continuing, the Non-Defaulting Party shall have the right, upon providing written notice to the Defaulting Party within thirty (30) Days of learning of such Seller Event of Default or Buyer Event of Default, (i) to designate a Day, no earlier than the Day such notice is effective and no later than twenty (20) Days after such notice is effective, as an early termination date (“Early Termination Date”) to accelerate all amounts owing between the Parties and to determine in a commercially reasonable manner the Non-Defaulting Party’s Losses and Costs, which shall be the termination payment payable by the Defaulting Party hereunder (the “Termination Payment”), and terminate this Agreement, (ii) withhold any payments due to the Defaulting Party under this Agreement and (iii) suspend performance in accordance with Section 6.6. For the avoidance of doubt, a Defaulting ...

Buyer Event of Default means, with respect to the Buyer, the occurrence of any one or more of the following: