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 ascribed thereto in Section 9.3.

Examples of Buyer Event of Default in a sentence

  • An audit not followed by a notice of a Buyer Event of Default shall not constitute or be deemed to constitute a waiver of any Buyer Event of Default, nor shall it constitute or be deemed to constitute an acknowledgement that there has been or will be compliance by the Buyer with this Agreement.

  • 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 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 of a Buyer Event of Default, Supplier may, by written notice to Buyer, terminate the outstanding Purchase Order(s) under which the Buyer Event of Default has arisen and/or shall be entitled to such rights and remedies as may be available at law or in equity.

  • Upon the occurrence and during the continuation of a Buyer Event of Default, Siemens, in addition to its right to pursue any other remedy given under the Agreement, shall have the right to terminate this Agreement upon not less than five (5) days prior written notice to Buyer.


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 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 17.2.
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 has the meaning given to it in the PPA.
Buyer Event of Default means, with respect to the Buyer, the occurrence of any one or more of the following: (a) the failure to make, when due, any payment to Seller required pursuant to this Agreement if such failure is not remedied within five (5) Business Days after Buyer’s receipt of written notice for such payment; (b) any representation or warranty made by the Buyer herein is false or misleading in any material respect when made or when deemed made or repeated and has a material adverse effect on the transactions contemplated by this Agreement; (c) the failure to perform any material covenant or obligation set forth in this Agreement if such failure is not remedied within five (5) Business Days after Buyer’s receipt of written notice thereof; (d) the 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 the Buyer under this Agreement to which it or its predecessor was a party by operation of law or pursuant to an agreement reasonably satisfactory to the Seller; and, (e) the Buyer becomes Bankrupt or there occurs and is a continuation of (i) a default, event of default or other similar condition or event in respect of the Buyer under one or more agreements or instruments, individually or collectively, relating to indebtedness for borrowed money in an aggregate amount of not less than $10,000,000.00, which results in such indebtedness becoming, or becoming capable at such time of being declared, immediately due and payable or (ii) a default by the Buyer in making on the due date therefore one or more payments, individually or collectively, in an aggregate amount of not less than $1,000,000.00.