Examples of Purchaser Damages Event in a sentence
Following a Purchaser Damages Event, but prior to payment of the Purchaser Termination Fee, Western shall be deemed to hold such applicable payment in trust for Purchaser.
Following a Purchaser Damages Event, but prior to payment of the Purchaser Termination Fee, Western shall be deemed to hold such applicable payment in trust for Purchaser.
Purchaser Default has the meaning set forth in Section 11.2(a).
Buyer Indemnified Party has the meaning set forth in Section 8.2.
Purchaser Indemnified Person is defined in Section 5.1 of the Sale Agreement.
Daily Delay Damages means with respect to a Guaranteed Project Milestone, an amount equal to (a) the Project Development Security Amount posted as of the first date that Daily Delay Damages are payable under this Agreement with respect to such Guaranteed Project Milestone, divided by (b) 120.
Liquidated Damages Amount has the meaning set forth in Section 2(e) hereof.
Purchaser Indemnified Parties has the meaning set forth in Section 8.2.
Buyer Indemnified Parties has the meaning set forth in Section 8.2.
Delay Damages means the damages assessed pursuant to Section 3.2(a) hereof.
Seller Indemnified Party has the meaning set forth in Section 7.2.
Actual Damages has the meaning set forth in Section 12.4(C).
Indemnifiable Damages shall have the meaning set forth in Section 9.1 herein.
Buyer Indemnified Persons has the meaning set forth in Section 8.2.
Special Damages shall have the meaning as set forth in Section 5.07.
Seller Default has the meaning set forth in Section 11.2.
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:
Seller Indemnified Parties has the meaning set forth in Section 8.1.