Purchaser Default definition

Purchaser Default has the meaning set forth in Section 11.2(a).

Purchaser Default means the failure by the Purchaser to deliver and pay the Purchase Price to be paid pursuant to this Agreement.

Purchaser Default has the meaning set forth in Section 13.3.

Examples of Purchaser Default in a sentence

• The Power Producer shall take all actions reasonably necessary to ensure that the System is capable of providing Solar Power at a commercially reasonable continuous rate: Subject to there being no Purchaser Default, the Power Producer 'shall provide 24 x 7 offsite / offsite monitoring and maintenance of the System throughout the period of this agreement at no additional cost.

• Subject to Section 10.19, the Purchaser agrees that, in the event of a Purchaser Default, the Company shall be entitled to all remedies available at law and at equity, including to enforce rights of damages and/or specific performance pursuant to Section 10.18.

• If the Closing does not occur because of a Purchaser Default, Purchaser and the Sellers agree that it would be impractical and extremely difficult to estimate the damages which the Sellers may suffer.

• All of the claims to damages or other remedies as a result of a Purchaser Default are expressly waived by the Sellers.

• On any Purchase Date, so long as a Purchaser Default shall not have occurred and be continuing, Purchaser has the option to purchase the System for a purchase price (the “Option Price”) equal to the greater of (a) the Fair Market Value of the System as of the Purchase Date, or (b) the Early Termination Fee as of the Purchase Date, as specified in Schedule 3, Column 2 of the Special Conditions.

More Definitions of Purchaser Default

Purchaser Default has the meaning set forth in Section 25.2(a).

Purchaser Default has the meaning set forth in Section 11.2(a). “Purchaser Indemnified Parties” has the meaning set forth in Section 16.1. “Renewal Term” has the meaning set forth in Section 2.1. “Representative” has the meaning set forth in Section 15.1.

Purchaser Default shall have the meaning specified in Section 11.2.

Purchaser Default. Shall have the meaning given to it in Section 17.01.

Purchaser Default means a breach of a representation or warranty made by Purchaser or a breach by Purchaser of a covenant, agreement or other obligation set out in this Agreement resulting in a non-fulfillment of the conditions set out in subclauses 12.2(b) and 12.2(c);

Purchaser Default has the meaning set forth in Section 12.2 of this Agreement.

Purchaser Default means a material breach or default by Purchaser in any of its representations, warranties, covenants or obligations under this Agreement, to the extent such breach or default is not caused by a Seller Default and (except for a breach or default under Sections 3.2.1, 3.3 and 16.4, or a failure to make any material delivery set forth in Section 10.3.2 required to be made by Purchaser at Closing, which in each case shall have the cure period set forth in Section 13.9) which breach or default is not cured within ten (10) Business Days after Purchaser’s receipt of written notice of such breach or default from Seller.