Purchaser Material Breach definition

Purchaser Material Breach shall have the meaning ascribed to it in Section 10.1(e).
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Purchaser Material Breach has the meaning given in clause 11.1.5;
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Examples of Purchaser Material Breach in a sentence

  • If this Agreement is terminated by either or both Parties pursuant to Section 7.1.1 (Mutual Consent), Section 7.1.2 (Law), Section 7.1.4 (Purchaser Material Breach), Section 7.1.6 (Firm Date) (if due solely to a Seller Non- Fault Event or a Purchaser Non-Fault Event), Section 7.1.7 (Closing Date) (if due solely to a Seller Non-Fault Event or a Purchaser Non-Fault Event), or Section 7.1.8 (Purchaser Bankruptcy), then Purchaser shall promptly return the Seller’s Letter of Credit to Seller.

  • Purchaser's or Classic's failure to so increase the Deposit on or before such date shall be deemed to be a Purchaser Material Breach.

  • Section 6.1(d)(ii) of the Purchaser Disclosure Schedule sets forth a correct and complete list of each Contract and License of Purchaser and its Subsidiaries pursuant to which a consent or waiver is required prior to consummation of the transactions contemplated by this Agreement, the Investment Agreement, the Transfer Restriction Agreement, the Registration Rights Agreement and the Financing Documents in order to avoid the occurrence of a Purchaser Material Breach under such Contract or License.

  • The parties agree that it would be speculative, impractical and extremely difficult to determine or estimate the damage that would be suffered by Sellers in the event that the Closing does not occur as a result of a Purchaser Material Breach.