Purchaser’s Default definition

Purchaser’s Default means that the Purchaser breached its representations, warranties, covenants, or agreements under this Agreement, or failed or is unable to consummate the purchase of the Property by the Closing Date. The Seller may, no later than ten (10) days after receiving actual knowledge of the Purchaser’s Default, give the Purchaser written notice electing one of the following options:

Purchaser’s Default has the meaning set forth in Section 10.2.

Purchaser’s Default means a default of the Purchaser in the manner described in Clause 6.13.

Examples of Purchaser’s Default in a sentence

• The retention of the bidder’s deposit shall not limit any rights or remedies of Auctioneer or Seller with respect to Purchaser’s Default.

• The remedy set forth in the preceding provisions of this Section 12.1(b) shall be Seller’s sole and exclusive remedy, at law or in equity, for a Purchaser’s Default; provided, however, that this provision shall not limit Purchaser’s indemnification of Seller in Section 6.2 above.

• If Seller’s default continues uncured for more than 20 days after Seller’s receipt of Purchaser’s Default Notice, then Purchaser may terminate this Agreement, in which event Purchaser will be entitled to a return of an amount equal to the sum of the Xxxxxxx Money and Upgrade Payment, if any, which will be Purchaser’s sole and exclusive remedy.

• Seller will have 20 days from Seller’s receipt of Purchaser’s Default Notice to cure any default.

• Any recordation or attempted recordation by Purchaser shall constitute a Purchaser’s Default.

More Definitions of Purchaser’s Default

Purchaser’s Default has the meaning set forth in Section 10.2 of this Agreement.

Purchaser’s Default. Shall have the meaning set forth in Section 2.5(a) of this Contract.

Purchaser’s Default. As defined in Section 15.4(d) hereof.

Purchaser’s Default has the meaning set forth in clause (2) of Section 9.14(a) "Rights To Terminate."

Purchaser’s Default means a breach of a representation or warranty made by Purchaser in Clause 7.3 or a breach by Purchaser of a covenant or agreement in this Agreement.

Purchaser’s Default. As defined in Section 10.01(a).

Purchaser’s Default. This term shall have the meaning ascribed to it in Section 9.01 below.