Seller Event of Default. The occurrence and continuation of any of the following events, unless any such event occurs as a result of a Force Majeure Event or a breach by Procurer of its obligations under this Agreement, shall constitute a Seller Event of Default:
Seller Event of Default. Each of the following is also an “Event of Default” with respect to Seller, with Seller being the “Defaulting Party”:
Seller Event of Default. 19.4.1.1 If a Seller Event of Default has occurred and that Seller Event of Default has not been cured within the period specified in Clause 19.3, the Purchaser, in its sole discretion, may:
Seller Event of Default. A “Seller 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) Seller breaches a material term of this Agreement, and such breach is not cured within 60 Days following written notice from Buyer; or (ii) Seller 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.
Seller Event of Default. Each of the following shall constitute a “Seller Event of Default”, save to the extent excused by Clause 17 (Force Majeure) of this Agreement, or a NamPower Event of Default or an Event of Deemed Availability, or a NamPower Transmission Default, and shall entitle NamPower to issue a Notice of Intention to Terminate to the Seller: prior to the Commercial Operation Date, the Seller abandons construction of the Power Plant for a consecutive period of more than ninety (90) days, without NamPower's prior written consent, which shall not be unreasonably refused or delayed; following the Commercial Operation Date, the Seller abandons the operation of the Power Plant for a consecutive period of more than thirty (30) days, without NamPower's prior written consent, which shall not be unreasonably refused or delayed; the Seller fails to cause the Commercial Operation Date to occur by the date falling six (6) months after the Target Commercial Operation Date excluding in the event that the Commercial Operation Date did not occur due to any reason not attributable to the Seller; a default is caused by the Seller under the Transmission Connection Agreement and is not remedied within the period, if any, specified for remedy for such breach in the Transmission Connection Agreement and the Transmission Connection Agreement is terminated; the transfer of the Seller’s rights or obligations under this Agreement, which are not permitted under Clause 23 (Cession and Assignment) of this Agreement, excluding a transfer to an Affiliate and/or a wholly owned subsidiary; the liquidation or insolvency of the Seller, except for any frivolous or vexatious petitions for winding up or insolvency or any petition for the winding up or insolvency of the Seller which is discharged, stayed or dismissed within 60 (sixty) days of commencement thereof, or, if earlier, the date on which it is advertised; the Seller is in material breach of its obligations under this Agreement and fails to remedy such breach within sixty (60) days of receipt of the notice of breach, provided that if such failure cannot be remedied by the Seller within such period of sixty (60) days with the exercise of reasonable diligence, then such cure period shall be extended by mutual agreement for an additional reasonable period of time (not to exceed a further sixty (60) days), so long as such failure is capable of being remedied with the exercise of reasonable diligence and the Seller is exercising reasonable diligence to ...
Seller Event of Default. In the event the GOP terminates this Agreement pursuant to Section 14.1(a) as a result of a Seller Event of Default (other than a failure to timely complete a Restoration pursuant to Section 15.9(d) of the Energy Purchase Agreement), the GOP or its designee shall have the right, but shall not be required, to acquire all of the Seller’s rights, title and interests in and to the Complex; provided, however, that if the GOP elects to acquire the Complex, the GOP or its designee will acquire the Complex and simultaneously pay the Seller the Compensation Amount set forth in Row 1 of Part I of Schedule 2 (Compensation Amounts) in accordance with the payment provisions set out in Section 15.5 (
Seller Event of Default. The occurrence and continuation of any of the following events, unless any such event occurs as a result of a Force Majeure Event, shall constitute Seller Event of Default:
Seller Event of Default. The term shall have the meaning set forth in Section 10.2.
Seller Event of Default. Immediately upon any officer or manager of Seller becoming aware of the occurrence of any default or event of default by any Borrower under the Loan Documents, a certificate of an authorized officer or manager of Seller setting forth the details thereof and, the action which Seller proposes to take with respect thereto; and
Seller Event of Default. A Seller Event of Default shall occur under this Agreement upon the occurrence of any of the following events (severally “Seller Event of Default” and collectively “Seller Events of Default”):
