Buyer’s Default definition

Buyer’s Default has the meaning specified in § 8.5(b);

Buyer’s Default has the meaning specified in § 8.5(b); "Невиконання Зобов’язань Покупцем" має значення, що наведене в підпункті 8.5(b);

Buyer’s Default is defined in Section 3.1(b)(i).

Examples of Buyer’s Default in a sentence

• The "Buyer's Default Top-up" is an amount calculated against the possibility of a negative System Marginal Sell Price (SMP Sell), as defined by National Grid in the Network Code.

• The "Buyer's Default Top-up" is an amount calculated against the possibility of costs or charges arising from the balancing regime under the NCG Rules.

• The "Buyer's Default Top-up" is calculated by reference to System Sell Price (SSP), as defined by the BSC.

• Buyer's Security is calculated by reference to the relevant Market Delivery Settlement Price (EDSP) plus a "Buyer's Default Top-up".

• Seller's Security and Buyer's Default Top up Note: in the event of a failed delivery, the Clearing House may retain Buyer's Security and/or Seller's Security.

• The "Buyer's Default Top-up" is an amount calculated against the possibility of costs or charges arising from the balancing regime under the GASPOOL Rules.

• Buyer's Security Buyer's Security is calculated by reference to the relevant MDSP plus a "Buyer's Default Top-up".

• If, for any reason for which the Seller is not responsible, the Buyer fails to receive delivery within such period, the Seller may, by written notice to the Buyer, terminate the Contract in respect of that part of the Product which is ready for delivery but has not been delivered due to the Buyer's Default.

• Seller's Security and Buyer's Default Top upNote: in the event of a failed delivery, the Clearing House may retain Buyer's Security and/or Seller's Security.

• Buyer's Security is calculated by reference to the relevant Market Delivery Settlement Price (MDSP) plus a "Buyer's Default Top-up".

More Definitions of Buyer’s Default

Buyer’s Default means, either (i) the failure of Buyer to close the transaction contemplated by this Agreement on the Closing Date or (ii) the failure of Buyer to satisfy each of the conditions to Seller's obligation to close set forth in Section 4.1.1, 4.1.2, 4.1.3, or 4.1.4

Buyer’s Default means a default of the Buyer in the manner described in clause 6.12.

Buyer’s Default means a Default by a Buyer.

Buyer’s Default means a failure by Buyer (or its agents) to perform Buyer’s obligations hereunder, and includes an Event of Default of Buyer.

Buyer’s Default means the Buyers' failure to make a payment of any Instalment as required under the terms of this Agreement unless payment is made within three (3) Business Days of its due date.