Common use of Seller’s Defaults Clause in Contracts

Seller’s Defaults. Seller shall be deemed to be in default hereunder if Seller shall fail to meet, comply with or perform any material covenant, agreement or obligation on its part required under this Contract or any warranty or representation shall become untrue when made or deemed to be made.

Appears in 2 contracts

Samples: Contract for Purchase and Sale of Real Estate, Contract for Purchase and Sale of Real Estate

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Seller’s Defaults. Seller shall be deemed considered to be in default hereunder if Seller shall fail fails to meet, comply with with, or perform any material covenant, agreement agreement, representation, warranty or obligation on its part required under within the time limits and in the manner required in this Contract or any warranty or representation shall become untrue when made or deemed to be madeContract, and such failure was not caused by Purchaser's default.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ml Macadamia Orchards L P), Asset Purchase Agreement (Ml Macadamia Orchards L P)

Seller’s Defaults. Seller shall be deemed to be in default hereunder if in the event Seller shall fail fails, for a reason other than Purchaser's default hereunder, to timely meet, comply with with, or perform any material covenant, agreement or obligation on its part required under within the time limits and in the manner required in this Contract Agreement, or there shall have occurred a material breach of any representation or warranty or representation shall become untrue when made or deemed to be madeby Seller.

Appears in 1 contract

Samples: Purchase and Sale and Joint Escrow Instructions (Direct Focus Inc)

Seller’s Defaults. Seller shall be deemed to be in default hereunder if in the event that any of Seller’ s representations hereunder are determined to be false or misleading in any material respect (other than due to circumstances as to which Section 4.03 would be applicable) or in the event Seller shall fail in any material respect to meet, comply with with, or perform any material covenant, agreement agreement, or obligation on its part required under within the time limits and in the manner required in this Contract or any warranty or representation shall become untrue when made or deemed to be madeAgreement.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Capital Senior Living Corp)

Seller’s Defaults. Seller shall be deemed to be in default hereunder if in the event Seller shall fail to meet, comply with with, or perform any material covenant, agreement or obligation on its part required under within the time limits and in the manner required in this Contract or any warranty or representation shall become untrue when made or deemed to be madeAgreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Rampart Capital Corp)

Seller’s Defaults. Seller shall be deemed to be in default hereunder if in the event Seller shall fail to meet, comply with with, or perform any material covenant, covenant agreement or obligation on its part required under within the time limits and in the manner required in this Contract or any warranty or representation shall become untrue when made or deemed to be madeAgreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Rampart Capital Corp)

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Seller’s Defaults. The Seller shall be deemed to be in default hereunder if in the event that the Seller shall fail to meet, comply with or perform observe any material covenant, agreement agreement, or obligation on its the Seller's part required under this Contract or any warranty or representation shall become untrue when made or deemed to be madeperformed within the time limits and in the manner required herein or in the event any of the conditions precedent described herein shall not have been complied with or waived by City.

Appears in 1 contract

Samples: agenda.okc.gov

Seller’s Defaults. Seller shall be deemed to be in default hereunder if Seller shall fail to meet, comply with or perform any material covenant, agreement or obligation on its part required under this Contract Agreement in the event Seller fails or refuses to perform Seller’s obligations under this Agreement for any warranty reason other than a default by Purchaser, or representation shall become untrue when made or deemed to be madea permitted termination by Seller under other provisions of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Spansion Inc.)

Seller’s Defaults. Seller shall be deemed to be in default hereunder if in the event that Seller shall fail to meet, comply with with, or perform any material covenant, agreement or obligation on its part required under within the time limits and in the manner required in this Contract Agreement for any reason other than a default by Purchaser hereunder or any warranty termination of this Agreement by either Seller or representation Purchaser pursuant to the terms and provisions hereof, and such failure shall become untrue when made or deemed to be madecontinue for ten (10) days after Seller’s receipt of written notice of such default from Purchaser.

Appears in 1 contract

Samples: Loan Purchase and Sale Agreement (Independent Bank Group Inc)

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