Buyer Default definition

Buyer Default refers to nonpayment of the Xxxxxxx Money in accordance with the provisions of this Agreement (including nonpayment or dishonor of any check delivered for the Xxxxxxx Money) and/or the failure of this transaction to close due to nonperformance, breach and/or default with respect to the Buyer’s obligation(s) under this Agreement. In the event of a Buyer Default, the following provisions shall apply:

Buyer Default means an Event of Default of Buyer.

Buyer Default is defined in Section 12.2.

Examples of Buyer Default in a sentence

• The Buyer shall reimburse the Seller on written demand for any costs or losses sustained or incurred by the Seller arising directly or indirectly from the Buyer Default.

• Buyer agrees that 10% of the purchase price is fairly proportionate to the amount of Seller’s damages due to a Buyer Default, which damages would otherwise be uncertain and difficult to ascertain.

• In the event of a Buyer Default, Buyer agrees to sign and deliver a release of the Xxxxxxx Money for payment of the liquidated damages due Seller and, if Buyer fails to do so, Seller shall have the right to recover (in addition to any other recovery) attorney’s fees and other expenses thereafter incurred by Seller in seeking to enforce any right or remedy.

• Xxxxx agrees that 10% of the purchase price is fairly proportionate to the amount of Seller’s damages due to a Buyer Default, which damages would otherwise be uncertain and difficult to ascertain.

• In the event of a Buyer Default, Xxxxx agrees to sign and deliver a release of the Xxxxxxx Money for payment of the liquidated damages due Seller and, if Buyer fails to do so, Seller shall have the right to recover (in addition to any other recovery) attorney’s fees and other expenses thereafter incurred by Seller in seeking to enforce any right or remedy.

More Definitions of Buyer Default

Buyer Default as the meaning set forth in Section 8.01

Buyer Default means any breach by the Buyer of its obligations under Schedule 2, 3 or 4.

Buyer Default is defined in Section 9.2.

Buyer Default shall have the meaning set forth in SECTION 3.5.1.

Buyer Default means any failure by the Buyer to carry out works or provide services or authorize the Seller to carry out works (relating to their authorization which affect the works) or provide utility supplies, following due and proper attendance by the Seller in making arrangement for such works or utility supplies and complying with the requirements of the Buyer in respect of such arrangement;

Buyer Default means an Event of Default of Buyer. “Buyer Dispatched Test” has the meaning in Section 4.9(c).

Buyer Default means Buyer’s failure to timely perform a material obligation of Buyer under this Agreement within five (5) business days following written notice from Seller describing Buyer’s failure to perform. In the event of a Buyer Default, Seller, as its sole and exclusive remedy, may terminate this Agreement.