Examples of Event of Seller Default in a sentence
If an Event of Seller Default or an Event of Servicer Default shall occur, Residential Funding may, at its option, exercise one or more of those remedies set forth in the Guides.
In the case of Event of Seller Default as set forth in Section 17.1(c), Purchaser shall be entitled to such Liquidated Damages plus other amounts as associated with the termination.
The provisions of Article XXVI hereof notwithstanding, and without limitation of Purchaser's rights under Article X for those Liquidated Damages paid or due prior to an Event of Seller Default, if an Event of Seller Default shall have occurred and be continuing, Purchaser or its assignee shall have the right to terminate this Agreement in whole or in part by delivery of a Notice of termination to Seller, in addition to any rights and remedies that may be available at law or in equity or as provided herein.
Unless the Agreement is sooner terminated as a result of an Event of Seller Default or by notice from Seller, as provided in the Agreement, the Termination Date of the Agreement is September 28th, 2002.
If an Event of Seller Default or an Event of Servicer Default shall occur, [ ] may, at its option, exercise one or more of those remedies set forth in the Guides.
Upon the occurrence and continuation of any Event of Seller Default under Clause 8.1, the Procurer shall have the right to deliver to the Seller a notice of their intention to terminate this Agreement (Procurer Preliminary Default Notice), which shall specify in reasonable detail, the circumstances giving rise to the issue of such notice.
If an Event of Seller Default or an Event of Servicer Default shall occur, [_______________] may, at its option, exercise one or more of those remedies set forth in the Guides.
If an Event of Seller Default shall occur, Buyer may elect either to enforce this Agreement by an action for specific performance or to receive from Seller the amount of $100,000.00 as liquidated damages, as Buyer's sole and exclusive remedy.
Purchaser hereby agrees that it will not unreasonably withhold its consent to such sale(s) if, and only if, at the time of such sale: (i) the portion of Seller's Customer Base subject to the sale does not relate in any way to any Purchased Receivables, and (ii) no Event of Seller Default exists.
Except upon the occurrence of the Event of Seller Default, Buyer agrees that Buyer shall not (and hereby waives any right to) ever file or assert any lis pendens against the Premises nor commence or maintain any action against Seller for specific performance under this Agreement nor for a declaratory judgment as to Buyer's rights under this Agreement.