Purchaser Default definition

Purchaser Default has the meaning set forth in Section 12.2 (a).

Purchaser Default means the failure by the Purchaser to deliver and pay the Purchase Price to be paid pursuant to this Agreement.

Purchaser Default means the failure by the Purchasers to deliver and pay the Purchase Price to be paid pursuant to this Agreement.

Examples of Purchaser Default in a sentence

• Purchaser and Seller acknowledge that the damages to Seller resulting from a Purchaser Default would be difficult, if not impossible, to ascertain with any accuracy, and that the liquidated damage amount set forth in this Section 11.2 represents both parties’ reasonable efforts to approximate such potential damages.

• In the event that Seller terminates this Agreement pursuant to this Section 11.2, then, in addition to retention of the Deposit, Seller shall be entitled to an amount equal to $100,000.00 as liquidated damages, and not as a penalty, for the Purchaser Default (“Liquidated Damages”).

• The Power Producer shall take all actions reasonably necessary to ensure that the System is capable of providing Solar Power at a commercially reasonable continuous rate: Subject to there being no Purchaser Default, the Power Producer 'shall provide 24 x 7 offsite / offsite monitoring and maintenance of the System throughout the period of this agreement at no additional cost.

• If a Purchaser Default described in Sections 12.2 (a) has occurred and is continuing, in addition to other remedies expressly provided herein, and subject to Section 13, the Power Producer shall be entitled to terminate this Agreement by serving a fifteen (15) days’ notice and upon such termination, (A) the Power Producer shall be entitled to receive from Purchaser the Purchase Price.

More Definitions of Purchaser Default

Purchaser Default has the meaning set forth in Section 11.2(a).

Purchaser Default has the meaning set forth in Section 25.2(a).

Purchaser Default shall have the meaning specified in Section 11.2.

Purchaser Default has the meaning set forth in Section 11.2(a). “Purchaser Indemnified Parties” has the meaning set forth in Section 16.1. “Renewal Term” has the meaning set forth in Section 2.1. “Representative” has the meaning set forth in Section 15.1.

Purchaser Default means a breach of a representation or warranty made by Purchaser or a breach by Purchaser of a covenant, agreement or other obligation set out in this Agreement resulting in a non-fulfillment of the conditions set out in subclauses 12.2(b) and 12.2(c);

Purchaser Default has the meaning provided in Section 15.1.

Purchaser Default has the meaning set forth in Section 12.2 of this Agreement.