Purchaser Default definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Purchaser Default has the meaning set forth in Section 13.3.

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

Examples of Purchaser Default in a sentence

• 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.

• On any Purchase Date, so long as a Purchaser Default shall not have occurred and be continuing, Purchaser has the option to purchase the System for a purchase price (the “Option Price”) equal to the greater of (a) the Fair Market Value of the System as of the Purchase Date, or (b) the Early Termination Fee as of the Purchase Date, as specified in Schedule 3, Column 2 of the Special Conditions.

• All of the claims to damages or other remedies as a result of a Purchaser Default are expressly waived by the Sellers.

• If the Closing does not occur because of a Purchaser Default, Purchaser and the Sellers agree that it would be impractical and extremely difficult to estimate the damages which the Sellers may suffer.

• Subject to Section 10.19, the Purchasers agree that, in the event of a Purchaser Default, the Company shall be entitled to all remedies available at law and at equity, including to enforce rights of damages and/or specific performance pursuant to Section 10.18.

More Definitions of Purchaser Default

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

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

Purchaser Default shall have the meaning set forth in Section 10.1.

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 has the meaning specified in Section 19.3.

Purchaser Default means a breach of a representation or warranty made by Purchaser in section 4.4 or a breach by Purchaser of a covenant or agreement contained in this Agreement;

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