Purchaser’s Default definition

Purchaser’s Default means that the Purchaser breached its representations, warranties, covenants, or agreements under this Agreement, or failed or is unable to consummate the purchase of the Property by the Closing Date. The Seller may, no later than ten (10) days after receiving actual knowledge of the Purchaser’s Default, give the Purchaser written notice electing one of the following options:

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Purchaser’s Default has the meaning set forth in Section 10.2.

Purchaser’s Default means a default of the Purchaser in the manner described in Clause 6.13.

Examples of Purchaser’s Default in a sentence

• The Service Provider undertakes the due return of the Purchaser Property and as such is liable for all loss of, or damage to, the Purchaser Property (excluding wear and tear), unless such loss or damage was caused or contributed to by the Purchaser’s Default.

• Any Equipment brought onto the Purchaser’s premises: remains the property of the Service Provider; and is at the Service Provider’s own risk and the Purchaser has no liability for any loss of or damage to the Equipment unless the Service Provider is able to demonstrate that such loss or damage was caused or contributed to by the Purchaser’s Default.

• If Seller’s default continues uncured for more than 20 days after Seller’s receipt of Purchaser’s Default Notice, then Purchaser may terminate this Agreement, in which event Purchaser will be entitled to a return of an amount equal to the sum of the ▇▇▇▇▇▇▇ Money and Upgrade Payment, if any, which will be Purchaser’s sole and exclusive remedy.

• The retention of the bidder’s deposit shall not limit any rights or remedies of Auctioneer or Seller with respect to Purchaser’s Default.

• Any recordation or attempted recordation by Purchaser shall constitute a Purchaser’s Default.

More Definitions of Purchaser’s Default

Purchaser’s Default has the meaning set forth in Section 10.2 of this Agreement.

Purchaser’s Default. Shall have the meaning set forth in Section 2.5(a) of this Contract.

Purchaser’s Default. As defined in Section 15.4(d) hereof.

Purchaser’s Default means the breach by the Purchaser of a material covenant, condition or agreement in this Agreement or any other act or omission on the part of the Purchaser which prevents Closing from occurring.

Purchaser’s Default. Purchaser's Default" has the meaning set forth in clause (2) of Section 9.14(a) "Rights To Terminate."

Purchaser’s Default. As defined in Section 10.01(a).

Purchaser’s Default means: (i) except in circumstances where Purchaser’s failure or refusal to comply with items (A), (B) or (C) below in this Section 1.1(69) is as a result of any of Purchaser’s conditions precedent in Section 5.1 not having been complied with or not having been waived by Purchaser in the manner set out in Section 5.1, the failure by or refusal of Purchaser to: (A) comply in all material respects with all of the terms, covenants and conditions of this Agreement to be performed or complied with by Purchaser at or prior to the Closing Date; (B) tender or cause to be tendered to Vendor all amounts required to be paid by Purchaser at the time of Closing; or (C) deliver or cause to be delivered to and in favour of Vendor each of the deliveries required to be delivered by Purchaser in accordance with and pursuant to Section 6.3; or (ii) a material breach, as of or prior to the Closing Date, of any of Purchaser’s representations and warranties set forth in Section 8.1;