Seller Breach definition

Seller Breach shall have the meaning described in Section 3.6 hereof.

Seller Breach is defined in Section 10.1(a) of this Agreement.

Seller Breach means any of the following:

Examples of Seller Breach in a sentence

• The antitumour agent 5, 6-dimethylxanthenone-4-acetic acid acts in vitro on human mononuclear cells as a co-stimulator with other inducers of tumour necrosis factor.

• With respect to each aircraft which is a Future Incline Asset, if before delivery, an Incline Seller Breach or Incline Total Loss Event occurs (any such aircraft, an “Incline Affected Aircraft”), Incline Purchasing Entity has the option to request in writing for AACL to replace such Incline Affected Aircraft (the “Incline Replacement Notice”).

• Purchaser shall indemnify and hold Parent Seller and/or the respective Seller Subsidiary harmless from and against all losses incurred by Parent Seller and/or respective Seller Subsidiary in defending a Third Party Claim if and to the extent that such Third Party Claim or their underlying facts do not constitute a Seller Breach.

• To the extent that such Seller Breach consists in the existence of a liability, Purchaser’s right to demand restitution in kind shall include the right to demand a full indemnification with respect to such liability.

• In the event that after Closing Purchaser obtains knowledge of a Seller Breach, Purchaser shall within sixty (60) days after discovery of the existence of a Guarantee Claim notify a Seller providing Purchaser’s reasoning for a potential claim as well as a description of the underlying facts in reasonable detail and an estimate of the claimed amount (the “Breach Notice”).

More Definitions of Seller Breach

Seller Breach has the meaning assigned to such term in Section 6.01.

Seller Breach has the meaning set forth in Section 10.7.

Seller Breach has the meaning set forth in Section 9.2(a) herein.

Seller Breach means a material breach by Seller of its obligations or its representations and warranties under this Agreement or the Sale Documents. For the avoidance of doubt, a “Seller Breach” shall include, without limitation, failure of the Aircraft to be in the Delivery Condition at the Delivery Location on the Closing Date unless caused by an event of Force Majeure.

Seller Breach means a breach of any of the representations and warranties of the Seller as referred to in Section ‎7 or any breach by the Seller of the other provisions of this Agreement.

Seller Breach or "Buyer Breach", as the case may be, under Section 8.1 hereof, and (z) as a result of such breach the other party's obligation to close under the Agreement would be excused. The notifying party shall have no right to cure any breach for which notice has been given under this Section 7.12(b). No notice given (or any failure to give notice) pursuant to this Section 7.12(b) shall have any effect on any right or remedy to which any party may be entitled under this Agreement, including any rights under Sections 8.1 and 8.2(c) hereof, provided that if (A) such breach -------- would, in the case of a Seller Breach, have a Material Adverse Effect or, in the case of a Buyer Breach, have a material adverse effect on the ability of the Seller or the Owners to consummate the transactions contemplated by this Agreement without material delay and (B) the recipient party elects to close notwithstanding that the condition to its obligation to close as a result of such breach has not been satisfied, then, except in the case of fraud or intentional and wrongful breach of a representation, warranty, covenant or agreement, (I) the recipient party shall have no rights or remedies hereunder by reason of such breach and (II) any such representation or warranty by the notifying party or parties, or any Disclosure Schedule applicable thereto, shall be deemed to be amended (effective as of the date of this Agreement) to the extent necessary to reflect the information provided in such notice. If any notice is provided under this Section 7.12(b) less than thirty (30) days prior to the Closing Date, the recipient of such notice shall have the unilateral right to extend the date of Closing (and the Outside Date under Section 8.1(b) hereof) up to the date which is thirty (30) days from the date such notice is received by the recipient.

Seller Breach shall have the meaning set forth ------------- in Section 8.1(f). "Seller Intellectual Property" shall have the ---------------------------- meaning set forth in Section 2.12(c).