Examples of Seller Event of Default in a sentence
During such Extended Cure Period, the Agent shall keep the AEDB apprised of the Lenders’ or their designee’s efforts to cure such Seller Event of Default.
In the event of a termination of this Agreement for a Seller Event of Default, prior to the Commercial Operations Date, the Seller shall reimburse the GOP for all costs and expenses (including reasonable attorneys’ fees and expenses) relating to the Project incurred by the GOP prior to the termination, which amount in any event shall not exceed one hundred and fifty thousand Dollars ($150,000).
The failure to perform any material covenant, obligation, term or condition of this Agreement (except to the extent constituting a separate Event of Default), where such breach is not remedied within five (5) Business Days of Notice of such breach by the Non-Defaulting Party; provided that an occurrence of Demonstrated Capacity for a type of Product being less than Product Monthly Quantity for such type of Product in a Showing Month shall not be a Seller Event of Default.
The Notice of Intent to Terminate shall specify in reasonable detail the Seller Event of Default or the GOP Event of Default, as the case may be, giving rise to such notice.