Common use of Default of Seller Clause in Contracts

Default of Seller. The provisions of FAR 52.249-8 as in effect on the date of this order are incorporated in this paragraph by reference as follows: Subparagraphs (a), (b), (e), and (f), except for the third sentence thereof, (g) and (h). Where necessary to make this FAR part applicable to this purchase order, “Contractor” shall mean “Seller”, “Contracting Officer” shall mean “Buyer” and “Government” shall mean “Buyer” or the “Government”. If bankruptcy, insolvency, dissolution, receivership or equivalent proceedings be instituted by or against Seller, upon Xxxxxx’s making any assignment for the benefit of creditors or entering into any such arrangement or upon Seller’s becoming insolvent, Xxxxx shall have the right to terminate this purchase order in accordance with FAR 52.249-8.

Default of Seller. The provisions of FAR 52.249-8 as in effect on the date of this order are incorporated in this paragraph by reference as follows: Subparagraphs (a), (b), (e), ) and subparagraph (f), except for the third sentence thereof, (g) and (h). Where necessary to make this FAR part applicable to this purchase order, “"Contractor” " shall mean “"Seller”", “"Contracting Officer” " shall mean “"Buyer” " and “"Government” " shall mean “"Buyer” " or the “"Government”". If bankruptcy, insolvency, dissolution, receivership or equivalent proceedings be instituted by or against Seller, upon Xxxxxx’s 's making any assignment for the benefit of creditors or entering into any such arrangement or upon Seller’s 's becoming insolvent, Xxxxx shall have the right to terminate this purchase order in accordance with subparagraph (a) of FAR 52.249-8.