Common use of Default by Customer Clause in Contracts

Default by Customer. 25.1. Each of the following occurrences constitutes an event of default: 25.1.1. the Customer breaches any term of these Sales Terms (including non-payment to Chevron when due), and fails to remedy that breach within seven (7) days of being given notice by Chevron to do so; 25.1.2. the Customer being a natural person, commits an act of bankruptcy within the meaning of Bankruptcy Law; 25.1.3. the Customer is insolvent within the meaning of the Corporations Act and/or is subject to a petition, order, or meeting called, for the Customer to be wound up, deregistered or dissolved; 25.1.4. a receiver or administrator under Part 5.3A of the Corporations Act is appointed to all or part of the Customer’s property; 25.1.5. the entering of a scheme of arrangement (other than for re-structuring) by the Customer for the benefit of creditors; 25.1.6. the Customer ceases or threatens to cease the carrying on its business.

Default by Customer. 25.126.1. Each of the following occurrences constitutes an event of default: 25.1.126.1.1. the Customer breaches any term of these Sales Terms (including non-non- payment to Chevron Mt ▇▇▇▇▇▇ Glass when due), and fails to remedy that breach within seven (7) days of being given notice by Chevron Mt ▇▇▇▇▇▇ Glass to do so; 25.1.226.1.2. the Customer being a natural person, commits an act of bankruptcy within the meaning of Bankruptcy Law; 25.1.326.1.3. the Customer is insolvent within the meaning of the Corporations Act and/or is subject to a petition, order, or meeting called, for the Customer to be wound up, deregistered or dissolved; 25.1.426.1.4. a receiver or administrator under Part 5.3A of the Corporations Act is appointed to all or part of the Customer’s property; 25.1.526.1.5. the entering of a scheme of arrangement (other than for re-re- structuring) by the Customer for the benefit of creditors; 25.1.626.1.6. the Customer ceases or threatens to cease the carrying on its business.

Default by Customer. 25.126.1. Each of the following occurrences constitutes an event of default: 25.1.126.1.1. the Customer breaches any term of these Sales Terms (including non-payment to Chevron when due), and fails to remedy that breach within seven (7) days of being given notice by Chevron to do so; 25.1.226.1.2. the Customer being a natural person, commits an act of bankruptcy within the meaning of Bankruptcy Law; 25.1.326.1.3. the Customer is insolvent within the meaning of the Corporations Act and/or is subject to a petition, order, or meeting called, for the Customer to be wound up, deregistered or dissolved; 25.1.426.1.4. a receiver or administrator under Part 5.3A of the Corporations Act is appointed to all or part of the Customer’s property; 25.1.526.1.5. the entering of a scheme of arrangement (other than for re-structuring) by the Customer for the benefit of creditors; 25.1.626.1.6. the Customer ceases or threatens to cease the carrying on its business.

Default by Customer. 25.126.1. Each of the following occurrences constitutes an event of default: 25.1.126.1.1. the Customer breaches any term of these Sales Terms (including non-non- payment to Chevron Construction Glazing when due), and fails to remedy that breach within seven (7) days of being given notice by Chevron Construction Glazing to do so; 25.1.226.1.2. the Customer being a natural person, commits an act of bankruptcy within the meaning of Bankruptcy Law; 25.1.326.1.3. the Customer is insolvent within the meaning of the Corporations Act and/or is subject to a petition, order, or meeting called, for the Customer to be wound up, deregistered or dissolved; 25.1.426.1.4. a receiver or administrator under Part 5.3A of the Corporations Act is appointed to all or part of the Customer’s property; 25.1.526.1.5. the entering of a scheme of arrangement (other than for re-re- structuring) by the Customer for the benefit of creditors; 25.1.626.1.6. the Customer ceases or threatens to cease the carrying on its business.