Common use of EVENTS OF DEFAULT AND EARLY TERMINATION Clause in Contracts

EVENTS OF DEFAULT AND EARLY TERMINATION. 5.01 Events of Default 12 5.02 Early Termination by the Purchaser 13 5.03 Calculation of Termination Payment 13 5.04 Surety Bond 14 5.05 The Purchaser's Failure to Accept Delivery 15

EVENTS OF DEFAULT AND EARLY TERMINATION. 5.01 Events of Default 12 11 5.02 Early Termination by the Purchaser 13 12 5.03 Calculation of Termination Payment 13 5.04 Surety Bond 14 13 5.05 The Purchaser's Failure to Accept Delivery 1515 6.01 Events of Change 15 6.02 Accelerated Termination 16 6.03 Payments on Accelerated Termination 16