NOTICE OF DEFAULT TO BUYER Sample Clauses

The "Notice of Default to Buyer" clause establishes the seller's right and procedure to formally notify the buyer if they fail to meet their contractual obligations, such as missing payments or not fulfilling agreed-upon actions. Typically, this clause outlines the method and timeframe for delivering the notice, and may specify the buyer's opportunity to remedy the default within a certain period. Its core function is to ensure clear communication of breaches, provide the buyer a chance to cure the default, and protect the seller's interests by creating a formal process for addressing non-compliance.
NOTICE OF DEFAULT TO BUYER. If Buyer commits a Buyer Event of Default, prior to exercising any remedy granted by this Contract or by law, Builder shall deliver written notice of such default to Buyer. If the Buyer Event of Default is not cured within fifteen (15) days after delivery of such written notice (Buyer’s Cure Period), Builder may exercise any remedy subject to the terms of this Contract.
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NOTICE OF DEFAULT TO BUYER. If Buyer commits a Buyer Event of Default, prior to exercising any remedy granted by this Contract or by law, Builder shall deliver written notice of such default to Buyer. If the Buyer Event of Default is not cured within fifteen (15) days after delivery of such written notice (“Buyer's Cure Period”), Builder may exercise any remedy subject to the terms of this Contract. Upon the occurrence of a Buyer Event of Default, all amounts owed for Work completed will, at the option of the Builder, after any notice or Buyer's Cure Period, become immediately due and payable without prejudice to any other remedy of the Builder.
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NOTICE OF DEFAULT TO BUYER. If Buyer commits a Buyer Event of Default, prior to exercising any remedy granted by this Contract or by law, Builder shall deliver written notice of such default to Buyer. If the Buyer Event of Default is not cured within seven (7) days after delivery of such written notice (Buyer’s Cure Period), Builder may exercise any remedy subject to the terms of this Contract. Upon the occurrence of a Buyer Event of Default, all amounts owed for any upgrades, options, extras or Change Orders will, at the option of the Builder, after expiration of Buyer’s Cure Period, become immediately due and payable without prejudice to any other remedy of the Builder.
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NOTICE OF DEFAULT TO BUYER. Seller will provide Buyer with ---------------------------- written notice of any default under this Agreement, and in the case of a monetary default, Buyer shall have ten business days from receipt of such notice to cure the default provided that, in the case of a nonmonetary default which cannot be cured within two business days, Buyer shall have a reasonable period of time to cure the default if Buyer commences to cure such default within ten business days after notice and continues to diligently cure such default until cured.
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Related to NOTICE OF DEFAULT TO BUYER

  • Notice of Default, etc Promptly after the Borrower knows that any Default or any Material Adverse Effect has occurred, a notice of such Default or Material Adverse Effect, describing the same in reasonable detail and the action the Borrower proposes to take with respect thereto.

  • Notice of Defaults If a Default or Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to Holders of Notes a notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium, if any, or interest on any Note, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the Notes.

  • Notice of Default The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless the Administrative Agent has received notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders.

  • Notice of Default or Event of Default promptly, and in any event within five days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(f), a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto;

  • Notice of Defaults and Events of Default As soon as possible and in any event within ten (10) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto;