Common use of Purchaser Events of Default Clause in Contracts

Purchaser Events of Default. The occurrence of any one or more of the following shall constitute an Event of Default of Purchaser (“Purchaser Event of Default”): a. The failure by Purchaser to perform any material obligations under this Agreement, unless such failure is caused by a Force Majeure Event or Seller Event of Default; provided, however, such failure continues for [fifteen (15)] Business Days after Seller shall have given Notice demanding that such failure to perform be cured; or b. Failure of Purchaser to pay undisputed amounts due and owing to Seller under this Agreement in accordance with the applicable timeframes specified in this Agreement; provided, however, Seller shall have given Notice of any such non- payment to Purchaser after the due date and at least [thirty (30)] Business Days before Seller exercises its rights under this Section 12.2(b).

Appears in 2 contracts

Sources: Solar Power Purchase Agreement, Solar Power Purchase Agreement

Purchaser Events of Default. The occurrence of any one or more of the following shall constitute an Event of Default of Purchaser (“Purchaser Event of Default”): a. (a) The failure by Purchaser to perform any material obligations under this Agreement, unless such failure is caused by a Force Majeure Event or Seller Event of Default; provided, however, such failure continues for [fifteen (15)] ) Business Days after Seller shall have given Notice demanding that such failure to perform be cured; or b. (b) Failure of Purchaser to pay undisputed amounts due and owing to Seller under this Agreement in accordance with the applicable timeframes specified in this Agreement; provided, however, Seller shall have given Notice of any such non- non-payment to Purchaser after the due date and at least [thirty (30)] Business Days before Seller exercises its rights under this Section 12.2(b).thirty

Appears in 1 contract

Sources: Solar Power Purchase Agreement Services