Purchasers Default Sellers Remedies. a. Purchaser's Default. Purchaser shall be deemed to be in default hereunder upon the occurrence of one of the following events: (i) any of Purchaser's warranties or representations set forth herein shall be untrue in any material respect when made or at Closing; or (ii) Purchaser shall fail to meet, comply with, or perform any covenant, agreement or obligation on its part required within the time limits and in the manner required in this Agreement, which, in either of such events, is not cured by Purchaser within ten (10) days following receipt by Purchaser of written notice of default from Seller.
Appears in 2 contracts
Sources: Agreement of Sale and Purchase (Cca Prison Realty Trust), Agreement of Sale and Purchase (Cca Prison Realty Trust)