Buyer Default definition
Buyer Default means an Event of Default of Buyer.
Buyer Default refers to nonpayment of the ▇▇▇▇▇▇▇ Money in accordance with the provisions of this Agreement (including nonpayment or dishonor of any check delivered for the ▇▇▇▇▇▇▇ Money) and/or the failure of this transaction to close due to nonperformance, breach and/or default with respect to the Buyer’s obligation(s) under this Agreement. In the event of a Buyer Default, the following provisions shall apply:
Buyer Default is defined in Section 12.2.
Examples of Buyer Default in a sentence
In the event that each of the Buyer’s Conditions Precedent set forth in Section 7(a) is not fulfilled by the Outside Closing Date, or such earlier time period as provided for herein or waived by Buyer pursuant to Section 7(c), and provided there is no Buyer Default under this Agreement, Buyer may at its option terminate this Agreement and the Escrow opened hereunder.
In the event of a Buyer Default, Seller, as its sole and exclusive remedy, may terminate this Agreement.
As of the Closing, there shall be no Buyer Default under this Agreement.
More Definitions of Buyer Default
Buyer Default is defined in Section 9.2.
Buyer Default means any breach by the Buyer of its obligations under Schedule 2, 3 or 4.
Buyer Default shall have the meaning set forth in SECTION 3.5.1.
Buyer Default means a failure by Buyer (or its agents) to perform Buyer’s obligations hereunder, and includes an Event of Default of Buyer.
Buyer Default as the meaning set forth in Section 8.01
Buyer Default means Buyer’s failure to timely perform a material obligation of Buyer under this Agreement within five (5) business days following written notice from Seller describing Buyer’s failure to perform. In the event of a Buyer Default, Seller, as its sole and exclusive remedy, may terminate this Agreement.
Buyer Default means a failure by ▇▇▇▇▇ (or its agents) to perform Buyer’s obligations hereunder, and includes an Event of Default of Buyer.