Damages on Default Clause Samples

Damages on Default. It should be noted that where, either as a result of the audit pursuant to Section 14 or by disclosure of the installation status of Fonts by Licensee itself, unauthorized reproduction of Fonts are found to exist, Licensee shall pay Morisawa at least the amount paid for each Font license (e.

Damages on Default. If the Landlord retakes possession under Paragraph 13.4, the Landlord has the following rights: 13.5.1. The Landlord is entitled to the rent and additional rent that is due and unpaid during the remainder of the Term, and those payments will become due immediately, and will be paid up to the time of the reentry, dispossession, or expiration, plus any expenses that the Landlord incurs for legal expenses, attorneys’ fees, brokerage costs, returning the Leased Premises to good order, and preparing it for re-rental, plus interest on rent and additional rent then due at the maximum interest rate permitted by law. 13.5.2. The Landlord is entitled to relet all or any part of the Leased Premises in the Landlord’s name or otherwise, for any duration, on any terms, including but not limited to any provisions for concessions or free rent, or for any amount of rent that is higher than that in this Lease. 13.5.3. The Landlord is entitled to liquidated damages to be paid in accordance with Paragraph 13.6 by the Tenant or the Tenant’s legal representative.

Damages on Default. In the event (subject to any adjustments detailed in this Agreement), Parent fails to deliver any element of the Merger Consideration within ten (10) business days of the applicable due date, (a) interest at a rate of ten percent (10%) per annum shall be applied to the amount of any past due cash payment and (b) interest at a rate of ten percent (10%) per annum based upon the value of any share consideration (calculated at the market closing price of the shares as of the due date for such delivery), until fully paid. In the event (a) Parent fails to make a required payment of Merger Consideration which goes uncured for a period of six (6) months from the date it is due, or (b) Parent materially fails to provide adequate financial support to GRA as provided for in section III.10 during the period of time when any portion of the Merger Consideration is still outstanding, then the Founders shall have the right, but not the obligation to re-purchase any cannabis-related licenses and permits held by GR prior to the Effective Date for their then fair market value. If the parties are unable to negotiate a mutually-agreed re-purchase price in good faith or through mediation, then they will appoint a mutually-agreed third-party valuation expert to determine such fair market value.

Damages on Default. In addition to the right to terminate this Agreement provided for in the immediately preceding Section 9, upon an uncured default by a Party of a material obligation of this Agreement, the non-defaulting party may recover from the defaulting Party actual damages incurred by the non-defaulting Party directly and proximately resulting from such default, but may not recover, punitive, incidental, or consequential monetary damages from the defaulting Party. In addition to the recovery of damages, the non-defaulting Party also may recover from the defaulting Party its costs of collecting such damages from the defaulting party, including reasonable attorneys' fees.

Damages on Default. Upon default I must pay all of the rent for the rest of the term. I must also pay all other outstanding charges in accordance with this Agreement. I must pay your actual damages, including reasonable legal fees, the cost(s) of re-entering, re-letting, cleaning and repairing the Property and recovering all money which I owe you.

Damages on Default