Default and Damages. 11.1 It is an act of default if:-
Default and Damages. Where either the Lessor or the Lessee defaults on the stipulations of this Agreement, the other party may rescind this Agreement by providing written notice to the defaulting party. Either party may request from the other party damages incurred as a result of the rescission of this Agreement, and unless there is a separate agreement for damages, the contract price shall be the standard for damages.
Default and Damages. 23.1 Any one or more of the following events shall constitute an event of default hereunder ("Event of Default" or "Default"):
Default and Damages. (a) Any of the following occurrences or acts shall constitute an event of default under this lease:
Default and Damages. Article 15 Within the term of this Agreement, any of the following events shall be deemed as a breach of agreement by Party A:
Default and Damages. Where either the Sublessor or Sublessee defaults on the stipulations of this Agreement, the other party may rescind this Agreement by providing written notice to the defaulting party. Either party may request from the other party damages incurred as a result of the rescission of this Agreement, and unless there is a separate agreement for damages, the contract price shall be the standard for damages.
Default and Damages. 7.1 A party shall compensate the other party for any direct and indirect economic losses caused as a result of any breach of this Agreement by such party.
Default and Damages. As to any default, Authority shall have all other rights and remedies as provided by law, including without limitation the right to recover damages from Airline in the amount necessary to compensate Authority for damages caused by Airline, for the direct costs incurred and caused by Airline’s failure to perform its obligations under this Agreement, and for any other damages which in the ordinary course would be likely to result from a default of this Agreement.
Default and Damages. In the event that rental payments are not paid as agreed upon or Xxxxxx fails to strictly abide with any of the terms of this Lease, Lessor may, at its option, initiate legal action as provided under the laws of the State of Michigan. In such case Lessee, as additional rent, promises to pay Lessor an amount equal to any filing fee, service fee, judgment fee, attorney fee allowed by law, or other court cost incurred by Xxxxxx. Xxxxxx agrees to strictly abide by all terms of this lease, and any violation of the terms of this Lease, including but not limited to nonpayment of rent, shall be construed as a material breach of this Lease. In the event that Lessor exercised its option to terminate the Lease under such circumstances, the Lessee will continue to pay rent until the premises is re-rented. Lessor promises that it will use its best efforts to re-rent the premises during the remainder of the term above specified to mitigate or reduce that amount of rent owed by Xxxxxx during the remainder of the term.
Default and Damages. 22. Parking ......................................................................................... 23.
