Default and Repossession. If the Customer
Default and Repossession. If the debtor defaults on a secured loan, the creditor may have the right to take possession of the collateral. This section discusses that process.
Default and Repossession. In the event County shall default in making any Monthly payment due or in performing any other obligation required to be performed by County and if such default remains uncured for a period of sixty (60) days after written notice from Contractor, then Contractor shall have, among its other rights, the right to terminate this Contract and repossess the Equipment. In the event of termination, Contractor shall have the right to enter County’s premises for the purposes of such repossession and County hereby consents to such entry in 10 working days of termination or expiration of this Contract or as mutually agreed in writing between Contractor and County. Contractor shall notify County ten (10) days prior to de-installation and shall only remove Equipment during normal County business hours.
Default and Repossession. In the event that the Sublessee fails to pay any rent or other amount due hereunder, or any part thereof, when the same are due and payable, or shall otherwise be in default of any other terms of this Sublease for a period of more than fifteen (15) days, after receiving notice of said default, then the Parties expressly agree that Live Action may declare this Sublease terminated and may immediately re-enter the Premises and take possession of the same together with any of Sublessee’s personal property, equipment or fixtures left on the Premises which items may be held by Live Action as security for Sublessee’s eventual payment and/or satisfaction of rental defaults or other defaults of Sublessee under this Sublease. If Sublessee is in default, then Live Action is entitled to take any and all action to protect Live Action’s interest in the personal property and equipment, to prevent the unauthorized removal of said property or equipment which threatened action would be deemed to constitute irreparable harm and injury to Live Action in violation of its security interest in said items of personal property. Furthermore, in the event of default, Live Action may expressly undertake all reasonable preparations and efforts to release the Premises including, but not limited to, the removal of all inventory, equipment or leasehold improvements of Sublessee’s, at the Sublessee’s expense, without the need to first procure an order of any court to do so, although obligated in the interim to undertake reasonable steps and procedures to safeguard the value of Sublessee’s property, including the storage of the same, under reasonable terms and conditions at Sublessee’s expense, and, in addition, it is understood that Live Action may xxx Sublessee for any damages or past rents due and owing and may undertake all and additional legal remedies then available.
Default and Repossession. If the customer. (a) permits or commits a breach of any term or condition of this Agreement (b) allows any of its assets or the Equipment to be seized to satisfy other debts (c) is a company and an order is made or resolution is passed or any other steps taken for the winding up of the Customer (d) enters into or takes any steps to enter into a scheme of arrangement composition or assignment for the benefit of its creditors generally (e) commits an act of bankruptcy or is adjudged a bankrupt (f) has a receiver appointed to the Customer or the Customer is deemed to be unable to pay its debts as they fall due (g) has any execution order or distress levied upon any of its property or the Equipment (h) does at causes to be done or permits or suffers any act or thing which prejudices or jeopardises Vidcom NZ’s rights in the Equipment
Default and Repossession. The Borrower agrees that upon breach of or default in, any of the terms and conditions of this Agreement, or if, in the opinion of KCSWCD, the Front Runner is being damaged in excess of ordinary wear and tear, KCSWCD may terminate this Agreement and without demand or notice take immediate possession of, and remove the Front Runner, without thereby becoming liable in any way for damages for trespass or otherwise, and without thereby waiving any claim KCSWCD may have for compensation for injury to, or loss of, the Front Runner, for any cause whatsoever and Attorney’s Fees, and expense incurred in returning the Front Runner, all of which the Borrower agrees to pay forthwith.
Default and Repossession. Time is of the essence in Customer’s performance under this Agreement (including each Order). In the event Customer shall default on an obligation hereunder and if such default remains uncured for a period of ten (10) days after written notice from ICS, then ICS shall have, among its other rights, the right to immediately terminate its obligations hereunder and demand payment of all amounts due and to become due from Customer, whereupon all such amounts shall become immediately due and payable and subject to interest as set forth in Section 4.2. ICS is also hereby authorized, without notice or demand, in a lawful manner and without breaching the peace, to enter any premises where the Equipment may be found and take possession and/or disable the Equipment. If ICS takes possession of all the Equipment at such time, all further rights and interests of Customer in the Equipment and under this Agreement shall terminate. No remedy hereunder shall be exclusive of any other remedy provided for herein or by law. The breach of any provision of this Agreement by ICS shall not be a defense to Customer’s obligation to return the Equipment or the remedies of repossession and disablement set forth herein.
