Common use of Default by Licensor Clause in Contracts

Default by Licensor. If the Licensor fails or refuses to make the Facilities and/or the Authorized Areas available to the Licensee on the dates set forth in this Agreement for any reason other than those specified in Section 8.4 and 8.10 above, then, in addition to any claims, rights or remedies the Licensee may have, the Licensor shall return to the Licensee all monies paid to the Licensor along with interest on those monies at the rate of eighteen percent (18%) per annum from the date the monies were remitted to the Licensor.

Appears in 1 contract

Samples: Facilities Rental Agreement (Applied Business Telecommunications)

AutoNDA by SimpleDocs

Default by Licensor. If the Licensor fails or refuses to make the Facilities and/or the Authorized Areas available to the Licensee on the dates set forth in this Agreement for any reason other than those specified specifies in Section Sections 8.4 and 8.10 above, then, in addition to any claims, rights or remedies the Licensee may have, the Licensor shall return to the Licensee all monies paid to the Licensor along with interest on those monies at the rate of eighteen percent (18%) per annum from the date the monies were remitted to the Licensor.

Appears in 1 contract

Samples: Facilities License Agreement (Applied Business Telecommunications)

Default by Licensor. If the Licensor fails or refuses to make the Facilities and/or the Authorized Areas available to the Licensee on the dates set forth in this Agreement for any reason other than those specified specifies in Section 8.4 and 8.10 above, then, in addition to any claims, rights or remedies the Licensee may have, the Licensor shall return to the Licensee all monies paid to the Licensor along with interest on those monies at the rate of eighteen percent (18%) per annum from the date the monies were remitted to the Licensor.

Appears in 1 contract

Samples: Facilities License Agreement (Applied Business Telecommunications)

Default by Licensor. If the Licensor fails or refuses to make the Facilities and/or the Authorized Areas available to the Licensee on the dates set forth in this Agreement for any reason other than those specified in Section Sections 8.4 and 8.10 above, then, in addition to any claims, rights or remedies the Licensee may have, the Licensor shall return to the Licensee all monies paid to the Licensor along with interest on those monies at the rate of eighteen percent (18%) per annum from the date the monies were remitted to the Licensor.

Appears in 1 contract

Samples: Facilities License Agreement (Applied Business Telecommunications)

AutoNDA by SimpleDocs

Default by Licensor. If the Licensor fails or refuses to make the Facilities and/or the Authorized Areas available to the Licensee on the dates set forth in this Agreement for any reason other than those specified specifies in Section Sections 8.4 and 8.10 above, then, in addition to any claims, rights or on remedies the Licensee may have, the Licensor shall return to the Licensee all monies paid to the Licensor along with interest on those monies at the rate of eighteen percent (18%) per annum from the date the monies were remitted to the Licensor.

Appears in 1 contract

Samples: Contract (Applied Business Telecommunications)

Time is Money Join Law Insider Premium to draft better contracts faster.