Common use of Default by Owner Clause in Contracts

Default by Owner. Upon an Event of Default by Owner, and subject to the cure provisions in Section 8.1 above, the Grantee shall be entitled to (i) specific performance of this Agreement together with reimbursement of all reasonable costs and expenses incurred by the Grantee to obtain specific performance, or (ii) if Owner shall have taken any action which would preclude the availability of specific performance of Owner’s obligations hereunder, Grantee shall be entitled to all remedies at law and in equity.

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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