Common use of Default by the Authority Clause in Contracts

Default by the Authority. In the event of any default by the Authority under any covenant, agreement, or obligation of this Loan Agreement, the Governmental Agency's remedy for such default shall be limited to injunction, special action, action for specific performance, or any other available equitable remedy, designed to enforce the performance or observance of any duty, covenant, obligation, or agreement of the Authority hereunder, as may be necessary or appropriate. The Authority shall on demand pay to the Governmental Agency the reasonable fees and expenses of attorneys, and other reasonable expenses, in the enforcement of such performance or observation.

Default by the Authority. In the event of any default by the Authority under any duty, covenant, agreement, agreement or obligation of this Loan Agreement, the Governmental Agency's ’s remedy for such default shall be limited to injunction, special action, action for specific performance, performance or any other available equitable remedy, remedy designed to enforce the performance or observance of any duty, covenant, obligation, obligation or agreement of the Authority hereunder, hereunder as may be necessary or appropriate. The Authority shall on demand pay to the Governmental Agency the reasonable fees and expenses of attorneys, attorneys and other reasonable expenses, expenses in the enforcement of such performance or observation.