Common use of Expenses Upon Default Clause in Contracts

Expenses Upon Default. In the event of any action to enforce this Agreement, Seller hereby waives the defense that there is an adequate remedy at law. In the event of a default by a party hereto (the "Defaulting Party") which results in the filing of a lawsuit for damages, specific performance, or other remedy the other party (the "Nondefaulting Party") shall be entitled to reimbursement by the Defaulting Party of reasonable legal fees and expenses incurred by the Nondefaulting Party in the event the Nondefaulting Party prevails.

Expenses Upon Default. In the event of any action to enforce this Agreement, Seller hereby waives the defense that there is an adequate remedy at law. In the event of a default by a party hereto (the "Defaulting Party") which results in the filing of a lawsuit for damages, specific performance, or other remedy the other party (the "Nondefaulting Party") shall be entitled to reimbursement by the Defaulting Party of reasonable legal fees and expenses incurred by the Nondefaulting Party in the event the Nondefaulting Party prevails.