Lessor Remedies. Subject to Section 17.3(a), whenever during the Lease Term any Lessee Event of Default shall have occurred and be continuing, Lessor may, upon written notice to Lessee, declare this Facility Lease to be in default, and at any time thereafter, so long as all outstanding Lessee Events of Default shall not have been remedied, Lessor may take any one or more of the following actions as Lessor in its sole discretion shall elect, to the extent permitted by and subject to compliance with any mandatory requirements of applicable Law:
Appears in 4 contracts
Samples: Washington I Facility Lease Agreement (Wisconsin Electric Power Co), Assignment and Assumption Agreement (Wisconsin Energy Corp), Assignment and Assumption Agreement (Wisconsin Energy Corp)
Lessor Remedies. Subject to Section 17.3(a15.3(a), whenever during the Lease Term any Lessee Event of Default shall have occurred and be continuingcontinuing during the Lease Term, Lessor may, upon written notice to Lessee, declare this Facility Lease to be in default, and at any time thereafter, so long as all outstanding Lessee Events of Default shall not have been remedied, Lessor may take any one or more of the following actions as Lessor in its sole discretion shall elect, to the extent permitted by by, and subject to compliance with with, any mandatory requirements of applicable Law:
Appears in 3 contracts
Samples: Facility Lease Agreement (Mge Energy Inc), Facility Lease Agreement (Madison Gas & Electric Co), Facility Lease Agreement (Madison Gas & Electric Co)
