Common use of Owner Remedies upon O&M Contractor Event of Default Clause in Contracts

Owner Remedies upon O&M Contractor Event of Default. (i) Upon the occurrence and during the continuation of an O&M Contractor Event of Default, in addition to any or all other remedies available at law or at equity, all of which shall be cumulative, Owner may terminate this Agreement upon ten (10) days’ written notice to O&M Contractor. If any termination for cause by Owner pursuant to this Section 9.1(b) is ultimately determined to have been wrongful, then such termination shall be deemed a termination for an Owner Event of Default pursuant to Section 9.2(b), and O&M Contractor’s sole remedy shall be the receipt of the amounts set forth in Section 9.2(b).

Appears in 6 contracts

Samples: Operation and Maintenance Agreement, Operation and Maintenance Agreement, Operation and Maintenance Agreement

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