Remedies for Payment Default Sample Clauses

Remedies for Payment Default. If a Payment Default occurs, the Non-Defaulting Party may suspend performance of its obligations under this Agreement. Further, the Non-Defaulting Party may (A) at any time during the continuation of the Default Event, terminate this Agreement upon five (5) days prior written notice to the Defaulting Party, and (B) pursue any remedy under this Agreement, at law or in equity, including an action for damages.
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Remedies for Payment Default. If a Payment Default occurs, the Non-Defaulting Party may suspend performance of its obligations under this Agreement; however, if Seller is the Non-Defaulting Party, it agrees not to disconnect the System and suspend delivery of Energy to Customer when school and/or summer school, or other educational programs are in session. Further, the Non- Defaulting Party may (A) at any time during the continuation of the Default Event, terminate this Agreement upon five days prior written notice to the Defaulting Party, and (B) pursue any remedy under this Agreement, at law or in equity, including an action for damages.
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Remedies for Payment Default. If a Payment Default occurs, Seller may suspend performance of its obligations under this Agreement. Further, Seller may pursue any remedy under this Agreement, at law or in equity, including without limitation an action for damages and termination of this Agreement. . In the event Seller elects to suspend performance, Purchaser shall compensate Seller for all Lost Seller Revenues for the duration of such suspension.
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Remedies for Payment Default. In the event that Purchaser fails to make any payment as required in this Agreement other than pursuant to the set-off rights under Section 9.6 above, and after proper notice and an opportunity to cure the default as set forth below, the contractual rights as set forth in the SR Agreement shall revert back to a company, Register.sr, Inc., controllex xx xxx Xxllers as designated by the Sellers. Upon exercise of Sellers' reversion rights hereunder, Purchaser shall take reasonable measures to transfer the SR Agreement to Register.sr, Inc. Prior to xxx xxxxxxxon of contractual rights as described hereunder, Sellers shall provide Purchaser with notification of default and will further provide Purchaser thirty (30) days from the date upon which the notice is sent by Sellers to cure the default. In the event of a reversion under this Section 9.7, any and all liabilities and Losses for any and all breaches by or claims against Purchaser under this Agreement, including pursuant to Purchaser's indemnification obligations under Section 9.3 of this Agreement, shall be fully satisfied by such reversion and Purchaser shall have no further liability under this Agreement thereafter; provided, however, Sellers may continue to recover the Purchase Price, payment of which shall be deemed accelerated and immediately due and owing in its entirety upon default of the Purchaser as set forth herein.
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Remedies for Payment Default. Upon the occurrence of any Base Rent Payment Default, Security Deposit Payment Default, Purchase Price Payment Default or Bankruptcy Default (collectively, the "PAYMENT DEFAULT") and at any time thereafter so long as Tenant shall not have remedied all outstanding Payment Defaults, Landlord may do one or more of the following as Landlord may in its sole discretion elect (provided, that with respect to any Base Rent Payment Default or Purchase Price Payment Default, so long as Tenant satisfies the Minimum Coverage Ratio, Landlord may only exercise the remedies set forth below with respect to the Premises to which such Base Rent Payment Default or Purchase Price Payment Default relates):
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Remedies for Payment Default. If a Payment Default occurs (other than an amount that is subject to a good faith dispute), a Non-Defaulting Party may suspend performance of its obligations under this Agreement. Further, a Non-Defaulting Party may pursue any remedy under this Agreement, at law or in equity, including an action for damages (not including consequential or punitive damages) and termination of this Agreement, upon ten (10) days’ prior written notice to the Defaulting Party following the Payment Default; provided, however, the Defaulting Party may revoke such termination if it pays the amount due and payable under this Agreement within such ten (10) day period. For the avoidance of doubt, this expressly includes any damages resulting from DOER 225 CMR 20.06.
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Related to Remedies for Payment Default

  • REMEDIES IN EVENT OF DEFAULT Upon the occurrence of an Event of Default, at the option of the Lessor, which may be exercised at any time after an Event of Default shall have occurred, the Lessor shall have all rights and remedies available to it, at law or in equity, including, without limitation, all of the rights and remedies under the Development Documents and the Lease Documents. Subject to the requirements of applicable law, all materials at that time on or near the Leased Property which are the property of the Developer and which are to be used in connection with the completion of the Project shall be subject to the Liens created by the Development Documents. In addition to, and without limitation of, the foregoing, the Lessor is authorized, at the Lessor's option, which may be exercised from time to time, (a) to offset all amounts expended hereunder by the Lessor to complete the construction of the Project and/or exercise any of its other remedies hereunder against any portion of the Development Fee due hereunder and (b) to charge all money expended for completion of the Project against sums hereunder which have not already been advanced (even if the aggregate amount of such sums expended and all amounts previously advanced hereunder exceed the amount of the Project Funds which the Lessor has agreed to advance hereunder); and the Lessee agrees to pay to the Lessor Rent under the Facility Lease, calculated, in part, thereunder based upon all sums advanced hereunder (including, without limitation, all sums expended in good faith by the Lessor in connection with the completion of the Project), and, in addition thereto, the Lessee agrees to pay to the Lessor (as Rent under the Facility Lease), for services in connection with said completion of the Project, such additional sums as shall compensate the Lessor for the time and effort the Lessor and its employees shall have expended in connection therewith. The Lessor is authorized, but not obligated in any event, to do all such things in connection with the construction of the Project as the Lessor, in its sole and absolute discretion, may deem advisable, including, without limitation, the right to make any payments with respect to any obligation of the Developer to the Lessor or to any other Person in connection with the completion of construction of the Project and to make additions and changes in the Project Plans to employ contractors, subcontractors and agents and to take any and all such action, either in the Lessor's own name or in the name of the Developer, and the Developer hereby grants the Lessor an irrevocable power of attorney to act in its name in connection with the foregoing. This power of attorney, being coupled with an interest, shall be irrevocable until all of the Development Obligations are fully paid and performed and shall not be affected by any disability or incapacity which the Developer may suffer and shall survive the same. The power of attorney conferred on the Lessor by the provisions of this Section 11 is provided solely to protect the interests of the Lessor and shall not impose any duty on the Lessor to exercise any such power and neither the Lessor nor such attorney-in-fact shall be liable for any act, omission, error in judgment or mistake of law, except as the same may result from its gross negligence or wilful misconduct. Notwithstanding the foregoing, the Lessee and the Developer acknowledge and agree that, in the event that the Lessor takes possession of the Leased Property and assumes control of the Project as aforesaid, the Lessor shall not be obligated to continue the construction of the Project for any period of time longer than the Lessor shall see fit (in its sole and absolute discretion), and the Lessor may thereafter, at any time, abandon its efforts and refuse to make further payments for the account of the Project, whether or not the Project has been completed. In addition, at the Lessor's option and without demand, notice or protest, the occurrence of any Event of Default shall also constitute a default under any one or more of the Related Party Agreements.

  • Remedies for Default (a) Enterprise Services’ rights to suspend and terminate Contractor’s rights under this Master Contract are in addition to all other available remedies.

  • Events of Default Remedies on Default Events of Default . Each of the following shall be an "Event of Default" if it occurs for any reason whatsoever, whether voluntary or involuntary, by operation of law or otherwise:

  • Event of Default Remedies 8.1 Any one or more of the following acts or omissions of the Contractor shall constitute an event of default hereunder (“Event of Default”):

  • Remedies Upon Event of Default If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions:

  • Remedies for Events of Default If an Event of Default, as defined in the Indenture, occurs and is continuing, the Trustee or the Holders of not less than 25% in principal amount of the Notes then outstanding may declare all the Notes to be immediately due and payable. If a bankruptcy or insolvency default with respect to the Company or any of its Significant Subsidiaries occurs and is continuing, the Notes automatically become immediately due and payable. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations, Holders of at least a majority in principal amount of the Notes then outstanding may direct the Trustee in its exercise of any trust or power.

  • Remedies Upon an Event of Default If an Event of Default shall have occurred and shall be continuing, the Holder of this Note may at any time at its option, declare the entire unpaid principal balance of this Note, together with all interest accrued hereon, due and payable, and thereupon, the same shall be accelerated and so due and payable; provided, however, that upon the occurrence of an Event of Default described in Section 3.1(f), without presentment, demand, protest, or notice, all of which are hereby expressly unconditionally and irrevocably waived by the Borrower, the outstanding principal balance and accrued interest hereunder shall be automatically due and payable. In addition, if an Event of Default shall have occurred and be continuing, the Holder may exercise or otherwise enforce any one or more of the Holder’s rights, powers, privileges, remedies and interests under this Note or applicable law and institute such actions or proceedings in law or equity as it shall deem expedient for the protection of its rights and may prosecute and enforce its claims against all assets and property of the Borrower, and in connection with any such action or proceeding shall be entitled to receive from the Borrower, payment of the principal amount of this Note plus accrued interest to the date of payment plus reasonable expenses of collection, including, without limitation, attorneys' and experts' fees and expenses. No course of delay on the part of the Holder shall operate as a waiver thereof or otherwise prejudice the right of the Holder. No remedy conferred hereby shall be exclusive of any other remedy referred to herein or now or hereafter available at law, in equity, by statute or otherwise.

  • Rights and Remedies Upon Event of Default Upon and after an Event of Default, the Administrative Agent shall have the following rights and remedies on behalf of the Secured Parties in addition to any rights and remedies set forth elsewhere in this Security Agreement or the other Loan Documents, all of which may be exercised with or, if allowed by law, without notice to a Grantor:

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