Owner Event of Default definition

Owner Event of Default shall have the meaning set forth in Section 18.3.
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Owner Event of Default has the meaning indicated in Section 12.
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Owner Event of Default has the meaning specified in Section 16.2.
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Examples of Owner Event of Default in a sentence

  • 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).

  • No Owner Event of Default shall be deemed waived unless in writing and signed by Customer.

  • In the event of a Owner Event of Default, Manager shall have the right to institute any and all proceedings permitted by law or equity, including, without limitation, actions for specific performance and/or damages, provided except as expressly provided in this Agreement, Manager shall have no right to terminate this Agreement by reason of a Owner Event of Default.

  • Where in this Credit Agreement any matter is subject to the consent or approval of the Lender.

  • The cost of preparing the Final Statement shall be a Deduction, unless the termination occurs as a result of a Manager Event of Default or a Owner Event of Default, in which case the defaulting party shall pay such cost.


More Definitions of Owner Event of Default

Owner Event of Default shall have the meaning set forth in Section 12.3 hereof
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Owner Event of Default means any one or more of the following events or circumstances:
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Owner Event of Default. As defined in Section 13.3.
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Owner Event of Default shall have the meaning set forth in Section 9.2(a). “Owner’s Property” shall have the meaning set forth in Section 7.5. “Owner’s Representative” shall have the meaning set forth in Section 7.3. “Party” and “Parties” shall have the meanings set forth in the preamble.
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Owner Event of Default has the meaning set forth in Section 15.3.
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Owner Event of Default shall exist and ▇▇▇▇▇▇ shall have the following remedies, which shall be cumulative rather than exclusive: ● the right to terminate this Agreement, and the grant of the Lease hereunder, which termination right may be exercised by written notice by ▇▇▇▇▇▇ to Owner, and which termination shall be effective as of the date of such notice; ● the right to immediately enter upon and repossess the Designated Item Space and all appurtenances thereto, by forcible entry and detainer suit, or otherwise; ● the right to remove Owner’s Item (and any personal property then inside Owner’s Item from its mooring, and to store Owner’s Item (and such personal property), with all risk of loss belonging solely to Owner, and with no liability whatsoever to Marina, and with all costs of storage being deemed to be including among the past due Monthly Rental under this Agreement; ● the right to make any required repairs to the Designated Item Space, or to expend any other sums required to cure any defaults by Owner under this Agreement, with all such sums expended being deemed to be included among the past due Rental under this Agreement; ● the right to terminate Owner’s rights of possession with regard to the Designated Item Space and all appurtenances thereto, without demand or notice of any kind an without terminating this Agreement, in which event ▇▇▇▇▇▇ ▇▇▇, but shall be under no obligation to, relet all or any part of the Designated Item Space for credit to Owner’s account, on such terms and conditions as ▇▇▇▇▇▇ in its sole discretion shall deem appropriate; and ● the right to exercise ▇▇▇▇▇▇’s rights under the Michigan Uniform Commercial Code with regard to the security interest granted to ▇▇▇▇▇▇ in the Secured Property. In the event of any Owner Event of Default, ▇▇▇▇▇▇ shall have the right to recover from Owner, whether by way of sale of the Secured Property, or by means of execution and levy on a judgment, or by means of voluntary payment by Owner, or by some combination thereof: (a) all Rental that is past due, including any late payment fees due in connection therewith, (b) all Rental to come due during the remainder of the Term (assuming that ▇▇▇▇▇▇ has not terminated this Agreement and the Lease hereunder), (c) ▇▇▇▇▇▇’s reasonable and necessary attorneys’ fees and costs of court, (d) pre-judgment at the lesser of 8% per annum or the maximum allowed by law, and
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Owner Event of Default means, in relation to a Chargor, any of the following:
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