Owner Event of Default definition
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.