Remedial Rights Sample Clauses

Remedial Rights. In the event Borrower fails to provide, maintain, keep in force or deliver and furnish to Lender the Evidence of Insurance required by this Agreement or evidence of their renewal as required herein, Lender may, but shall not be obligated to, procure such insurance and Borrower shall pay all amounts advanced by Lender, together with interest thereon at the Default Rate from and after the date advanced by Lender until actually repaid by Borrower, promptly upon demand by Lender. Any amounts so advanced by Lender, together with interest thereon, shall be secured by the Security Instrument and by all of the other Loan Documents securing all or any part of the Indebtedness. Lender shall not be responsible for nor incur any liability for the insolvency of the insurer or other failure of the insurer to perform, even though Lender has caused the insurance to be placed with the insurer after failure of Borrower to furnish such insurance.
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Remedial Rights. Nothing contained in this article 5 shall be deemed to affect or impair the otherwise lawful rights of the Corporation to enforce its legal remedies against the Executive either during the period from the date hereof to the date the Executive ceases to be employed by the Corporation or at any time thereafter to prevent the Executive from approaching or soliciting any customer, supplier or employee of the Corporation with a view towards inducing such customer, supplier or employee to breach a contract between the Corporation and such customer, supplier or employee and to recover any damages resulting therefrom. Time shall not toll during any breach of the provisions of article 5.
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Remedial Rights. Section 1. All remedies, rights and elections of the Landlord, which are given by this lease, are in addition to and not in substitution for, nor exclusive of, the rights of action and causes of actionor other remedies that may be available to it at law or in equity or under any present or future statutes. In the event of a breach or threatened breach by the Tenant of any of the covenants hereof, the Landlord shall have the right of injunction and the right to invoke any remedy allowed at law or inequity, as if specific remedies, indemnity or reimbursement were not herein provided for.
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Remedial Rights. Nothing contained in this Agreement shall be deemed to affect or impair the otherwise lawful rights of the Corporation to enforce its legal remedies against the Founder at any time hereafter to prevent the Founder from approaching or soliciting any customer, supplier or employee of the Corporation with a view towards inducing such customer, supplier or employee to breach a contract between the Corporation and such customer, supplier or employee and to recover any damages resulting therefrom. Time shall not toll during any breach of the provisions of Agreement.
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Remedial Rights. Upon the occurrence of a Event of Default, --------------- the Landlord, at its election, may affirm all obligations of the Tenant under this Lease and pursue all appropriate legal proceedings to enforce such obligations or may terminate this Lease and pursue all appropriate legal proceedings to recover damages resulting from such termination. In either event, to the extent permitted by applicable law, the Landlord may reenter and repossess the Leased Premises and remove all persons or property from the Leased Premises. If the Landlord elects to terminate this Lease, then the Landlord shall make such efforts as are required under applicable law to mitigate damages by reletting the Leased Premises, or any part thereof, under such terms and conditions as the Landlord in his sole discretion deems advisable. The proceeds from such subletting shall be applied first to reimburse the Landlord for all costs incurred in preparing the Leased Premises for reletting, second to all costs incurred by the Landlord (including leasing commissions) in implementing that reletting, third to the payment of all amounts then due under this Lease. Any residual proceeds shall be applied against the future payment obligations of the Tenant under this Lease. The Tenant shall be liable for any deficiencies. All rights and remedies accorded to the Landlord hereunder shall be cumulative and shall be in addition to any and all other rights or remedies permitted under applicable law.
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Remedial Rights. Under any condition as stipulated under Section 7.1, the Landlord may give written notice to the Tenant requesting remedies to such Material Default(s) within the required period. Should such Material Default(s) has/have not been remedied within the time limit provided in a written notice has been served by the Landlord to the Tenant, the Landlord may further exercise all of the following rights (the “Remedial Rights”):
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Remedial Rights. Upon the occurrence of an Event of Default under this Security Agreement, the Shareholders, by written notice to the Buyer and the Company, may elect one or the other (but not both) of the following rights:
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Remedial Rights 
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Related to Remedial Rights

  • Remedial Actions Each Party will notify the other Parties immediately, and promptly confirm such notice in writing, if it obtains information indicating that any Licensed Product may be subject to any recall, corrective action or other regulatory action with respect to such product taken by virtue of Applicable Law (a “Remedial Action”). The Parties will assist each other in gathering and evaluating such information as is necessary to determine the necessity of conducting a Remedial Action. Each Party shall, and shall ensure that its Affiliates and sublicensees will, maintain adequate records to permit the Parties to trace the manufacture, distribution and use (to the extent possible) of the Licensed Products. As between the Parties, ZAI shall have sole discretion with respect to any matters relating to any Remedial Action for the Licensed Product in the ZAI Territory and TESARO shall have sole discretion with respect to any matters relating to any Remedial Action for the Licensed Product in the TESARO Territory. In the event that a Party determines that any Remedial Action with respect to the Licensed Product in its Territory should be commenced, or if Remedial Action is required by any Regulatory Authority having jurisdiction over the matter in its Territory, such Party will control and coordinate all efforts necessary to conduct such Remedial Action and shall be responsible for all cost and expense of such Remedial Action in its territory.

  • Remediation If Tenant becomes aware of a violation of any Legal Requirement relating to any Hazardous Substance in, on, under or about the Leased Property or any adjacent property, or if Tenant, Landlord or the Leased Property becomes subject to any order of any federal, state or local agency to repair, close, detoxify, decontaminate or otherwise remediate the Leased Property, Tenant shall immediately notify Landlord of such event and, at its sole cost and expense, cure such violation or effect such repair, closure, detoxification, decontamination or other remediation. If Tenant fails to implement and diligently pursue any such cure, repair, closure, detoxification, decontamination or other remediation, Landlord shall have the right, but not the obligation, to carry out such action and to recover from Tenant all of Landlord’s costs and expenses incurred in connection therewith.

  • Remedial Provisions Each Grantor covenants and agrees with the Administrative Agent and the other Secured Parties that, from and after the date of this Agreement until the Discharge of Obligations:

  • Remedial Actions Relating to Hazardous Materials Activities Borrower shall, in compliance with all applicable Environmental Laws, promptly undertake, and shall cause each of its Subsidiaries promptly to undertake, any and all investigations, studies, sampling, testing, abatement, cleanup, removal, remediation or other response actions necessary to remove, remediate, clean up or xxxxx any Hazardous Materials Activity on, under or about any Facility that is in violation of any Environmental Laws or that presents a material risk of giving rise to an Environmental Claim. If Borrower or any of its Subsidiaries undertakes any such action with respect to any Hazardous Materials, Borrower or such Subsidiary shall conduct and complete such action in compliance with all applicable Environmental Laws and in accordance with the policies, orders and directives of all federal, state and local Government Authorities except when, and only to the extent that, Borrower’s or such Subsidiary’s liability with respect to such Hazardous Materials Activity is being diligently contested in good faith and by appropriate proceedings by Borrower or such Subsidiary.

  • Remedial Action In response to the presence of any Hazardous Materials on, under or about the Property, Borrower shall immediately take, at Borrower’s sole expense, all remedial action required by any Hazardous Materials Laws or any judgment, consent decree, settlement or compromise in respect to any Hazardous Materials Claims.

  • Environmental Studies Promptly conduct and complete, at Borrower’s expense, all such investigations, studies, samplings and testings as may be requested by Lender or any governmental authority relative to any substance, or any waste or by-product of any substance defined as toxic or a hazardous substance under applicable federal, state, or local law, rule, regulation, order or directive, at or affecting any property or any facility owned, leased or used by Borrower.

  • Environmental and Safety Matters Except as disclosed in Schedule 4.13:

  • Remedial Work If any investigation, site monitoring, containment, clean-up, Restoration or other remedial work (“Remedial Work”) is necessary to comply with any Hazardous Materials Law or order of any Governmental Authority that has or acquires jurisdiction over the Mortgaged Property or the use, operation or improvement of the Mortgaged Property, or is otherwise required by Lender as a consequence of any Prohibited Activity or Condition or to prevent the occurrence of a Prohibited Activity or Condition, Borrower will, by the earlier of (i) the applicable deadline required by Hazardous Materials Law, or (ii) 30 days after Notice from Lender demanding such action, begin performing the Remedial Work, and thereafter diligently prosecute it to completion, and must in any event complete the work by the time required by applicable Hazardous Materials Law. If Borrower fails to begin on a timely basis or diligently prosecute any required Remedial Work, Lender may, at its option, cause the Remedial Work to be completed, in which case Borrower will reimburse Lender on demand for the cost of doing so. Any reimbursement due from Borrower to Lender will become part of the Indebtedness as provided in Section 9.02.

  • Environmental and Safety Laws To its knowledge, the Company is not in violation of any applicable statute, law or regulation relating to the environment or occupational health and safety, and to its knowledge, no material expenditures are or will be required in order to comply with any such existing statute, law or regulation.

  • Environmental Events The Borrower will give notice to the Agent within five (5) Business Days of becoming aware of (i) any potential or known Release, or threat of Release, of any Hazardous Substances in violation of any applicable Environmental Law; (ii) any violation of any Environmental Law that the Borrower, any Guarantor or any of their respective Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency or (iii) any inquiry, proceeding, investigation, or other action, including a written notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that in any case involves (A) a Mortgaged Property, (B) any other Real Estate and could reasonably be expected to have a Material Adverse Effect or (C) the Agent’s liens or security title on the Collateral pursuant to the Security Documents.

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