Additional Remedies in Event of Default Sample Clauses

Additional Remedies in Event of Default. Upon the occurrence and during the continuance of any Event of Default, (a) PharmaBio shall have the right to declare any unpaid amount of the Minimum Payment Obligation to be immediately due and payable, whereupon the same shall become immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived; (b) PharmaBio shall have the rights set forth in the Security Agreement; and (c) PharmaBio may elect to terminate any remaining portion of its Service Payments Obligation.
Sample 1Sample 2
AutoNDA by SimpleDocs
Additional Remedies in Event of Default. In addition to the remedies in events of default set forth in Paragraph 8 of the Agreement, an Event of Default hereunder shall constitute an event of default (howsoever described) under all other agreements and transactions between Party A or any affiliate of Party A and Party B or any affiliate of Party B and, upon any Event of Default with respect to Party B, Party A and any affiliate of Party A shall be entitled to
Sample 1
Additional Remedies in Event of Default. In addition to the remedies in events of default set forth in Paragraph 7 of the Agreement, an Event of Default hereunder shall constitute an event of default (howsoever described) under all other agreements and transactions between Party A or any affiliate of Party A and Party B or any affiliate of Party B and, upon any Event of Default with respect to Party B, Party A and any affiliate of Party A shall be entitled to (i) cancel and otherwise liquidate and close out any transaction under any other agreement or transaction between Party A or any affiliate of Party A and Party B or any affiliate of Party B without prior notice to Party B or any other party, whereupon Party B or the affiliate of Party B, as the case may be, shall be liable to Party A or the affiliate of Party A, as the case may be, for any resulting loss, damage, cost and expense, including loss equal to the amount Party A or the affiliate of Party A, as the case may be, would have to pay to enter into replacement transactions (whether or not Party A or the affiliate of Party A, as the case may be, enters into any such replacement transactions) and any damages resulting to Party A or any affiliate of Party A from entering into or terminating hedge transac- tion with respect thereto; (ii) set off any obligation under any transaction under any agreement between Party A or any affiliate of Party A and Party B (including any Transaction under this Agreement), including any payment or delivery obligation, of Party A or the affiliate of Party A, as the case may be, to Party B against any obligation under any transaction under any agreement between Party A or any affiliate of Party A and Party B (including any Transaction under this Agreement), including any payment or delivery obligation, of Party B to Party A or the affiliate of Party A, as the case may be; and (iii) set off any obligation under any transaction under any agreement between Party A or any affiliate of Party A and any affiliate of Party B, including any payment or delivery obligation, of Party A or the affiliate of Party A, as the case may be, to the affiliate of Party B against any obligation under any transaction under any agreement between Party A or any affiliate of Party A and the affiliate of Party B, including any payment or delivery obligation, of the affiliate of Party B to Party A or the affiliate of Party A, as the case may be. Annex IV Party Acting as Agent This Annex IV forms a part of the Master Securities Forward Tran...
Sample 1

Related to Additional Remedies in Event of 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.

  • 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”):

  • Events of Default Remedies If any of the following events (“Events of Default”) shall occur:

  • 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:

  • REMEDIES IN CASE OF AN EVENT OF DEFAULT If there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:

  • 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:

  • 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:

  • Certain Events of Default The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!