Additional Remedies of COLT. The remedies under this Lease shall be cumulative, rather than exclusive, and COLT shall have upon the occurrence of any event of default under sub-sections 1, 2 or 3 of section A of this section, the right to exercise, in addition to any and all rights available under Illinois statutory law or common law, the option to terminate this Lease, re-enter and take possession of the Premises without initiation of legal process, and thereafter re-let the same, or any part thereof, for the balance of the term hereof, or any part thereof, upon such condition as COLT may deem proper. Neither re-entry nor re-letting shall discharge Lessee from the payment of royalties due at the time of termination or re-entry, or from any unsatisfied obligation of the Lessee under this Lease.
Appears in 7 contracts
Samples: Mining Lease and Sublease, Mining Lease (Foresight Energy LP), Mining Lease and Sublease (Foresight Energy LP)
