Common use of Consequences of Events of Default Clause in Contracts

Consequences of Events of Default. Where the Developer commits an Event of Default, Council may, in addition to any rights it has at Law: (1) exercise the Step in Rights so as to carry out any work specified in the relevant Breach Notice; or (2) call on the Security to the extent of any compensation claimed in a Breach Notice and not paid by the Developer.

Consequences of Events of Default. Where the Developer commits an Event of Default, Council may, in addition to any rights it has at Law: (1) exercise the Step step in Rights rights so as to carry out any work specified in the relevant Breach Notice; or (2) call on any Security provided by the Security to the extent Developer in satisfaction of any compensation claimed costs incurred by it in a Breach Notice and not paid by remedying the Developerrelevant Event of Default.

Consequences of Events of Default. Where the Developer commits an Event of Default, Council may, in addition to any rights it has at Law: (1) exercise the Step in Rights so as to carry out any work specified in the relevant Breach Notice; or (2) Law or under this document, call on the Security to the extent of any compensation claimed in a Breach Notice and not paid by the Developer.

Consequences of Events of Default. Where the Developer commits an Event of Default, Council may, in addition to any rights it has at Law: (1a) exercise the Step in Rights so as to carry out any work specified in the relevant Breach NoticeNotice itself; or (2b) call on the Security to the extent of any compensation claimed in a Breach Notice and not paid by the Developer.

Consequences of Events of Default. Where the Developer commits an Event of Default, Council may, in addition to any rights it has at Law: (1) exercise the Step in Rights so as to carry out any work specified in the relevant Breach Notice; or (2) Law call on the Security to the extent of any compensation claimed in a Breach Notice and not paid by the Developer.