Cover Remedy Definition Sample Clauses

Cover Remedy Definition. 14.7.1 The “Cover Remedy” will be for Contractor to pay DCH (and/or credit against any amounts owed or becoming owed to Contractor by DCH) an amount of money determined as set forth in Section 14.7.2 of this Agreement. If invoked, the Cover Remedy shall be to the exclusion of all other remedies available to DCH, except as expressly stated otherwise in this Agreement. 14.7.2 The amount of money to be paid or credited to DCH by Contractor as the Cover Remedy will be equal to the sum of all Losses that DCH incurs in connection with obtaining the Services from a substitute contractor, including the difference between the cost of such Services, obtained in such manner, and the cost of such Services under the terms of this Agreement, as well as any penalties assessed by federal or state law. Contractor acknowledges and agrees that, for a variety of reasons, such damages may significantly exceed the costs of obtaining the Services pursuant to the terms of this Agreement. 14.7.3 The Cover Remedy will be exercisable by DCH only in connection with DCH’s termination of the Agreement in accordance with its terms or upon the failure of other remedies enumerated in this Agreement for Breach of a warranty or covenant made by Contractor.
Sample 1
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Related to Cover Remedy Definition

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  • Additional Definition Section 1.02 of the Credit Agreement is hereby amended to add thereto in alphabetical order the following definition which shall read in full as follows:

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