Default and Damages. 11.1 It is an act of default if:-
Default and Damages. Where either Lessor or Lessee defaults on the contents of this Agreement, the other party may rescind this Agreement by giving a written notice to the defaulting party. Either party may request the other party of damages incurred as a result of rescission of this Agreement, and unless there is a separate agreement for damages, the contract price shall be the standard for damages.
Default and Damages. 23.1 Any one or more of the following events shall constitute an event of default hereunder ("Event of Default" or "Default"):
Default and Damages. In the event that rental payments are not paid as agreed upon or Xxxxxx fails to strictly abide with any of the terms of this Lease, Lessor may, at its option, initiate legal action as provided under the laws of the State of Michigan. In such case Lessee, as additional rent, promises to pay Lessor an amount equal to any filing fee, service fee, judgment fee, attorney fee allowed by law, or other court cost incurred by Xxxxxx. Xxxxxx agrees to strictly abide by all terms of this lease, and any violation of the terms of this Lease, including but not limited to nonpayment of rent, shall be construed as a material breach of this Lease. In the event that Lessor exercised its option to terminate the Lease under such circumstances, the Lessee will continue to pay rent until the premises is re-rented. Lessor promises that it will use its best efforts to re-rent the premises during the remainder of the term above specified to mitigate or reduce that amount of rent owed by Xxxxxx during the remainder of the term.
Default and Damages. (a) Any of the following occurrences or acts shall constitute an event of default under this lease:
Default and Damages. Where either the Sublessor or Sublessee defaults on the stipulations of this Agreement, the other party may rescind this Agreement by providing written notice to the defaulting party. Either party may request from the other party damages incurred as a result of the rescission of this Agreement, and unless there is a separate agreement for damages, the contract price shall be the standard for damages.
Default and Damages. Article 15 Within the term of this Agreement, any of the following events shall be deemed as a breach of agreement by Party A:
Default and Damages. 7.1 A party shall compensate the other party for any direct and indirect economic losses caused as a result of any breach of this Agreement by such party.
Default and Damages. As to any default, Authority shall have all other rights and remedies as provided by law, including without limitation the right to recover damages from Airline in the amount necessary to compensate Authority for damages caused by Airline, for the direct costs incurred and caused by Airline’s failure to perform its obligations under this Agreement, and for any other damages which in the ordinary course would be likely to result from a default of this Agreement.
Default and Damages. In the event that any Party defaults in any of its obligations under this Agreement, in addition to any other remedies provided pursuant to this Agreement or Applicable Law but subject to the other provisions of this Article 14, any non-breaching Party shall be entitled to recover from the breaching Party all Losses incurred by such non-breaching Party caused by or in connection with such breach. It is understood and agreed that money damages would not be a sufficient remedy for any breach of this Agreement by any Party or by any other Person receiving Confidential Information pursuant to this Agreement and that the Party whose Confidential Information is disclosed or used in violation of this Agreement shall be entitled to claim injunctive or equitable relief as a remedy for any such breach. Such remedy shall not be deemed to be the exclusive remedy for breach of this Agreement, but shall be in addition to all other remedies available to such party at law or equity.
