Common use of Default, etc Clause in Contracts

Default, etc. In addition to all other rights of the Issuer granted herein, in the Note, or otherwise by law, the Issuer shall have the right to specifically enforce the performance and observation by the Company of any of its obligations, agreements or covenants under this Agreement or under the Note and may take any actions at law or in equity to collect any payments due or to obtain other remedies. If the Company shall default under any provisions of this Agreement or in any payment under this Agreement or the Note, and the Issuer shall employ attorneys or incur other expenses for the collection of payments due or for the enforcement of the performance or observation of any obligation or agreement on the part of the Company contained herein or therein, the Company will on demand therefor reimburse the reasonable fees of such attorneys and such reasonable expenses so incurred.

Appears in 6 contracts

Samples: Loan Agreement (Ak Steel Holding Corp), Quality Facilities (Ak Steel Holding Corp), Loan Agreement (Firstenergy Corp)

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Default, etc. (a) In addition to all other rights of the Issuer granted herein, in the Note, or otherwise by law, the Issuer shall have the right to specifically enforce the performance and observation by the Company of any of its obligations, agreements or covenants under this Agreement or under the Note and may take any actions at law or in equity to collect any payments due or to obtain other remedies. If the Company shall default under any provisions of this Agreement or in any payment under this Agreement or the Note, and the Issuer shall employ attorneys or incur other expenses for the collection of payments due or for the enforcement of the performance or observation of any obligation or agreement on the part of the Company contained herein or therein, the Company will on demand therefor reimburse the reasonable fees of such attorneys and such reasonable expenses so incurred.

Appears in 2 contracts

Samples: Pollution Control Facilities Loan Agreement (PPL Energy Supply LLC), Control Facilities Loan Agreement (PPL Electric Utilities Corp)

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Default, etc. In addition to all other rights of the Issuer granted herein, in the Note, Note or otherwise by law, the Issuer shall have the right to specifically enforce the performance and observation by the Company of any of its obligations, agreements or covenants under this Agreement or under the Note and may take any actions at law or in equity to collect any payments due or to obtain other remedies. If the Company shall default under any provisions of this Agreement or in any payment under this Agreement or the Note, Note and the Issuer shall employ attorneys or incur other expenses for the collection of payments due or for the enforcement of the performance or observation of any obligation or agreement on the part of the Company contained herein or thereinherein, the Company will will, on demand therefor therefor, reimburse the reasonable fees of such attorneys and such reasonable expenses so incurred.

Appears in 1 contract

Samples: Exempt Facilities Loan Agreement (Potomac Electric Power Co)

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