Default Remedies and Damages Sample Clauses

Default Remedies and Damages a. Until the PACE Tax Assessment Contract has been paid in full and terminated in accordance with its terms, in the event of a Payment Default or any Default Event with Seller being the Defaulting Party, Purchaser’s right to suspend performance of its obligations under [Sections 13(b)(i) or 13(b)(ii)] of the Agreement shall not include suspension of Purchaser’s payments under the PACE Tax Assessment Contract. b. Until the PACE Tax Assessment Contract has been paid in full and terminated in accordance with its terms, in the event Purchaser pays the Termination Payment to Seller as provided in Section 11(b)(iii)(1) of the Agreement, any payment made by Purchaser to Seller on account of such Termination Payment shall first be used by Seller to repay the Assessment with the PACE Taxing Authority until the Assessment has been paid in full, after which any remaining amount shall be retained by Seller. c. Until the PACE Tax Assessment Contract has been paid in full and terminated in accordance with its terms, in the event Seller becomes obligated to pay the Termination Payment as provided in Section 11(b)(iii)(2) of the Agreement, Seller shall first make any such payment on account of the Assessment until the Assessment has been paid in full, after which Seller shall pay any remaining balance directly to Purchaser.
AutoNDA by SimpleDocs
Default Remedies and Damages. 20 Section 15.1
Default Remedies and Damages. ARTICLE 14 .......UNAVOIDABLE DELAYS, FORCE MAJEURE ARTICLE 15 .......NOTICES ARTICLE 16 .......ACCESS ARTICLE 17 .......SIGNS ARTICLE 18 .......END OF TERM
Default Remedies and Damages. In the event of default at any time by Tenant in the payments of rent, or in the payment of any late charges designated, or in the performance of any other terms of the lease, or if the Tenant shall abandon or vacate the Premises without the consent of the Landlord, Tenant shall be deemed in default. Upon such default, Landlord shall have the right, as its option to enter upon the Premises, or any part thereof, either with or without process of law and to expel, remove or put out Tenant and/or other persons who may be thereon, together with all personal property found therein without terminating this lease which termination Landlord may elect to do at its sole and exclusive option. All the remedies herein provided shall be cumulative to all other rights or remedies herein given to Landlord or given to Landlord by law. A waiver by Landlord of any default by Tenant in the performance of any terms or conditions of this lease shall not be considered or treated as a waiver of any subsequent or other default.
Default Remedies and Damages of the Master Lease is expressly incorporated by reference into this Sublease so that if there shall arise any event applicable to Subtenant which, if such event had be applicable to Sublessor would have been an event of default of the Master Lease as such term is defined therein, such event shall be deemed to be a breach of this Sublease Agreement (except 22.1
Default Remedies and Damages 
AutoNDA by SimpleDocs

Related to Default Remedies and Damages

  • Other Remedies; Specific Performance Except as otherwise provided herein, any and all remedies herein expressly conferred upon a party will be deemed cumulative with and not exclusive of any other remedy conferred hereby, or by law or equity upon such party, and the exercise by a party of any one remedy will not preclude the exercise of any other remedy. The parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any court of the United States or any state having jurisdiction, this being in addition to any other remedy to which they are entitled at law or in equity.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!