Event of Default Damages Remedies Sample Clauses

Event of Default Damages Remedies. (a) From and after the occurrence of an Event of Default, Lessor may:
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Event of Default Damages Remedies. From and after the occurrence of an Event of Default, Lessor may give notice to Lessee of Lessor’s intention to either (x) terminate this Lease and the estate hereby granted and all rights of Lessee hereunder, or (y) terminate Lessee’s right of possession, on the date specified in such notice, [***]233 (the “Termination Date”). [***]234. The requirement to provide such security deposit in the applicable amount (as described in the preceding sentence) shall apply each time Lessor delivers to Lessee a notice of Lessor’s intention to terminate this Lease following an Event of Default. If Lessee fails to cure all outstanding Events of Default and restore this Lease as provided above and Lessor elects to terminate this Lease, upon the Termination Date, this Lease, the estate hereby granted and all rights of Lessee hereunder shall expire and terminate upon the Termination Date. Upon such termination, Lessee shall immediately surrender and deliver possession of the Premises and the Equipment to Lessor in the condition required by the terms of this Lease as if such date was the Expiration Date. If Lessee does not so surrender and deliver possession of the Premises and the Equipment, Lessor may re-enter and repossess the Premises and the Equipment not surrendered by any available legal process. Upon or at any time after taking possession of the Premises, Lessor may, by legal process, remove any persons or property therefrom. Lessor will be under no liability for or by reason of any such entry, repossession or removal. If Lessee fails to cure all outstanding Events of Default and restore this Lease as provided 233 [***] Indicates material that has been omitted and for which confidential treatment has been requested. All such omitted material has been filed with the U.S. Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities and Exchange Act of 1934, as amended. 234 [***] Indicates material that has been omitted and for which confidential treatment has been requested. All such omitted material has been filed with the U.S. Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities and Exchange Act of 1934, as amended. Exhibit C above and Lessor elects to terminate Lessee’s right of possession, upon the Termination Date, Lessee’s right to possess the Premises and the Equipment shall be terminated and Lessor may repossess and re-enter the Premises by any available legal process without thereby releasing Lessee from any liabili...
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Event of Default Damages Remedies 
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Related to Event of Default Damages Remedies

  • Event of Default Remedies 8.1 Any one or more of the following acts or omissions of the Contractor shall constitute an event of default hereunder (“Event of Default”):

  • Events of Default Remedies If any of the following events (“Events of Default”) shall occur:

  • Default Remedies Any one of the following occurrences shall constitute an ----------------- "EVENT OF DEFAULT" under this Note: (i) failure by the Maker to make any payment of principal or interest when the same becomes due and payable, said failure continuing for thirty (30) days or more; or (ii) if Maker shall fail to pay its debts, make an assignment for the benefit of its creditors, or shall commit an act of bankruptcy, or shall admit in writing its inability to pay its debts as they become due, or shall seek a composition, readjustment, arrangement, liquidation, dissolution or insolvency proceeding under any present or future statute or law, or shall file a petition under any chapter of federal Bankruptcy Code or any similar law, state or federal, now or hereafter existing, or shall become "insolvent" as that term is generally defined under the Federal Bankruptcy Code, or shall in any involuntary bankruptcy case commenced against it file an answer admitting insolvency or inability to pay its debts as they become due, or shall fail to obtain a dismissal of such case within sixty (60) days after its commencement or convert the case from one chapter of the Federal Bankruptcy Code to another chapter, or be the subject of an order for relief in such bankruptcy case, or to be adjudged a bankruptcy or insolvent, or shall have a custodian, trustee or receiver appointed for, or have any court take jurisdiction of its property, or any part thereof, in any proceeding for the purpose of reorganization, arrangement, dissolution or liquidation, and such custodian, trustee, liquidator or receiver shall not be discharged, or such jurisdiction shall not be relinquished, vacated or stayed within sixty (60) days of the appointment. Upon occurrence of an Event of Default hereunder, the entire outstanding principal balance and any unpaid interest then accrued under this Note, shall at the option of the Payee hereof and without demand or notice of any kind to the undersigned or any other person (including, but not limited to, any guarantor now or hereafter existing), immediately become and be due and payable in full. In such event, Payee shall have and may exercise any and all rights and remedies available at law or in equity.

  • Events of Default Rights and Remedies Section 7.1 Events of Default Section 7.2 Rights and Remedies Section 7.3 Certain Notices

  • Events of Default and Remedies Section 8.01.

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