Expenses Upon Default. In the event of a default by a party hereto (the "Defaulting Party") which results in the filing of a lawsuit for damages, specific performance, or other remedy, the other party (the "Nondefaulting Party") shall be entitled to reimbursement by the Defaulting Party of any and all reasonable legal fees and expenses incurred by the Nondefaulting Party in the event that the Nondefaulting Party shall prevail in such lawsuit.
Appears in 2 contracts
Samples: Asset Purchase Agreement (American Radio Systems Corp /Ma/), Asset Purchase Agreement (Ez Communications Inc /Va/)
Expenses Upon Default. In the event of a default by a party hereto (the "Defaulting Party") which results in the filing of a lawsuit for damages, specific performance, or other remedy, remedy the other party (the "Nondefaulting Party") shall be entitled to reimbursement by the Defaulting Party of any and all reasonable legal fees and expenses incurred by the Nondefaulting Party in the event that the Nondefaulting Party shall prevail in such lawsuitprevails.
Appears in 2 contracts
Samples: Asset Purchase Agreement (American Radio Systems Corp /Ma/), Asset Purchase Agreement (American Radio Systems Corp /Ma/)
Expenses Upon Default. In the event of a default by a party hereto (the --------------------- "Defaulting Party") which results in the filing of a lawsuit for damages, specific performance, or other remedy, remedy the other party (the "Nondefaulting Party") shall be entitled to reimbursement by the Defaulting Party of any and all reasonable legal fees and expenses incurred by the Nondefaulting Party in the event that the Nondefaulting Party shall prevail in such lawsuitprevails.
Appears in 1 contract
Samples: Asset Purchase Agreement (Salem Communications Corp /De/)
