Common use of In the Event of Breach Clause in Contracts

In the Event of Breach. In the event the Releasors breaches this Agreement, or otherwise seeks to bring a claim that is waived and released herein, Releasees shall first provide notice of such breach to Releasor. Such notice will be provided by regular mail and certified mail R.R.R. Releasor shall cure such breach on or before thirty (30) calendar days of transmission of notice of such breach by Releasee. Should Releasors not cure said breach of this Agreement within the specific thirty (30) calendar day period, Releasee shall be entitled to use “self help” to cure said breach should Releasee desire in addition to obtaining all other relief provided by law or equity in addition to Releasees’ attorneys’ fees and costs. Releasee shall also be entitled to obtain "forced placed" insurance and recover the costs of such coverage, if necessary, from Releasors in the appropriate legal forum.

Appears in 9 contracts

Samples: Release and Indemnification Agreement, Release and Indemnification Agreement, Release and Indemnification Agreement

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In the Event of Breach. In the event the Releasors breaches this Agreement, or otherwise seeks to bring a claim that is waived and released herein, Releasees shall first provide notice of such breach to Releasor. Such notice will be provided by regular mail and certified mail R.R.R. Releasor shall cure such breach on or before thirty (30) calendar days of transmission of notice of such breach by Releasee. Should Releasors not cure said breach of this Agreement within the specific thirty (30) calendar day period, Releasee shall be entitled to use “self self-help” to cure said breach should Releasee desire in addition to obtaining all other relief provided by law or equity in addition to Releasees’ attorneys’ fees and costs. Releasee shall also be entitled to obtain "forced placed" insurance and recover the costs of such coverage, if necessary, from Releasors in the appropriate legal forum.

Appears in 1 contract

Samples: Release and Indemnification Agreement

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