Lenders Remedies in Event of Default Sample Clauses

Lenders Remedies in Event of Default. 11.1 Upon any Event of Default, subject only to any cure period(s) expressly provided in the Note or the Security Agreements, the Lender shall be entitled to all of its rights or remedies hereunder, at law or in equity and under the Note, the Security Agreements and any other Loan Document, including, without limitation, the right to declare the outstanding principal balance of the Note, the accrued interest thereon, and all other obligations of the Borrower to the Lender under this Agreement or otherwise to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything in this Agreement or in the Note to the contrary notwithstanding, and the Lender's obligation to make any additional Advances hereunder shall be permanently terminated.
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Lenders Remedies in Event of Default. 11.1 Upon the occurrence of any Event of Default, subject only to any notice requirement and grace period expressly provided in the Notes, the Security Agreements, or any other Loan Documents, if any, the Lender shall be entitled to all of its rights and remedies hereunder, at law or in equity and under the Notes, the Security Agreements, and any of the other Loan Documents, including, without limitation, the right to declare the outstanding principal balance of the Notes, the accrued interest thereon, and all other obligations of the Borrower to the Lender under this Agreement, the other Loan Documents or otherwise to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything in this Agreement, the Notes or any of the other Loan Documents to the contrary notwithstanding, and the Lender's obligation to make any additional Advances hereunder shall be permanently terminated.
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Lenders Remedies in Event of Default. 31 14.1 Remedies Conferred Upon Lender.......................................31 ARTICLE 15
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Lenders Remedies in Event of Default. 18.1 Remedies Conferred Upon Lenders * 18.2 Non-Waiver of Remedies * ARTICLE 19 GENERAL PROVISIONS * 19.1 Captions * 19.2 Merger * 19.3 Modification of Agreement * 19.4 Notices * 19.5 Expenses; Indemnification *
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Lenders Remedies in Event of Default. REMEDIES CONFERRED UPON LENDER ------------------------------
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Lenders Remedies in Event of Default. REMEDIES CONFERRED UPON LENDER
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Lenders Remedies in Event of Default. The Lender shall not be obligated to make any advance if there shall exist any event of default as defined in Paragraph 10 hereof or if, in the reasonable opinion of the Lender, the sums remaining to be advanced hereunder together with other funds made available by the Borrower shall be insufficient for the payment of all expenses incurred or which may be incurred for the completion of the Project, or if there shall have been any material adverse change in the credit or financial standing of the Borrower. The Lender may at any time or times, after an event of default, declare the unpaid principal of and accrued interest on the Note to be immediately due and payable, whereupon the same shall become due and payable without any notice or demand. In addition to all other rights it shall have, including, without limitation, any and all rights under the Basic Instruments, the Lender may at any time or times thereafter take immediate possession of the Premises and in its discretion may thereupon proceed to complete the Project or to take any other actions with respect thereto. All materials at that time on or near the Premises which are the property of the Borrower shall become the property of the Lender, without payment therefor, to be used in said completion, and the Lender is authorized to charge all money expended for said completion against any payments not already advanced; and the Borrower agrees to pay the Lender all sums expended in good faith by the Lender in said completion, even if the same shall be more than the amount agreed to be advanced, together with such additional sums as shall reasonably compensate the Lender for the time and effort the Lender and its employees shall have expended in connection therewith. The foregoing shall be deemed to authorize, but not obligate in any event, the Lender to do all such things in connection with the completion of the Project as it, in its sole discretion, may deem advisable, including, without limitation, the right to make any payments with respect to any obligation of the Borrower hereunder to the Lender or any other person in connection with the construction to be performed hereunder, to make additions and changes in the Plans and Specifications, to employ contractors, subcontractors and agents and to take any and all such action which is commercially reasonable with respect to the completion of the Project, either in its own name or in the name of the Borrower, and the Borrower hereby grants the Lender an...
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Lenders Remedies in Event of Default 
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Related to Lenders Remedies in Event of Default

  • REMEDIES IN EVENT OF DEFAULT Upon the occurrence of an Event of Default, at the option of the Lessor, which may be exercised at any time after an Event of Default shall have occurred, the Lessor shall have all rights and remedies available to it, at law or in equity, including, without limitation, all of the rights and remedies under the Development Documents and the Lease Documents. Subject to the requirements of applicable law, all materials at that time on or near the Leased Property which are the property of the Developer and which are to be used in connection with the completion of the Project shall be subject to the Liens created by the Development Documents. In addition to, and without limitation of, the foregoing, the Lessor is authorized, at the Lessor's option, which may be exercised from time to time, (a) to offset all amounts expended hereunder by the Lessor to complete the construction of the Project and/or exercise any of its other remedies hereunder against any portion of the Development Fee due hereunder and (b) to charge all money expended for completion of the Project against sums hereunder which have not already been advanced (even if the aggregate amount of such sums expended and all amounts previously advanced hereunder exceed the amount of the Project Funds which the Lessor has agreed to advance hereunder); and the Lessee agrees to pay to the Lessor Rent under the Facility Lease, calculated, in part, thereunder based upon all sums advanced hereunder (including, without limitation, all sums expended in good faith by the Lessor in connection with the completion of the Project), and, in addition thereto, the Lessee agrees to pay to the Lessor (as Rent under the Facility Lease), for services in connection with said completion of the Project, such additional sums as shall compensate the Lessor for the time and effort the Lessor and its employees shall have expended in connection therewith. The Lessor is authorized, but not obligated in any event, to do all such things in connection with the construction of the Project as the Lessor, in its sole and absolute discretion, may deem advisable, including, without limitation, the right to make any payments with respect to any obligation of the Developer to the Lessor or to any other Person in connection with the completion of construction of the Project and to make additions and changes in the Project Plans to employ contractors, subcontractors and agents and to take any and all such action, either in the Lessor's own name or in the name of the Developer, and the Developer hereby grants the Lessor an irrevocable power of attorney to act in its name in connection with the foregoing. This power of attorney, being coupled with an interest, shall be irrevocable until all of the Development Obligations are fully paid and performed and shall not be affected by any disability or incapacity which the Developer may suffer and shall survive the same. The power of attorney conferred on the Lessor by the provisions of this Section 11 is provided solely to protect the interests of the Lessor and shall not impose any duty on the Lessor to exercise any such power and neither the Lessor nor such attorney-in-fact shall be liable for any act, omission, error in judgment or mistake of law, except as the same may result from its gross negligence or wilful misconduct. Notwithstanding the foregoing, the Lessee and the Developer acknowledge and agree that, in the event that the Lessor takes possession of the Leased Property and assumes control of the Project as aforesaid, the Lessor shall not be obligated to continue the construction of the Project for any period of time longer than the Lessor shall see fit (in its sole and absolute discretion), and the Lessor may thereafter, at any time, abandon its efforts and refuse to make further payments for the account of the Project, whether or not the Project has been completed. In addition, at the Lessor's option and without demand, notice or protest, the occurrence of any Event of Default shall also constitute a default under any one or more of the Related Party Agreements.

  • 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 on Default Events of Default . Each of the following shall be an "Event of Default" if it occurs for any reason whatsoever, whether voluntary or involuntary, by operation of law or otherwise:

  • REMEDIES IN CASE OF AN EVENT OF DEFAULT If there shall have occurred and be continuing an Event of Default, then and in every such case, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the Uniform Commercial Code as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable:

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

  • Rights and Remedies Upon Event of Default Upon and after an Event of Default, the Administrative Agent shall have the following rights and remedies on behalf of the Secured Parties in addition to any rights and remedies set forth elsewhere in this Security Agreement or the other Loan Documents, all of which may be exercised with or, if allowed by law, without notice to a Grantor:

  • Lenders’ Rights upon Event of Default If an Event of Default under this Loan Agreement shall occur and be continuing, the Lender shall have no rights to assets of the Borrower other than: (a) contributions (other than contributions of Common Stock) that are made by the ESOP sponsor to enable the Borrower to meet its obligations pursuant to this Loan Agreement and earnings attributable to the investment of such contributions and (b) “Eligible Collateral” (as defined in the Pledge Agreement); provided, however, that: (i) the value of the Borrower’s assets transferred to the Lender following an Event of Default in satisfaction of the due and unpaid amount of the Loan shall not exceed the amount in default (without regard to amounts owing solely as a result of any acceleration of the Loan); (ii) the Borrower’s assets shall be transferred to the Lender following an Event of Default only to the extent of the failure of the Borrower to meet the payment schedule of the Loan; and (iii) all rights of the Lender to the Common Stock purchased with the proceeds of the Loan covered by the Pledge Agreement following an Event of Default shall be governed by the terms of the Pledge Agreement.

  • 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.

  • Default Breach Remedies Notwithstanding anything to the contrary contained in Paragraph 13.1 or elsewhere in the Lease:

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