Common use of MLB Remedies Clause in Contracts

MLB Remedies. Upon the occurrence of any StadCo Event of Default, MLB may, in its sole discretion but subject to Article 17 (Assignments; Mortgages), enter upon the Premises and do whatever StadCo is obligated to do under the terms of this Agreement, and the Authority agrees to accept such performance by MLB, and StadCo agrees that MLB shall not be liable for any damages resulting to StadCo from such action. No action taken by MLB under this Section 15.11 (MLB Remedies) shall relieve StadCo from any of its obligations under this Agreement or from any consequences or liabilities arising from the failure to perform such obligations.

Appears in 2 contracts

Samples: Stadium Lease Agreement, Stadium Lease Agreement

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MLB Remedies. Upon the occurrence of any StadCo Event of Default, MLB may, in its sole discretion but subject to Article 17 (Assignments; Mortgages)17, enter upon the Premises and do whatever StadCo is obligated to do under the terms of this Agreement, and the Authority agrees to accept such performance by MLB, and StadCo XxxxXx agrees that MLB shall not be liable for any damages resulting to StadCo XxxxXx from such action. No action taken by MLB under this Section 15.11 (MLB Remedies) shall relieve StadCo from any of its obligations under this Agreement or from any consequences or liabilities arising from the failure to perform such obligations.

Appears in 1 contract

Samples: Stadium Lease Agreement

MLB Remedies. Upon the occurrence of any StadCo Event of Default, MLB may, in its sole discretion but subject to Article 17 (Assignments; Mortgages), enter upon the Premises and do whatever StadCo is obligated to do under the terms of this Agreement, and the Authority agrees to accept such performance by MLB, and StadCo agrees that MLB shall not be liable for any damages resulting to StadCo from such action. No action taken by MLB under this Section 15.11 (MLB Remedies) shall relieve StadCo from any of its obligations under this Agreement or from any consequences or liabilities arising from the failure to perform such obligations.obligations.‌

Appears in 1 contract

Samples: Stadium Lease Agreement

MLB Remedies. Upon the occurrence of any StadCo Event of Default, MLB may, in its sole discretion but subject to Article 17 (Assignments; Mortgages)17, enter upon the Premises Land and Project Improvements and do whatever StadCo is obligated to do under the terms of this Agreement, and the Authority agrees to accept such performance by MLB, and StadCo XxxxXx agrees that MLB shall not be liable for any damages resulting to StadCo from such action. No action taken by MLB under this Section 15.11 (MLB Remedies) 16.12 shall relieve StadCo from any of its obligations under this Agreement or from any consequences or liabilities arising from the failure to perform such obligations.

Appears in 1 contract

Samples: Development Agreement

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MLB Remedies. Upon the occurrence of any StadCo Event of Default, MLB may, in its sole discretion but subject to Article 17 (Assignments; Mortgages)17, enter upon the Premises Land and Project Improvements and do whatever StadCo is obligated to do under the terms of this Agreement, and the Authority agrees to accept such performance by MLB, and StadCo agrees that MLB shall not be liable for any damages resulting to StadCo from such action. No action taken by MLB under this Section 15.11 (MLB Remedies) 16.12 shall relieve StadCo from any of its obligations under this Agreement or from any consequences or liabilities arising from the failure to perform such obligations.

Appears in 1 contract

Samples: Development Agreement

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