Remedial Rights Clause Samples

Remedial Rights. Section 1. All remedies, rights and elections of the Landlord, which are given by this lease, are in addition to and not in substitution for, nor exclusive of, the rights of action and causes of actionor other remedies that may be available to it at law or in equity or under any present or future statutes. In the event of a breach or threatened breach by the Tenant of any of the covenants hereof, the Landlord shall have the right of injunction and the right to invoke any remedy allowed at law or inequity, as if specific remedies, indemnity or reimbursement were not herein provided for.

Remedial Rights. Nothing contained in this article 5 shall be deemed to affect or impair the otherwise lawful rights of the Corporation to enforce its legal remedies against the Executive either during the period from the date hereof to the date the Executive ceases to be employed by the Corporation or at any time thereafter to prevent the Executive from approaching or soliciting any customer, supplier or employee of the Corporation with a view towards inducing such customer, supplier or employee to breach a contract between the Corporation and such customer, supplier or employee and to recover any damages resulting therefrom. Time shall not toll during any breach of the provisions of article 5.

Remedial Rights. During the continuance of any Event of Default, the Agent (acting on the decision of the Majority Lenders) may exercise any one or more of the following rights: (1) To waive the relevant Event of Default, or consent to the Borrower’s remedy of the relevant Event of Default, or require the Borrower to cure the Event of Default within a specified time limit; (2) To declare the suspension of drawing any Loan Funds; upon such declaration, the drawing of such portion of Loan Funds shall be suspended immediately; (3) To declare the cancellation of all or any part of the Total Commitment; upon such declaration, the Commitment of each Lender shall be cancelled pro rata accordingly, and the cancelled Total Commitment may not be reinstated; (4) If the Borrower fails to provide a reasonable explanation satisfactory to the Agent (acting on the decision of the Majority Lenders) and fails to take any effective remedial measures, to declare all or any part of the Outstanding Loan Balance together with all accrued interest, fees and other amounts hereunder immediately due and payable; upon such declaration, such amounts shall become immediately due and payable without any further notice from the Agent, provided that the Agent may grant the Borrower a 45-day period to raise repayment funds at the decision of the Majority L▇▇▇▇▇▇; (5) To require the Borrower to provide additional collateral immediately; (6) To enforce the Security Documents; and/or (7) To exercise any other rights conferred by laws, regulations and this Contract.

Remedial Rights. During the subsistence of any Event of Default, the Agent Bank (in accordance with the decision of the Majority Lenders) may exercise one or more of the following rights: (1) Waive the relevant Event of Default or agree to the remedy of the relevant Event of Default; (2) Declare the suspension of the withdrawal of any Loan Funds; upon such declaration, the withdrawal of such Loan Funds shall be immediately suspended; (3) Cancel all or part of the Total Commitments: upon such declaration, the Commitment of each Lender shall be canceled proportionately, and the canceled portion of the Total Commitments shall not be reinstated; (4) Declare all or part of the outstanding Loan Balance, together with all accrued interest, fees, and other amounts payable under this Contract, immediately due and payable; upon such declaration, such amounts shall become immediately due and payable without any further notice from the Agent Bank; (5) Require the Borrower to immediately provide additional guarantee measures; (6) Enforce the Guarantee Contract; (7) Exercise any other rights conferred by laws, regulations, and this Contract.

Remedial Rights. Under any condition as stipulated under Section 7.1, the Landlord may give written notice to the Tenant requesting remedies to such Material Default(s) within the required period. Should such Material Default(s) has/have not been remedied within the time limit provided in a written notice has been served by the Landlord to the Tenant, the Landlord may further exercise all of the following rights (the “Remedial Rights”): (i) to enter or re-enter on the Premises or any part thereof in the name of the whole; (ii) to terminate this Tenancy Agreement absolutely but without prejudice to any right of action of the Landlord in respect of any outstanding breach or non-observance or non-performance by the Tenant of any of the agreements stipulations and conditions herein contained; (iii) to forfeit the Deposit and other deposits paid by the Tenant as part of the liquidated damages due to the Tenant’s breach without prejudice to the Landlord’s right of deduction in accordance with Clauses 7.8 of Appendix One and claim for further compensation; and (iv) to do all lawful things and/or to take all lawful actions which the Landlord considers necessary or desirable to remedy the Material Default(s).

Remedial Rights. Upon the occurrence of an Event of Default under this Security Agreement, the Shareholders, by written notice to the Buyer and the Company, may elect one or the other (but not both) of the following rights:

Remedial Rights. Upon the occurrence of a Event of Default, --------------- the Landlord, at its election, may affirm all obligations of the Tenant under this Lease and pursue all appropriate legal proceedings to enforce such obligations or may terminate this Lease and pursue all appropriate legal proceedings to recover damages resulting from such termination. In either event, to the extent permitted by applicable law, the Landlord may reenter and repossess the Leased Premises and remove all persons or property from the Leased Premises. If the Landlord elects to terminate this Lease, then the Landlord shall make such efforts as are required under applicable law to mitigate damages by reletting the Leased Premises, or any part thereof, under such terms and conditions as the Landlord in his sole discretion deems advisable. The proceeds from such subletting shall be applied first to reimburse the Landlord for all costs incurred in preparing the Leased Premises for reletting, second to all costs incurred by the Landlord (including leasing commissions) in implementing that reletting, third to the payment of all amounts then due under this Lease. Any residual proceeds shall be applied against the future payment obligations of the Tenant under this Lease. The Tenant shall be liable for any deficiencies. All rights and remedies accorded to the Landlord hereunder shall be cumulative and shall be in addition to any and all other rights or remedies permitted under applicable law.

Remedial Rights. Nothing contained in this Agreement shall be deemed to affect or impair the otherwise lawful rights of the Corporation to enforce its legal remedies against the Founder at any time hereafter to prevent the Founder from approaching or soliciting any customer, supplier or employee of the Corporation with a view towards inducing such customer, supplier or employee to breach a contract between the Corporation and such customer, supplier or employee and to recover any damages resulting therefrom. Time shall not toll during any breach of the provisions of Agreement.

Remedial Rights