Remedial Rights. In the event Borrower fails to provide, maintain, keep in force or deliver and furnish to Lender the Evidence of Insurance required by this Agreement or evidence of their renewal as required herein, Lender may, but shall not be obligated to, procure such insurance and Borrower shall pay all amounts advanced by Lender, together with interest thereon at the Default Rate from and after the date advanced by Lender until actually repaid by Borrower, promptly upon demand by Lender. Any amounts so advanced by Lender, together with interest thereon, shall be secured by the Security Instrument and by all of the other Loan Documents securing all or any part of the Indebtedness. Lender shall not be responsible for nor incur any liability for the insolvency of the insurer or other failure of the insurer to perform, even though Lender has caused the insurance to be placed with the insurer after failure of Borrower to furnish such insurance.
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. 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 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. 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. 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”):
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
