Common use of Remedies Fair and Reasonable Clause in Contracts

Remedies Fair and Reasonable. The Proponent acknowledges that in view of the policy objectives served by the Ministers agreement to make the contribution, the fact that the contribution comes from public monies, and that the amount of damages sustained by the Crown in the event of default is difficult to ascertain, that it is fair and reasonable that the Minister be entitled to exercise any or all of the remedies provided for in this section 8 and to do so in the manner provided for in that section if an event of default occurs; provided that in exorcising any remedy in accordance with paragraph 8.2

Appears in 2 contracts

Samples: Technology Partnership Agreement (Mitel Networks Corp), Technology Partnership Agreement (Mitel Networks Corp)

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Remedies Fair and Reasonable. The Proponent acknowledges that in view of the policy objectives served by the Ministers Minister's agreement to make the contribution, the fact that the contribution comes from public monies, and that the amount of damages sustained by the Crown in the event of default is difficult to ascertain, that it is fair and reasonable that the Minister be entitled to exercise any or all of the remedies provided for in this section 8 and to do so in the manner provided for in that section if an event of default occurs; provided that in exorcising exercising any remedy in accordance with paragraph 8.2

Appears in 1 contract

Samples: Technology Partnerships Agreement (Offshore Systems International LTD)

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Remedies Fair and Reasonable. The Proponent DynaMotive acknowledges that in view of the public policy objectives served by the Ministers Minister's agreement to make the contributionContribution, the fact that the contribution Contribution comes from public monies, and that the amount of damages or loss sustained by the Crown in the event of default is difficult to ascertain, that it is fair and reasonable that the Minister be entitled to exercise any or all of the remedies provided for in this section 8 Agreement and to do so in the manner provided for in that section this Agreement if an event of default occurs; provided that in exorcising any remedy in accordance with paragraph 8.2.

Appears in 1 contract

Samples: Contribution Agreement (Dynamotive Energy Systems Corp)

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