Remedies for an Event of Default. (a) Subject to Article XIV, Seller shall have the right, but not the obligation, to do the following upon the occurrence and notice to TVA of TVA’s Event of Default:
(i) suspend performance of its obligations under this Agreement; provided, however, in no event shall any such suspension continue for longer than ten (10) Business Days unless an Early Termination Date shall have been declared and notice thereof given pursuant to Section 12.2; and/or
(ii) receive payment from TVA for direct damages that Seller incurred in connection with such Event of Default (including during any applicable cure period, whether or not Seller elected to suspend performance during such cure period).
(b) Subject to Article XIV, TVA shall have the right, but not the obligation, to do the following upon the occurrence and notice to Seller of Seller’s Event of Default:
(i) suspend performance of its obligations under this Agreement; provided, however, in no event shall any such suspension continue for longer than ten (10) Business Days unless an Early Termination Date shall have been declared and notice thereof given pursuant to Section 12.2; and/or
(ii) call on and draw down upon the Performance Assurance that Seller provided to satisfy any and all payments due and amounts otherwise owing under this Agreement; and/or
(iii) receive payment from Seller for direct damages that TVA incurred in connection with such Event of Default (including during any applicable cure period, whether or not TVA elected to suspend performance during such cure period).
Remedies for an Event of Default. Without limiting any rights or remedies of a Party for damages or specific performance for any default or breach hereunder, upon the occurrence and continuation of an Event of Default, the non-defaulting Party may terminate this Agreement and/or exercise any other remedies available hereunder or under Law, all of which shall be cumulative.
Remedies for an Event of Default. Without limiting any rights or remedies of either Party for damages or specific performance for any default or breach hereunder, upon the occurrence of an Event of Default and failure to cure such Event of Default within any applicable cure period and during any continuation thereof, the non-defaulting Party may terminate this Agreement and/or exercise any other remedies available hereunder or under applicable Law, all of which shall be cumulative. Notwithstanding anything to the contrary herein, the non-defaulting Party may obtain equitable relief, including the equitable right of specific performance or other injunctive relief to compel the defaulting Party to perform its obligations under this Agreement.
Remedies for an Event of Default. In the Event of a Default, regardless of the expiration of the Put, VCC may, in its sole discretion, Put its VCC Shares to VT International at the Put Price and demand immediate payment. VT International will file a UCC-1 reflecting this priority claim on VT International’s assets and such lien shall be governed by the terms of the Security Agreement referenced in Section 2 of this Agreement, except the Put Note referenced thereby shall be a demand note and deemed demanded.
Remedies for an Event of Default. Upon an occurrence of an Event of Default under Section 8.01 hereof, the Issuer or the Trustee may in their discretion, proceed to protect and enforce their rights and the rights of the registered owners of the Bonds by pursuing any available remedy under the Indenture or by pursuing any other available remedy, including, but not limited to, a suit at law or in equity.
Remedies for an Event of Default. Upon an occurrence of an Event of Default under Section 8.01 hereof, the Issuer or the Trustee may, in its discretion, proceed to protect and enforce their rights and the rights of the holders of the Bonds by pursuing any available remedy including a suit at law or in equity; provided, however, that if any of the Bonds are outstanding under the Indenture and the Event of Default results in interest on the Bonds being includable in gross income for federal income tax purposes, then the Issuer and the Trustee shall promptly proceed to redeem all Bonds then outstanding under the Indenture pursuant to Section 8.01 of the Indenture.
Remedies for an Event of Default. Upon an occurrence of an Event of Default under Section 8.01 hereof, the Authority or the Trustee may in their discretion, proceed to protect and enforce their rights and the rights of the registered owners of the Bonds by pursuing any available remedy under the Indenture or by pursuing any other available remedy, including, but not limited to, a suit at law or in equity.
Remedies for an Event of Default. After the occurrence of an Event of Default, the County shall be entitled to pursue any and all legal and equitable rights and remedies permitted by Applicable Law including the termination of this Agreement; provided, however, notwithstanding the foregoing, the County shall not be entitled to commence proceedings to terminate this Agreement without providing at least 30 days’(unless another timeframe is set forth in this Agreement) prior written notice to of the County’s intention thereof, during which time shall have the right and be entitled to cure such Event of Default. Upon a valid termination of this Agreement, all rights of _ under this Agreement shall expire and terminate, except those which, by the provisions of this Agreement, expressly survive the expiration or termination of the Term. The County and _ shall each have the obligation to mitigate its respective damages arising out of or resulting from an Event of Default and subsequent events.
Remedies for an Event of Default. (a) Subject to Article XIII, Seller shall have the right, but not the obligation, to do one or more of the following upon the occurrence of, and after providing written notice to LUB of, LUB’s Event of Default:
(i) suspend performance of its obligations under this Agreement; provided, however, in no event shall any such suspension continue for longer than ten (10) Business Days unless an Early Termination Date shall have been declared and notice thereof given pursuant to Section 9.2; or
(ii) receive a Termination Payment from LUB
(b) Subject to Article XIII, LUB shall have the right, but not the obligation, to do one or more of the following upon the occurrence of, and after providing written notice to Seller of, Seller’s Event of Default:
(i) suspend performance of its obligations under this Agreement; provided, however, in no event shall any such suspension continue for longer than ten (10) Business Days unless an Early Termination Date shall have been declared and notice thereof given pursuant to Section 9.2;
(ii) make a written request and draw upon the Performance Assurance that Seller provided to satisfy any and all payments due and amounts otherwise owing (including any liquidated damages) under this Agreement; or
(iii) receive the Termination Payment from Seller. The remedies set forth in this Section 9.6 and the receipt of the Termination Payment shall constitute the Non-Defaulting Party’s sole and exclusive remedies for an Event of Default.
Remedies for an Event of Default. If an Event of Default occurs and is continuing, the Non-Defaulting Party will, subject to the terms and conditions of this Agreement, have the right (but not the obligation) to pursue any or all of the following remedies:
(A) suspend performance of the Non-Defaulting Party’s obligations under this Agreement; (B) receive from the Defaulting Party direct damages incurred by the Non-Defaulting Party as a result of or in connection with such Event of Default (including during any applicable cure period, whether or not the Non-Defaulting Party has elected to suspend performance during such cure period); and (C) exercise all other remedies available to the Non-Defaulting Party at law or in equity.
