Remedies for City Default Sample Clauses

Remedies for City Default. At any time as of which a City Default exists, the Developer, at its option, may, but shall not be obligated to, exercise any one or more of the following remedies: (a) By written notice to the City, terminate this Agreement, provided that such termination shall not affect the obligations of the City that have then accrued; (i) recover from City any sums of money that are due and payable by City to or for the benefit of the Developer under this Agreement; (ii) except for obligations requiring City Council approval, commence an action for specific performance or other equitable relief against City with respect to the defaulted obligations as provided in Section 11.6; and (iii) exercise the Developer’s rights under Section 11.7 with respect to the City Default; and (c) Enforce, or avail itself of, any other remedies available to it at law or in equity.
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Remedies for City Default. Upon the occurrence of a City Default, UBP may, by notice to the City, declare the City to be in default and may, do any or all of the following as UBP, in its discretion, shall determine: (a) if a City Default is by reason of the failure to pay any monies, UBP may (without obligation to do so) make payment on behalf of the City of such monies, and any amount so paid by UBP shall be payable by the City to UBP within sixty (60) business days after demand therefor by UBP; (b) UBP may cure a City Default (but this shall not obligate UBP to cure or attempt to cure a City Default or, after having commenced to cure or attempted to cure a City Default, to continue to do so), and all costs and expenses reasonably incurred by UBP in curing or attempting to cure such City Default, shall be payable by the City to UBP within sixty (60) business days of demand by UBP; (c) UBP may seek specific performance, injunctive relief, or other equitable remedies, requiring the City to perform its obligations under this Lease; (d) UBP may exercise any of its rights and remedies at law or in equity; (e) UBP may seek to recover its losses and any amounts due and payable by the City under this Lease and, in connection therewith, exercise any recourse available to UBP; (f) The Term of the Lease (and the term of the Liberty Lease) shall be extended for such period as the City Default continues until cured, at which point the extended Term of the Leases will be evidenced by amendment; and (g) UBP may exercise any of its other rights and remedies provided for hereunder.
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Remedies for City Default. Upon the occurrence of a default by the City under Section 7.3.1, the Authority shall first satisfy itself from funds paid in advance to the Authority pursuant to Section 5.1. In the event such amounts are not sufficient to cover all payments then due to the Authority, this Agreement shall immediately terminate upon notice from the Authority, provided that if such default is cured by the City at any time during the thirty
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Remedies for City Default. In the event of an uncured default by City hereunder, Xxxxxxxxx’s sole remedy shall be to terminate this Agreement and to seek reimbursement in accordance with Section 7.3. Upon such termination, Developer shall be entitled to repayment of the remaining Good Faith Deposit and any interest earned thereon, as further provided in Section 5 and, neither Party shall have any further right, remedy or obligation under this Agreement; provided however, any obligation under a specific provision of this Agreement for a Party to pay or reimburse the other Party for a cost or to provide indemnity and defense shall survive such termination. Except as expressly provided herein, neither Party shall have any liability to the other for damages or otherwise for any default, nor shall either Party have any other claims with respect to performance under this Agreement. Each Party specifically waives and releases any such rights or claims they may otherwise have at law or in equity.
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Remedies for City Default. Upon the occurrence of an Event of Default by CITY, LESSEE may, at its option, upon written notice: (i) terminate this Lease Agreement, vacate the Premises and be relieved from all further obligations under this Lease Agreement (except as may expressly survive this Lease Agreement); (ii) perform the obligation(s) of CITY specified in such notice, in which case any expenditures reasonably made by LESSEE in so doing shall be deemed paid for the account of CITY and CITY agrees to reimburse LESSEE for said expenditures upon demand; (iii) take any actions that are consistent with LESSEE’s rights; (iv) xxx for injunctive relief, and/or xxx for specific performance, and/or xxx for damages, and/or set-off from rent any amount reasonably expended by LESSEE as a result of such Event of Default.
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Remedies for City Default. Upon the occurrence of any City Default, the Redeveloper may pursue the following remedies: A. With respect to a City Default described in Section 19.5(A), the Redeveloper shall be entitled to recover from the City any and all actual damages, including reasonable attorneys’ fees incurred by the Redeveloper, arising out of or resulting from the breach of such representation or warranty. B. With respect to a City Default described in Section 19.5(B) or (C), the Redeveloper may pursue any one or more of the following remedies concurrently or successively, it being the intent hereof that none of such remedies shall be to the exclusion of any other: (i) Pursue an action for specific performance of the City’s obligations under this Agreement; (ii) Pursue an action for any and all actual damages incurred by or asserted against the Developer as a result of the City Default; and (iii) Exercise or pursue any other remedy or cause of action permitted under this Agreement or conferred upon the Redeveloper at law or in equity.
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Remedies for City Default 
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Related to Remedies for City Default

  • Remedies for Default (a) Enterprise Services’ rights to suspend and terminate Contractor’s rights under this Master Contract are in addition to all other available remedies. (b) In the event of termination for default, Enterprise Services may exercise any remedy provided by law including, without limitation, the right to procure for all Purchasers replacement goods and/or services. In such event, Contractor shall be liable to Enterprise Services for damages as authorized by law including, but not limited to, any price difference between the Master Contract price and the replacement or cover price as well as any administrative and/or transaction costs directly related to such replacement procurement – e.g., the cost of the competitive procurement.

  • Remedies on Default If a Credit is in effect and an Event of Default shall occur and be continuing pursuant to above paragraphs (a) or (b) of Section 9.1, the Trustee may, and upon the request of the Credit Provider or upon the request of Holders owning not less than twenty-five percent (25%) principal amounts of Bonds outstanding (accompanied by the written consent of the Credit Provider) shall take any one or more of the following actions: (a) Declare all Lease Payments to be immediately due and payable (being an amount equal to that necessary to pay in full the principal of and interest accrued to the date for payment of all Bonds then outstanding, assuming acceleration of the Bonds under the Indenture, and to pay all other amounts due and payable hereunder), whereupon the same shall become immediately due and payable. (b) Take possession of the Facilities without termination of this Agreement, and use its best efforts to sublease the Facilities for the account of the Company, holding the Company liable for the difference between the rentals and other amounts received from the sublessee and the Lease Payments and other amounts payable by the Company hereunder. (c) Terminate this Agreement, exclude the Company from possession of the Facilities, and use its best efforts to lease or sell the Equipment and Improvements to another for the account of the Company, holding the Company liable for the difference between the rentals or purchase price received and the amounts which would have been receivable hereunder. Whenever any Event of Default occurs and is continuing, and if the Credit is not in effect, the Issuer or the Trustee may, and upon the request of Holders owning not less than twenty-five percent (25%) principal amount of all Bonds Outstanding shall, take whatever action, at law or in equity, as may appear necessary or desirable to enforce performance and observance of any obligation, agreement or covenant of the Company under this Agreement. Any amounts collected pursuant to action taken under this Section shall be paid into the Bond Fund, except as provided in the Indenture, and applied in accordance with the provisions of the Indenture, or if the Bonds have been fully paid (or provision for payment thereof has been made in accordance with the provisions of the Indenture) and all sums owing hereunder by the Company to the Issuer have been paid, the amount so collected shall be paid first to the Credit Provider to the extent of any amounts owing under the Reimbursement Agreement and then to the Company.

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