Remedies for Payment Default Sample Clauses

Remedies for Payment Default. If a Payment Default occurs, the Non-Defaulting Party may suspend performance of its obligations under this Agreement. Further, the Non-Defaulting Party may (A) at any time during the continuation of the Default Event, terminate this Agreement upon five (5) days prior written notice to the Defaulting Party, and (B) pursue any remedy under this Agreement, at law or in equity, including an action for damages.
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Remedies for Payment Default. If a Payment Default occurs, the Non-Defaulting Party may suspend performance of its obligations under this Agreement; however, if Seller is the Non-Defaulting Party, it agrees not to disconnect the System and suspend delivery of Energy to Customer when school and/or summer school, or other educational programs are in session. Further, the Non- Defaulting Party may (A) at any time during the continuation of the Default Event, terminate this Agreement upon five days prior written notice to the Defaulting Party, and (B) pursue any remedy under this Agreement, at law or in equity, including an action for damages.
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Remedies for Payment Default. If a Payment Default occurs, Seller may suspend performance of its obligations under this Agreement. Further, Seller may pursue any remedy under this Agreement, at law or in equity, including without limitation an action for damages and termination of this Agreement. . In the event Seller elects to suspend performance, Purchaser shall compensate Seller for all Lost Seller Revenues for the duration of such suspension.
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Remedies for Payment Default. If a Payment Default occurs (other than an amount that is subject to a good faith dispute), a Non-Defaulting Party may suspend performance of its obligations under this Agreement. Further, a Non-Defaulting Party may pursue any remedy under this Agreement, at law or in equity, including an action for damages (not including consequential or punitive damages) and termination of this Agreement, upon ten (10) days’ prior written notice to the Defaulting Party following the Payment Default; provided, however, the Defaulting Party may revoke such termination if it pays the amount due and payable under this Agreement within such ten (10) day period. For the avoidance of doubt, this expressly includes any damages resulting from DOER 225 CMR 20.06.
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Remedies for Payment Default. In the event that Purchaser fails to make any payment as required in this Agreement other than pursuant to the set-off rights under Section 9.6 above, and after proper notice and an opportunity to cure the default as set forth below, the contractual rights as set forth in the SR Agreement shall revert back to a company, Register.sr, Inc., controllex xx xxx Xxllers as designated by the Sellers. Upon exercise of Sellers' reversion rights hereunder, Purchaser shall take reasonable measures to transfer the SR Agreement to Register.sr, Inc. Prior to xxx xxxxxxxon of contractual rights as described hereunder, Sellers shall provide Purchaser with notification of default and will further provide Purchaser thirty (30) days from the date upon which the notice is sent by Sellers to cure the default. In the event of a reversion under this Section 9.7, any and all liabilities and Losses for any and all breaches by or claims against Purchaser under this Agreement, including pursuant to Purchaser's indemnification obligations under Section 9.3 of this Agreement, shall be fully satisfied by such reversion and Purchaser shall have no further liability under this Agreement thereafter; provided, however, Sellers may continue to recover the Purchase Price, payment of which shall be deemed accelerated and immediately due and owing in its entirety upon default of the Purchaser as set forth herein.
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Remedies for Payment Default. Upon the occurrence of any Base Rent Payment Default, Security Deposit Payment Default, Purchase Price Payment Default or Bankruptcy Default (collectively, the "PAYMENT DEFAULT") and at any time thereafter so long as Tenant shall not have remedied all outstanding Payment Defaults, Landlord may do one or more of the following as Landlord may in its sole discretion elect (provided, that with respect to any Base Rent Payment Default or Purchase Price Payment Default, so long as Tenant satisfies the Minimum Coverage Ratio, Landlord may only exercise the remedies set forth below with respect to the Premises to which such Base Rent Payment Default or Purchase Price Payment Default relates): (i) Terminate this Lease, whereupon Landlord may, without breach of the peace and in accordance with applicable law, repossess the Premises and be entitled to recover as damages a sum of money equal to the total of (a) the reasonable cost of recovering possession of the Premises, (b) the reasonable cost of removing and storing Tenant's or any other occupant's property, (c) the unpaid Total Rent and any other reasonable sums accrued hereunder at the date of termination, and (d) any other damages owed by Tenant to Landlord under applicable law which are caused by such default; or (ii) Without having terminated this Lease, enter upon and take possession of the Premises, whereupon Landlord may, without breach of the peace and in accordance with applicable law, repossess the Premises by forcible entry or detainer suit, without terminating this Lease and without becoming liable for damages or guilty of trespass, in which event Landlord shall use reasonable efforts to relet the Premises for the account of Tenant. Upon termination of Tenant's right of possession to the Premises as provided herein, Tenant shall be liable for and shall pay to Landlord all Base Rent (and, if applicable, Overdue Rent) payable by Tenant under this Lease (monthly, without acceleration) plus an amount equal to (a) the reasonable cost of recovering possession of the Premises, (b) the reasonable cost of removing and storing any of Tenant's or any other occupant's property left on the Premises after re-entry, (c) the reasonable cost of any reletting and of the collection of the rent accruing from such reletting, (d) any other reasonable costs incurred by Landlord in connection with any such reletting, and (e) any other damages owed by Tenant to Landlord under applicable law, all reduced by any sums received by...
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Related to Remedies for Payment 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.

  • Event of Default Remedies 8.1 Any one or more of the following acts or omissions of the Contractor shall constitute an event of default hereunder (“Event of Default”): 8.1.1 failure to perform the Services satisfactorily or on schedule; 8.1.2 failure to submit any report required hereunder; and/or 8.1.3 failure to perform any other covenant, term or condition of this Agreement. 8.2 Upon the occurrence of any Event of Default, the State may take any one, or more, or all, of the following actions: 8.2.1 give the Contractor a written notice specifying the Event of Default and requiring it to be remedied within, in the absence of a greater or lesser specification of time, thirty (30) days from the date of the notice; and if the Event of Default is not timely cured, terminate this Agreement, effective two (2) days after giving the Contractor notice of termination; 8.2.2 give the Contractor a written notice specifying the Event of Default and suspending all payments to be made under this Agreement and ordering that the portion of the contract price which would otherwise accrue to the Contractor during the period from the date of such notice until such time as the State determines that the Contractor has cured the Event of Default shall never be paid to the Contractor; 8.2.3 give the Contractor a written notice specifying the Event of Default and set off against any other obligations the State may owe to the Contractor any damages the State suffers by reason of any Event of Default; and/or 8.2.4 give the Contractor a written notice specifying the Event of Default, treat the Agreement as breached, terminate the Agreement and pursue any of its remedies at law or in equity, or both.

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