Remedies in Case of Default. If this Power Purchase Agreement is in default, we may take any one or more of the following actions. If the law requires us to do so, we will give you notice and wait any period of time required before taking any of these actions. We may:
Remedies in Case of Default. If this Lease is in default, we may take any one or more of the following actions. If the law requires us to do so, we will give you notice and wait any period of time required before taking any of these actions. We may:
Remedies in Case of Default. If an Event of Default shall occur, Beneficiary may exercise any one or more of the following rights and remedies, in addition to any other remedies which may be available by law, in equity, or otherwise:
Remedies in Case of Default. Section 7.1. If any of the following events occurs, it is hereby defined as and is declared to be and to constitute an “event of default”:
Remedies in Case of Default. (1) Subject to the provisions of Section 7.4, if the Corporation shall have failed to pay to the Trustee, forthwith after the same shall have been declared to be due and payable under Section 7.3, the principal of and interest on all Debentures of each applicable series then outstanding, together with all other amounts due hereunder with respect thereto, the Trustee may in its discretion and shall upon receipt of a Debentureholders’ Request of the holders of such series and upon being indemnified and funded to its reasonable satisfaction against all costs, expenses and liabilities to be incurred, proceed in its name as Trustee hereunder to obtain or enforce payment of the said principal of and interest on all the Debentures of such series then outstanding, together with any other amounts due hereunder with respect thereto by such proceedings authorized by this Indenture or by law or equity as counsel to the Trustee shall deem expedient or as the Trustee shall in such request shall have been directed to take.
Remedies in Case of Default. (a) Whenever the Lessee fails to comply with any of the provisions of the Act, or the terms and stipulations of this lease, or of the regulations issued under the Act, or of any order issued pursuant to those regulations, and that default shall continue for a period of thirty (30) days after service of notice by the Lessor, the Lessor may (1) suspend operations until the requested action is taken to correct the noncompliance, or (2) cancel the lease in accordance with Sec. 12 of the Act (30 U.S.C. 1011). However, the 30-day notice provision applicable to this lease under Sec. 12 of the Act shall also apply as a prerequisite to the institution of any legal proceedings by the Lessor to cancel this lease while it is in a producing status. Nothing in this subsection shall be construed to apply to, or require any notice with respect to any legal action instituted by the Lessor other than an action to cancel the lease pursuant to Sec. 12 of the Act.
Remedies in Case of Default. 6.01. If any one or more of the following events shall occur and be continuing:
Remedies in Case of Default. 7.1 If an Event of Default occurs and provided same is continuing, the Trustee may, at its discretion, declare the Hypothec hereby constituted by each Grantor to have become enforceable.
Remedies in Case of Default. 8.1 The occurrence of any one or more of the foregoing events, by the mere lapse of time for performance and, unless expressly otherwise provided hereunder or pursuant to the terms of the CREDIT AGREEMENT, without the necessity of any notice or other proceeding, shall constitute an EVENT OF DEFAULT. Upon the occurrence of any EVENT OF DEFAULT (and without prejudice to the demand nature of any of the INDEBTEDNESS), the GRANTOR will lose the benefit of any term for payment granted by the CREDITOR and all INDEBTEDNESS will become immediately due and payable and the GRANTOR will, without the necessity of demand or notice (other than as may be required by law) repay the INDEBTEDNESS to the CREDITOR, failing which, in addition to all hypothecary rights and other remedies and recourses presently or in the future available under law:
Remedies in Case of Default. If an Event of Default shall occur, Beneficiary or Trustee may exercise any one or more of the following rights and remedies, in addition to any other remedies that may be available by law, in equity, or otherwise:
