Common use of Remedies on Event of Default Clause in Contracts

Remedies on Event of Default. Upon the occurrence of any Event of Default, the County may exercise any of the following remedies against the defaulting entity, any of which may be exercised at any time during the periods permitted under the following clauses: (a) terminate this Agreement by delivery of written notice to the defaulting entity not less than thirty (30) days prior to the termination date specified therein; (b) have access to and inspect, examine, and make copies of the books, records, and accounts of the defaulting entity pertaining to the construction, acquisition, or maintenance of the Project; or (c) take whatever action at law or in equity as may appear necessary or desirable to collect the amounts then due and thereafter to become due or to enforce observance or performance of any covenant, condition, or agreement of the defaulting entity under this Agreement.

Remedies on Event of Default. Upon the occurrence of any Event of Default, the County may exercise any of the following remedies against the defaulting entityparty, any of which may be exercised at any time during the periods permitted under the following clauses: (a) terminate this Agreement by delivery of written notice to the defaulting entity not less than thirty (30) days prior to the termination date specified therein; (b) have access to and inspect, examine, and make copies of the books, records, and accounts of the defaulting entity pertaining to the construction, acquisition, or maintenance of the Project; or (c) take whatever action at law or in equity as may appear necessary or desirable to collect the amounts then due and thereafter to become due or to enforce observance or performance of any covenant, condition, or agreement of the defaulting entity under this Agreement.