Remedy for Default. One or more Parties, individually or collectively, may seek appropriate remedies in court, including, but not limited to, specific performance and equitable relief, in the event of a Default by another Party.
Remedy for Default. Upon the occurrence of an Event of Default, either party shall have the right to pursue any remedy it may have at law or equity, including but not limited to reducing its claim to judgment, including seeking an award of attorneys fees and costs, taking action to cure the Event of Default, and termination of the Contract.
Remedy for Default. In the case of an Event of Default or if the Service Provider fails to supply and provide the Services or any part thereof in accordance with this Agreement, the City may, without limiting any other rights it may have, remedy any deficiency and may engage others to do so, and may charge against the Service Provider all extra costs and expenses in doing so. The City will be under no obligation to remedy any failure or deficiency on the part of the Service Provider and will not incur any liability to the Service Provider for any action or omission in the course of its remedying or attempting to remedy any such failure or deficiency.
Remedy for Default. If at any time during one or more Interest Periods the effect of any one or more Defaults is to cause the Source of Debt Service received by the Borrower and payable to the Lenders to be insufficient to satisfy any payment obligation when due under the Loan Agreement, any of the Notes or the Letter Agreement (the difference between the amount of the Source of Debt Service received with respect to any Interest Period by the Borrower and payable to the Lenders under the Loan Agreement, any of the Notes or the Letter Agreement and the amount which would have been so received and payable but for such Default or Defaults, the "Default Shortfall"), then each of the Producers which caused or is responsible for such Default or to which such Default relates shall be obligated to pay an aggregate amount to the Tranche A Lender and the Agent for the account of the Tranche B Lenders, on the dates when due during or at the end of such Interest Period, in the manner and with the effect of payments made by the Borrower as provided in the Loan Agreement, the relevant Notes or the Letter Agreement, on account of its Liability Share of the Default Shortfall, such that the net aggregate amount received from each such Producer by the Tranche A Lender and the Agent for the account of the Tranche B Lenders pursuant to this Section 3.2, after deduction of all Taxes required to be deducted or withheld from, or otherwise paid by the Lenders with respect to, such payment (but excluding Excluded Taxes required to be so deducted, withheld or paid solely to the extent that the amount of such Excluded Taxes does not exceed the amount of Excluded Taxes that would have been deducted, withheld or otherwise paid by the Lenders, if there had been no Default Shortfall, and the net amount were paid to, and received by, the Lenders out of the Source of Debt Service), shall equal such Producer's Liability Share of the Default Shortfall. The provisions of this Section 3.2 shall apply to breaches of Section 1.17(b) as if such breaches were a Default, whether or not notice of such breach is given to the Producers by the Tranche A Lender or the Agent.
Remedy for Default. If the Contractor, in the sole judgment of the City, shall violate or fail properly to comply with or perform in any material respect any condition, provision, or warranty hereof, the City shall have the right by prior written notice to the Contractor to have the services called for hereby otherwise performed, and/or to terminate this contract without prejudice to any other rights or remedies of the City under this contract. The Contractor shall pay any excess in the City's cost to so procure the services and any related goods, supplies, materials or equipment. In addition, and without limiting any other remedies available to the City, the Contractor shall be liable for all losses, costs and expenses incurred by the City which result from the Contractors noncompliance.
Remedy for Default. In the event of default of performance of any provision herein, the defaulting party agrees to pay all costs of enforcing this XXX or any right arising out of the breach thereof, including reasonable attorney’s fees.
Remedy for Default. A description of the cooperative affordable housing corporation's possessory remedy in the event of default. Good cause is required for termination of the right of occupancy. "Good cause" includes nonpayment of loans, fees, costs or assessments pertaining to the cooperative interest or material violation of bylaws, rules or proprietary lease that continues following reasonable notice and reasonable opportunity to cure the alleged material violations; and [PL 1993, c. 300, §1 (NEW).]
Remedy for Default. If the Contractor, in the sole judgment of the Town, violates or fails to properly comply with or perform in any material respect any condition, provision, or warranty hereof, the Town shall have the right, without prejudice to any other remedy the Owner may have, by prior written notice to the Contractor to have the services called for hereby otherwise performed, and/or to terminate this contract without prejudice to any other rights or remedies of the Town under this contract. Written notice shall be responded to by the Contractor within a ten-day period after receipt of such notice from the Owner. The Contractor shall pay any excess in the Town's cost to so procure the services and any related goods, supplies, materials or equipment. In addition, and without limiting any other remedies available to the Town, the Contractor shall be liable for all losses, costs and expenses incurred by the Town which result from the Contractors noncompliance.
Remedy for Default. 3.1 If any party is in breach of any provision of this Agreement, the other party shall be entitled to enforce the specific performance of this Agreement and to claim for actual damages.
Remedy for Default. If you breach any obligation under this Agreement which remains unremedied after 5 Business Days notice, We may, without further notice to You and without limitation to any other remedies available to Us:
(a) charge You interest on any sum due at 16% per annum from the due date until the date of payment in full;
(b) charge You for all expenses and costs (including legal costs on an indemnity basis) incurred by Us resulting from the default and in taking whatever action We deem appropriate to recover any sum due;
(c) cease or suspend for such period as We think fit, the supply of any further goods or services to You;
(d) by notice in writing to You, terminate any contract with You so far as unperformed by Us or terminate this Agreement immediately.
