REMEMDIES. In the event that the City is required to repay any outstanding liens against the Property in conjunction with its exercise of this Repurchase Option, the City may seek any right or remedy against Owner available to City at law or in equity to recover any payments to lien holders or costs incurred by the City to satisfy such liens. The provisions of this Section are intended to compensate the City for losses directly related to the Buyer’s inability to perform. Nothing contained herein is intended to prohibit Owner from claiming for any liens the proceeds of which were used to improve the property and which have increased the fair market value of the Property at the time the City exercises its rights to repurchase pursuant to this Agreement.
REMEMDIES. If any Event of Default occurs, the U.S. Agent shall, at the request of, or may, with the consent of, the Majority Lenders,
(a) declare the Commitment of each Lender to make Loans and any obligation of the Issuing Bank to Issue Letters of Credit to be terminated, whereupon such Commitments and obligation shall be terminated;
(b) declare an amount equal to the maximum aggregate amount that is or at any time thereafter may become available for drawing under any outstanding Letters of Credit (whether or not any beneficiary shall have presented, or shall be entitled at such time to present, the drafts or other documents required to draw under such Letters of Credit) to be immediately due and payable, and declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower; and
(c) exercise on behalf of itself, the Issuing Bank or the Lenders all rights and remedies available to it, the Collateral Agents, the Issuing Bank or the Lenders under the Loan Documents or applicable law; provided, however, that upon the occurrence of any event specified in Subsection (y) or of Section 8.1, with respect to either Borrower, the obligation of each Lender to make Loans and any obligation of the Issuing Bank to Issue Letters of Credit shall automatically terminate and the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable without further act of the Agent, the Issuing Bank or any Lender.
REMEMDIES. The remedies reserved in each order shall be cumulative and additional to any other or further remedies provided in law or equity. 18.) INCONSISTENCIES. In the event the printed conditions hereof are inconsistent with the typed, stamped and/or written provisions, the face hereof written, stamped and/or typed provisions shall govern.
REMEMDIES. The Subsidiary Guarantors jointly and severally agree that, as between the Subsidiary Guarantors and the Lenders, the obligations of the Company under this Agreement and the Notes may be declared to be forthwith due and payable as provided in Section 11 hereof (and shall be deemed to have become automatically due and payable in the circumstances provided in said Section 11) for purposes of Section 6.01 hereof notwithstanding any stay, injunction or other prohibition preventing such declaration (or such obligations from becoming automatically due and payable) as against the Company and that, in the event of such declaration (or such obligations being deemed to have become automatically due and payable), such obligations (whether or not due and payable by the Company) shall forthwith become due and payable by the Subsidiary Guarantors for purposes of said Section 6.01.
