Common use of Rights and Remedies for Breach Clause in Contracts

Rights and Remedies for Breach. In the event Licensee shall be in breach of this Agreement and such breach continues beyond any applicable cure period provided herein, UTILITY may exercise any one or more of the following rights and remedies: (a) terminate this entire Agreement or terminate or cancel any Permit(s) or Conditional License(s) given pursuant to this Agreement; (b) take any and all corrective action UTILITY deems necessary or appropriate to cure such default and charge the Cost thereof to Licensee, together with interest at the rate specified by the Internal Revenue Service for tax underpayments (ii) an administrative charge in an amount equal to twenty percent (20%) of the Cost of the corrective action, such payment to be made by Licensee upon UTILITY's presentment of demand therefor; (c) stop processing applications for new Attachments or (d) exercise any other remedy available to UTILITY under this Agreement or at law or equity.

Rights and Remedies for Breach. In the event Licensee shall be in breach of this Agreement and such breach continues beyond any applicable cure period provided herein�erein, UTILITY may exercise any one or more of the following rights and remedies: (a) terminate this entire Agreement or terminate or cancel any Permit(s) or Conditional License(s) given pursuant to this Agreement; (b) take any and all corrective action UTILITY deems necessary or appropriate to cure such default and charge the Cost thereof to Licensee, together with interest at the rate specified by the Internal Revenue Service for tax underpayments (ii) an administrative charge in an amount equal to twenty percent (20%) of the Cost of the corrective action, such payment to be made by Licensee upon UTILITY's presentment of demand therefor; (c) stop processing applications for new Attachments or (d) exercise any other remedy available to UTILITY under this Agreement or at law or equity.