Rights of Financing Party Sample Clauses

Rights of Financing Party. Notwithstanding any contrary term of this Agreement:
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Rights of Financing Party. Upon the exercise of remedies under its security interest or enforcement rights in the Solar Array or in this Agreement, including in the event of a foreclosure or seizure of Tenant’s rights or property, Landlord agrees to permit such Tenant Financing Party to exercise any and all rights of Tenant hereunder, so long as there are no existing uncured defaults or Tenant Financing Party otherwise resolves any existing Tenant Events of Default within the time periods provided for in Section 9.2(c) above, and provided further that (i) Tenant or Tenant Financing Party shall give Landlord prompt written notice of any such foreclosure, seizure or exercise of rights, and (ii) Tenant Financing Party shall enter into a direct agreement with Landlord, or, at Landlord’s option, otherwise agree, in writing, to be liable for the obligations of Tenant arising out of this Lease.
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Related to Rights of Financing Party

  • Exclusion of Rights of Third Parties Nothing in these terms and conditions shall confer on any third party a right to enforce any provision herein and the provisions of the Contracts (Rights of Third Parties) Act (Chapter 53B) which might otherwise be interpreted to confer such rights shall not apply and are expressly excluded from applying herein and no consent of any third party is required for any variation (including any release or compromise of any liability) or termination of these terms and conditions.

  • REMEDIES OF THE PARTIES A. If BUYERS fail to timely perform this Agreement, SELLERS may forfeit it as provided in the Iowa Code (Chapter 656), and all payments made shall be forfeited; or, at SELLERS' option, upon thirty days written notice of intention to accelerate the payment of the entire balance because of BUYERS' default (during which thirty days the default is not corrected), SELLERS may declare the entire balance immediately due and payable. Thereafter this agreement may be foreclosed in equity and the Court may appoint a receiver.

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