Rights Remedies and Obligations on Default Sample Clauses

Rights Remedies and Obligations on Default. If Lessee defaults whether Lessee has been notified of the default or not by Lessor and such default remains uncured for a period of 15, days, Lessor may exercise any one or more of the following remedies: (a) terminate the Lease and Lessee’s rights under this Lease; (b) declare immediately due and payable all unpaid lease payments (whether or not accrued as of such date) and all other charges due under this Lease including, without limitation, all reasonable expenses of costs of collection, enforcement, repossession, sale and maintenance (including reasonable attorneys’ fees); (c) assess a default fee of two hundred fifty dollars and default interest on any past due rental payments at the rate of 1.8% per month from the date of default; (d) exercise and enforce any and all rights and remedies available upon default to a secured party under the UCC (as defined below) including the right to remove and repossess the Collateral (as defined below), or any evidence thereof, proceeding without judicial process or by judicial process (without a prior hearing or notice thereof, which Lessee hereby expressly waives) and the right to sell, lease or otherwise dispose of any or all of the Collateral (with or without giving any warranties as to the Collateral, title to the Collateral or similar warranties), and, in connection therewith, Lessee will on demand assemble the Collateral and make it available to Lessor at a place to be designated by Lessor which is reasonably convenient to both parties; and (e) exercise any other rights and remedies available to Lessor by any other law or agreement. If after reasonably attempting to repossess the container in question, the Lessor is unable to repossess the container for whatever reason the Lessee will be responsible to pay for the replacement cost of the container which is not to be less than $3,500 per container as defined in section 10. herein plus any and all other fees as described in this section. In order to satisfy all state laws, these Commercial Property Lease Terms and Conditions will be considered the official notice of repossession in advance of a delinquent Lessee. In other words, Lessee is hereby put on notice that Lessor has provided written notice of repossession upon any portion of Lessee’s account remaining delinquent for 75 days or more. Lessee has an additional 30 days to reclaim their possessions according to state laws and as described in this section 13. On day 31 past the initial 75 day delinquent per...
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Rights Remedies and Obligations on Default 
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Related to Rights Remedies and Obligations on Default

  • RIGHTS AND REMEDIES ON DEFAULT If an Event of Default occurs under this Agreement, at any time thereafter, Lender may exercise any one or more of the following rights and remedies: Accelerate Indebtedness. Declare all Indebtedness, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without notice of any kind to Grantor.

  • Remedies on Default Whenever an Event of Default shall have happened and be subsisting, either or both of the following remedial steps may be taken:

  • Events of Default Remedies on Default Events of Default . Each of the following shall be an "Event of Default" if it occurs for any reason whatsoever, whether voluntary or involuntary, by operation of law or otherwise:

  • Remedies on Default Etc 31 12.1. Acceleration....................................................31

  • LESSOR'S REMEDIES ON DEFAULT If Lessee defaults in the payment of rent or defaults in the performance of any of the other covenants or conditions hereof, Lessor may give Lessee notice of such default and if Lessee does not cure any such default within thirty (30) days after the giving of such notice (or if the default is of a nature that it cannot be completely cured within such period, if Lessee does not commence such cure within such thirty (30) days and thereafter proceed with reasonable diligence and in good faith to cure such default), then Lessor may terminate this Lease on not less than thirty (30) days' notice to Lessee. On the date specified in such notice, the term of this Lease shall terminate and Lessee shall then quit and surrender the Premises to Lessor, without extinguishing Lessee’s liability. If this Lease shall have been so terminated by Lessor, Lessor may at any time thereafter resume possession of the Premises by any lawful means and remove Lessee or other occupants and their effects.

  • Rights and Remedies Upon Default Upon occurrence of any Event of Default and at any time thereafter, the Secured Party shall have the right to exercise all of the remedies conferred hereunder and under the Notes, and the Secured Party shall have all the rights and remedies of a secured party under the UCC and/or any other applicable law (including the Uniform Commercial Code of any jurisdiction in which any Collateral is then located). Without limitation, the Secured Party shall have the following rights and powers:

  • REMEDIES IN DEFAULT In the event of any such material default or breach by Tenant, Landlord may at any time thereafter, with or without notice or demand and without limiting Landlord in the exercise of a right or remedy which Landlord may have by reason of such default or breach:

  • REMEDIES; RIGHTS UPON DEFAULT If any Default shall occur and be continuing, the Secured Party may exercise (in addition to all other rights and remedies granted to it in this Security Agreement) after thirty (30) days notice to IXC (and the notice specified below of time and place of public or private sale), may forthwith collect, receive, appropriate and realize upon the Collateral or any part thereof, and/or may forthwith sell, lease, assign, give option or options to purchase, or sell and deliver said Collateral (or contract to do so), as the case may be, or any part thereof, in one or more parcels at public sale or sales, at any exchange broker's board or at the Secured Party's offices or elsewhere at such prices as it may deem best (subject to Section 2.2 and the last sentence of this Section 5), for cash or on credit or for future delivery without assumption of any credit risk. The Secured Party shall have the right upon any such public sale or sales to purchase the whole or any part of said Collateral so sold. The Secured Party shall pay over the net proceeds of any such collection, recovery, receipt, appropriation, realization or sale, after deducting all reasonable costs and expenses incurred therein or incidental to the care, safekeeping or otherwise of any or all of the Collateral or in any way relating to the rights of the Secured Party hereunder, for application on an equal basis to the payment in whole or in part of the Secured Obligations, and only after such net proceeds need the Secured Party account for the surplus, if any, to IXC. IXC agrees that neither Secured Party needs to give more than thirty (30) days' notice (which notification shall be deemed given when mailed, postage prepaid, addressed to IXC at its address provided pursuant to this Security Agreement) of the time and place of any public sale may take place and that such notice is reasonable notification of such matters. The Secured Party's exercise of the foregoing rights and remedies is subject to the provisions of Section 2.2 and any transferee (including the Secured Party) of any of the Collateral must agree to be bound by such provisions.

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