Self-Help Rights Sample Clauses
The Self-Help Rights clause grants a party the ability to take direct action to remedy a breach or default by the other party without first seeking court intervention. For example, if one party fails to perform a contractual obligation, the non-breaching party may be allowed to withhold payments, repossess goods, or make necessary repairs and charge the costs back to the defaulting party. This clause is designed to provide a swift and efficient means of addressing breaches, minimizing delays and costs associated with formal legal proceedings.
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Self-Help Rights. If Guarantor fails or refuses to perform any or all monetary or non-monetary obligations that are guaranteed hereunder and, in the case of any non-monetary obligations, such failure or refusal continues for twenty (20) days following written notice thereof to Guarantor, then, in addition to any other rights and remedies which any Beneficiary may have hereunder or elsewhere, and not in limitation thereof, any Beneficiary shall have the right (but without any obligation so to do) to take action (including the payment of amounts due to any third party) to satisfy such obligation either before or after the exercise of any right or remedy of United against Contractor or Guarantor. The amounts of any and all expenditures so made by United in satisfaction of such obligation (INCLUDING ANY SUCH EXPENDITURE ARISING FROM OR IN CONNECTION WITH UNITED’S NEGLIGENCE IN TAKING SUCH ACTION, BUT EXCEPTING ANY SUCH EXPENDITURES TO THE EXTENT PROVEN TO HAVE BEEN CAUSED BY OR ARISING FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF UNITED) shall be immediately due and payable to United by Guarantor.
Self-Help Rights. If LCP fails to maintain in good condition and/or repair any damage to Road A and/or Road C as required above, then BCSD may notify LCP in writing. If LCP fails to correct such matters within ninety (90) days of receipt of such notice, or, if such matter cannot be corrected within ninety (90) days, if LCP fails to begin to correct such matter within such ninety (90) day period and complete such matters in a reasonable time thereafter, BCSD may, in its sole discretion, maintain and repair Road A and/or Road C, and LCP shall reimburse BCSD for all actual costs and expenses incurred by BCSD in performing such maintenance and/or repair.
Self-Help Rights. If (i) Overlandlord fails to make repairs or perform its maintenance obligations with regard to the Premises in accordance with the ▇▇▇▇▇▇▇▇▇ then, upon written request of Tenant, Landlord shall provide to Overlandlord the notices referenced in Section 15.04 of the ▇▇▇▇▇▇▇▇▇ and (ii) the other conditions necessary for Landlord to exercise the Self Help Right with regard to the Premises pursuant to Section 15.04 of the ▇▇▇▇▇▇▇▇▇ are met including, without limitation, the expiration of the applicable time period provided to Overlandlord to discharge its obligations as set forth in Section 15.04 of the ▇▇▇▇▇▇▇▇▇ ("Overlandlord's Cure Period"), then Tenant shall have the right to exercise such Self Help Right provided (a) Tenant is not then in default under this Sublease, beyond notice and applicable cure periods, (b) Tenant shall have provided written notification to Landlord that Overlandlord's Cure Period has expired and Overlandlord's failure to make repairs or perform its maintenance obligations with regard to the Premises continues uncured, (c) Landlord has not notified Tenant within two (2) Business Days following delivery of the notice described in the foregoing clause (b) that Landlord elects to exercise the Self Help Right or thereafter Landlord fails to diligently prosecute the applicable repair or maintenance to completion, (d) Tenant's exercise of the Self Help Right shall be performed entirely within the Premises and shall not affect any portion of the ▇▇▇▇▇▇▇▇▇ Premises outside of the Premises, (e) Tenant's exercise of the Self Help Right would not reasonably be expected to interfere with Landlord's use or occupancy of, or rights to exercise the Self Help Right with respect to, any portion of the ▇▇▇▇▇▇▇▇▇ Premises outside of the Premises, and (f) Tenant shall notify Landlord prior to exercising the Self Help Right of its intention to do so. Notwithstanding the foregoing, Tenant shall cease immediately exercising such Self Help Right upon notice that Overlandlord has declared such exercise a default under ▇▇▇▇▇▇▇▇▇.
Self-Help Rights. 15 16.1 Landlord's Self-Help. ...............................................................15 16.2 Tenant's Self-Help. .................................................................15
Self-Help Rights. Notwithstanding anything to the contrary ---------------- contained in this Lease, if (i) Landlord fails to perform any maintenance or repair obligations of Landlord under this Lease (excluding any maintenance and repair to the base building structure and/or base building systems of the Building); (ii) such failure materially adversely affects Tenant's ability to conduct its business in the Premises, and (iii) such failure is not cured within ten (10) business days (or such longer period of time if such cure cannot be accomplished within ten (10) business days, provided Landlord commences such cure within such ten (10) day period and diligently pursues such cure to completion) after receipt of written notice to Landlord (and any mortgagee of which Tenant has been provided written notice) (the "Self-Help Notice"), then Tenant shall have the right, but not the obligation, to have performed such maintenance or repair. In such event, such work shall be performed by competent workmen whose labor union affiliations are not incompatible with those of any workmen then employed in the Building Complex by Landlord, its contractors and subcontractors and such workmen shall carry insurance which complies with the requirements set forth in Section 10.1(f) hereof. Subject to the waiver set forth in Section 10.3 hereof, Tenant shall indemnify, defend and hold harmless Landlord from and against any and all claims, damages, fines, judgments, penalties, costs, expenses, liabilities, or losses relating to any work performed by Tenant's workmen with respect to this Section 32.
Self-Help Rights. In addition to the rights set forth in Section 9.3, if Landlord or Tenant fails to timely pay or perform any of its respective obligations under this Lease, which failure is not cured within all applicable notice, grace and cure periods, then the other party shall have the right but not the obligation to advance any such payment and/or perform any such obligation on the defaulting party’s behalf, in which event the amount of any such advance and/or the out-of-pocket cost of any such performance shall (a) bear interest at the Default Rate until paid in full, and (b) together with any accrued interest, be deemed Additional Rent payable by the defaulting party hereunder within fifteen (15) Business Days after delivery by the curing party of an invoice for such amount.
Self-Help Rights. If Guarantor fails or refuses to perform any or all monetary or non-monetary obligations that are guaranteed hereunder and, in the case of any non-monetary obligations, such failure or refusal continues for twenty (20) days following written notice thereof to Guarantor, then, in addition to any other rights and remedies which any Beneficiary may have hereunder or elsewhere, and not in limitation thereof, any Beneficiary shall have the right (but without any obligation so to do) to take action (including the payment of amounts due to any third party) to satisfy such obligation either before or after the exercise of any right or remedy of Continental against Contractor or Guarantor. The amounts of any and all expenditures so made by Continental in satisfaction of such obligation (including any such expenditure arising from or in connection with continental's negligence in taking such action, but excepting any such expenditures to the extent proven to have been caused by or arising from the gross negligence or willful misconduct of Continental) shall be immediately due and payable to Continental by Guarantor.
Self-Help Rights. If either CCP 29 or CCP 30 (as applicable, the “Non- Performing Party”) fails to perform, in any material respect, its obligations contained in this Easement Agreement on its part to be performed in the manner therein provided, then the other party (as applicable, the “Self Help Party”) shall have the right, but not the obligation, upon thirty (30) days’ written notice to the Non-Performing Party (unless within such thirty (30) day period the Non- Performing Party cures such default, or in the case of a default that by its nature cannot be cured within such thirty (30) day period, such longer period as is reasonably required to cure so long as the Non-Performing Party commences the curing thereof within such thirty (30) day period, and thereafter diligently prosecutes the curing thereof to completion) to proceed to take such action as shall be necessary to cure such default, all in the name of and for the account of the Non-Performing Party. In such case, the Non-Performing Party shall on written demand reimburse the Self-Help Party for the out-of-pocket expenses reasonably incurred by the Self-Help Party (including reasonable attorneys’ fees), in so doing.
Self-Help Rights. If Guarantor fails or refuses to perform any or all Obligations, in the case of any non-monetary Obligations, such failure or refusal continues for [***] following written notice thereof to Guarantor, then, in addition to any other rights and remedies which the Guaranteed Party may have hereunder or elsewhere, and not in limitation thereof, the Guaranteed Party shall have the right (but without any obligation so to do) to take action (including the payment of amounts due to any third party) to satisfy such Obligation either before or after the exercise of any right or remedy of Guaranteed Party against Contractor or Guarantor. The amounts of any and all expenditures so made by Guaranteed Party in satisfaction of such obligation (INCLUDING ANY SUCH EXPENDITURE ARISING FROM OR IN CONNECTION WITH GUARANTEED PARTY’S NEGLIGENCE IN TAKING SUCH ACTION, BUT EXCEPTING ANY SUCH EXPENDITURES TO THE EXTENT PROVEN TO HAVE BEEN CAUSED BY OR ARISING FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF GUARANTEED PARTY) shall be immediately due and payable to Guaranteed Party by Guarantor.
Self-Help Rights. Notwithstanding anything in the Leases to the contrary, in the event Landlord fails to pay (i) any portion of the Improvement Allowance, or (ii) the commission due to County’s Broker as provided hereinbelow, County shall be permitted to pay such amounts and offset same against County’s obligation to pay Rent until fully reimbursed. In addition, in the event Landlord fails to install new carpet in and/or paint the Premises as provided in Section 9(e) hereof, County may perform such work, and Landlord shall reimburse County for the reasonable, out-of-pocket costs incurred by County in connection therewith within thirty (30) days after receipt of County’s written demand, which demand shall be accompanied by paid invoices for such work. If Landlord fails to reimburse County for such costs, County shall be permitted to offset same against County’s obligation to pay Rent until fully reimbursed.
