Common use of StadCo’s Remedies Clause in Contracts

StadCo’s Remedies. Upon the occurrence of any Authority Event of Default and while such remains uncured, StadCo may, as its sole and exclusive remedies:‌ (a) StadCo may terminate this Agreement pursuant to Section 15.4 below; (b) StadCo may (but under no circumstance shall be obligated to) do whatever the Authority is obligated to do under the terms of this Agreement (such right of StadCo, herein called “StadCo’s Self Help Right”) and the Authority agrees to reimburse StadCo on demand for any reasonable expenses that StadCo may incur in effecting compliance with the Authority’s obligations under this Agreement. No action taken by StadCo under this Section 15.3(b) shall relieve the Authority from any of its obligations under this Agreement or from any consequences or liabilities arising from the failure to perform such obligations; and (c) StadCo may exercise any and all other remedies available to StadCo at law or in equity (to the extent not otherwise specified or listed in this Section 15.3), but subject to any limitations thereon set forth in this Agreement.

Appears in 5 contracts

Samples: Stadium Lease Agreement, Stadium Lease Agreement, Stadium Lease Agreement

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StadCo’s Remedies. Upon the occurrence of any Authority Event of Default and while such remains uncured, StadCo may, as its sole and exclusive remedies:‌remedies: (a) StadCo may terminate this Agreement pursuant to Section 15.4 below; (b) StadCo may (but under no circumstance shall be obligated to) do whatever the Authority is obligated to do under the terms of this Agreement (such right of StadCo, herein called “StadCo’s Self Help Right”) and the Authority agrees to reimburse StadCo on demand for any reasonable expenses that StadCo may incur in effecting compliance with the Authority’s obligations under this Agreement. No action taken by StadCo under this Section 15.3(b) shall relieve the Authority from any of its obligations under this Agreement or from any consequences or liabilities arising from the failure to perform such obligations; and (c) StadCo may exercise any and all other remedies available to StadCo at law or in equity (to the extent not otherwise specified or listed in this Section 15.3), but subject to any limitations thereon set forth in this Agreement.

Appears in 3 contracts

Samples: Stadium Lease Agreement, Stadium Lease Agreement, Stadium Lease Agreement

StadCo’s Remedies. Upon the occurrence of any Authority Event of Default and while such remains uncured, StadCo may, as its sole and exclusive remedies:‌of (a) StadCo may terminate this Agreement pursuant to Section 15.4 below; (b) StadCo may (but under no circumstance shall be obligated to) do whatever the Authority is obligated to do under the terms of this Agreement (such right of StadCo, herein called “StadCo’s Self Help Right”) and the Authority agrees to reimburse StadCo on demand for any reasonable expenses that StadCo may incur in effecting compliance with the Authority’s obligations under this Agreement. No action taken by StadCo under this Section 15.3(b) shall relieve the Authority from any of its obligations under this Agreement or from any consequences or liabilities arising from the failure to perform such obligations; and (c) StadCo may exercise any and all other remedies available to StadCo at law or in equity (to the extent not otherwise specified or listed in this Section 15.3), but subject to any limitations thereon set forth in this Agreement.

Appears in 3 contracts

Samples: Stadium Lease Agreement, Stadium Lease Agreement, Stadium Lease Agreement

StadCo’s Remedies. Upon the occurrence of any Authority Event of Default and while such remains uncured, StadCo may, as its sole and exclusive remedies:‌remedies: (a) StadCo may terminate this Agreement pursuant to Section 15.4 (Termination) below; (b) StadCo may (but under no circumstance shall be obligated to) do whatever the Authority is obligated to do under the terms of this Agreement (such right of StadCo, herein called “StadCo’s Self Help Right”) and the Authority agrees to reimburse StadCo on demand for any reasonable expenses that StadCo may incur in effecting compliance with the Authority’s obligations under this Agreement. No action taken by StadCo under this Section 15.3(b) shall relieve the Authority from any of its obligations under this Agreement or from any consequences or liabilities arising from the failure to perform such obligations; and (c) StadCo may exercise any and all other remedies available to StadCo at law or in equity (to the extent not otherwise specified or listed in this Section 15.315.3 (StadCo’s Remedies)), but subject to any limitations thereon set forth in this Agreement.

Appears in 2 contracts

Samples: Stadium Lease Agreement, Stadium Lease Agreement

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StadCo’s Remedies. Upon the occurrence of any Authority Event of Default and while such remains uncureduncured following the expiration of any applicable cure period set forth in Section 16.1(a), StadCo may, as its sole and exclusive remedies:‌remedies: below. (ab) Termination. StadCo may terminate this Agreement pursuant to Section 15.4 below; (b) StadCo may (but under no circumstance shall be obligated to) do 16.4 CONFIDENTIAL whatever the Authority is obligated to do under the terms of this Agreement (such right of StadCo, herein called “StadCo’s Self Self-Help Right”) and the Authority agrees to reimburse StadCo on demand for any reasonable expenses that StadCo may incur in effecting compliance with the Authority’s obligations under this Agreement plus interest at the Default Rate; provided, however, the Authority shall not be obligated to expend in the aggregate in excess of the Authority Contribution Amount (plus the amount of any Excluded Costs) under the terms of this Agreement. No action taken by StadCo under this Section 15.3(b16.3(b) shall relieve the Authority from any of its obligations under this Agreement or from any consequences or liabilities arising from the failure to perform such obligations; and (c) StadCo may exercise any and all other remedies available to StadCo at law or in equity (to the extent not otherwise specified or listed in this Section 15.3), but subject to any limitations thereon set forth in this Agreement.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

StadCo’s Remedies. Upon the occurrence of any Authority Event of Default and while such remains uncured, StadCo may, as its sole and exclusive remedies:‌ (a) StadCo may terminate this Agreement pursuant to Section 15.4 (Termination) below; (b) StadCo may (but under no circumstance shall be obligated to) do whatever the the‌ Authority is obligated to do under the terms of this Agreement (such right of StadCo, herein called “StadCo’s Self Help Right”) and the Authority agrees to reimburse StadCo on demand for any reasonable expenses that StadCo may incur in effecting compliance with the Authority’s obligations under this Agreement. No action taken by StadCo under this Section 15.3(b) shall relieve the Authority from any of its obligations under this Agreement or from any consequences or liabilities arising from the failure to perform such obligations; and (c) StadCo may exercise any and all other remedies available to StadCo at law or in equity (to the extent not otherwise specified or listed in this Section 15.315.3 (StadCo’s Remedies)), but subject to any limitations thereon set forth in this Agreement.

Appears in 1 contract

Samples: Stadium Lease Agreement

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