Suspension of Rights and Remedial Action Sample Clauses

Suspension of Rights and Remedial Action. ‌ During a Step-In Decision Period the Offtaker shall not take any Offtaker Enforcement Action (other than any Offtaker Enforcement Action taken pursuant to Clause 5.3 (Revival of Remedies) in relation to any prior Step-In Decision Period).
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Suspension of Rights and Remedial Action. During a Step-In Decision Period the Offtaker shall not take any Offtaker Enforcement Action (other than any Offtaker Enforcement Action taken pursuant to Clause 5.3 (Revival of Remedies) in relation to any prior Step-In Decision Period). Statement of Amounts Due As soon as reasonably practicable, and in any event within thirty (30) days, after the commencement of a Step-In Decision Period, the Offtaker shall give the Security Trustee a statement of any amounts owed by the Generator to the Offtaker and any outstanding performance obligations of the Generator under the Contract of which the Offtaker is aware as at the date of the Offtaker Enforcement Notice. For the avoidance of doubt, a failure by the Offtaker to include in any such statement an amount owed or a performance obligation outstanding under the Contract shall not limit in any way the obligations or liabilities of the Generator under the Contract or the obligations or liabilities of the Security Trustee or any Appointed Representative or Substitute under or pursuant to this Deed. Revival of Remedies If a Offtaker Enforcement Notice has been given and: neither the Step-In Date nor the Novation Date has occurred before expiry of the Step-In Decision Period; or the Step-In Date has occurred before expiry of the Step-In Decision Period but a Step-Out Date has subsequently occurred without there being a Novation Date, the Offtaker shall be entitled to take Offtaker Enforcement Action without serving a further Offtaker Enforcement Notice if the default, event or circumstance in respect of which the Offtaker gave the Offtaker Enforcement Notice is subsisting or has not been remedied or cured (whether by the Generator, Security Trustee or any other person).
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Suspension of Rights and Remedial Action. During a Step-In Decision Period:
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Related to Suspension of Rights and Remedial Action

  • Restoration of Rights and Remedies If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted.

  • Additional Rights and Remedies The rights and remedies provided in this clause are in addition to any other rights and remedies provided by law or under this contract.

  • Default Rights and Remedies If an Event of Default exists, the Agent shall have the following rights and remedies:

  • Rights and Remedies When an Event of Default occurs and continues Bank may, without notice or demand, do any or all of the following:

  • Waivers, Rights and Remedies Except as expressly provided in this Agreement, no failure or delay by any party in exercising any right or remedy relating to this Agreement or any of the Transaction Documents shall affect or operate as a waiver or variation of that right or remedy or preclude its exercise at any subsequent time. No single or partial exercise of any such right or remedy shall preclude any further exercise of it or the exercise of any other remedy.

  • No Waiver of Rights, Powers and Remedies No failure or delay by a party hereto in exercising any right, power or remedy under this Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy of such party. No single or partial exercise of any right, power or remedy under this Agreement by a party hereto, nor any abandonment or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from any other or further exercise thereof or the exercise of any other right, power or remedy hereunder. The election of any remedy by a party hereto shall not constitute a waiver of the right of such party to pursue other available remedies. No notice to or demand on a party not expressly required under this Agreement shall entitle the party receiving such notice or demand to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the party giving such notice or demand to any other or further action in any circumstances without such notice or demand.

  • Acceleration Waivers Amendments and Remedies 8.1. Acceleration;

  • Exercise of Rights and Remedies Except as otherwise provided herein, no delay of or omission in the exercise of any right, power or remedy accruing to any party as a result of any breach or default by any other party under this Agreement shall impair any such right, power or remedy, nor shall it be construed as a waiver of or acquiescence in any such breach or default, or of any similar breach or default occurring later; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default occurring before or after that waiver.

  • No Waiver, Rights and Remedies No failure on the part of the Administrative Agent or any Secured Party or any assignee of any Secured Party to exercise, and no delay in exercising, any right or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right or remedy hereunder preclude any other or further exercise thereof or the exercise of any other right. The rights and remedies herein provided are cumulative and not exclusive of any rights and remedies provided by law.

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