Upon Termination for Default Clause Samples
Upon Termination for Default the Terminating Party shall have the additional right to declare all amounts owing under this Agreement from the Defaulting Party to be immediately due and payable.
Upon Termination for Default. In the event that the Non- Defaulting Party elects, at its option, to terminate this Agreement as provided in this Section 6.2, the Non-Defaulting shall calculate, and the Defaulting Party shall pay, the Termination Payment, which amount shall exclude any costs, Losses, liabilities, damages or expenses of any Purchaser in connection with the ▇▇▇▇ ▇▇▇▇▇. The payment of a Termination Payment shall be the sole and exclusive remedy available to the Non- Defaulting Party as a result of termination of this Agreement.