Owner Event of Default definition

Owner Event of Default shall have the meaning set forth in Section 12.3 hereof

Owner Event of Default has the meaning indicated in Section 12.

Owner Event of Default has the meaning specified in Section 16.2.

Examples of Owner Event of Default in a sentence

• Subject to the rights granted in Section 13.5 below, upon the occurrence of an Owner Event of Default, Contractor shall have the right to terminate this Agreement, to order all Subcontractors to stop Work and remove all their tools and equipment from the Site, and/or pursue all such remedies as may be allowed under this Agreement, at law or in equity.

• An Owner Event of Default shall not include any other default by Owner of any of their obligations under this Agreement.

• Upon any Owner Event of Default (hereinafter defined) by Owner, Xxxxxx shall have all of the rights of a secured party under the Michigan Uniform Commercial Code in instances where the debtor is in default, including without limitation the right to sell or cause to be sold, in any one or more public or private sales, or otherwise realize upon the value of, any or all of the Secured Property, subject to the provisions of the Michigan Uniform Commercial Code.

More Definitions of Owner Event of Default

Owner Event of Default means any one or more of the following events or circumstances:

Owner Event of Default. As defined in Section 13.3.

Owner Event of Default has the meaning set forth in Section 20.3.

Owner Event of Default has the meaning set forth in Section 15.3.

Owner Event of Default shall have the meaning set forth in Section 9.2(a). “Owner’s Property” shall have the meaning set forth in Section 7.5. “Owner’s Representative” shall have the meaning set forth in Section 7.3. “Party” and “Parties” shall have the meanings set forth in the preamble.

Owner Event of Default shall exist and Xxxxxx shall have the following remedies, which shall be cumulative rather than exclusive: ● the right to terminate this Agreement, and the grant of the Lease hereunder, which termination right may be exercised by written notice by Xxxxxx to Owner, and which termination shall be effective as of the date of such notice; ● the right to immediately enter upon and repossess the Designated Item Space and all appurtenances thereto, by forcible entry and detainer suit, or otherwise; ● the right to remove Owner’s Item (and any personal property then inside Owner’s Item from its mooring, and to store Owner’s Item (and such personal property), with all risk of loss belonging solely to Owner, and with no liability whatsoever to Marina, and with all costs of storage being deemed to be including among the past due Monthly Rental under this Agreement; ● the right to make any required repairs to the Designated Item Space, or to expend any other sums required to cure any defaults by Owner under this Agreement, with all such sums expended being deemed to be included among the past due Rental under this Agreement; ● the right to terminate Owner’s rights of possession with regard to the Designated Item Space and all appurtenances thereto, without demand or notice of any kind an without terminating this Agreement, in which event Xxxxxx xxx, but shall be under no obligation to, relet all or any part of the Designated Item Space for credit to Owner’s account, on such terms and conditions as Xxxxxx in its sole discretion shall deem appropriate; and ● the right to exercise Xxxxxx’s rights under the Michigan Uniform Commercial Code with regard to the security interest granted to Xxxxxx in the Secured Property. In the event of any Owner Event of Default, Xxxxxx shall have the right to recover from Owner, whether by way of sale of the Secured Property, or by means of execution and levy on a judgment, or by means of voluntary payment by Owner, or by some combination thereof: (a) all Rental that is past due, including any late payment fees due in connection therewith, (b) all Rental to come due during the remainder of the Term (assuming that Xxxxxx has not terminated this Agreement and the Lease hereunder), (c) Xxxxxx’s reasonable and necessary attorneys’ fees and costs of court, (d) pre-judgment at the lesser of 8% per annum or the maximum allowed by law, and

Owner Event of Default has the meaning set forth in Section 12.2. “Owner Indemnified Party” has the meaning set forth in Section 10.1.1.