Example ContractsClausesDefault and Remedies
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Default Remedies. Upon the occurrence of an Event of Default, without any presentment, demand, protest, notice of protest and nonpayment, or other notice of any kind, all of which are hereby expressly waived by [[Organization B:Organization]], [[Organization C:Organization]] may, in its sole and absolute discretion, immediately: # terminate or suspend [[Organization B:Organization]]’s right hereunder to submit any Request to [[Organization C:Organization]] for [[Organization C:Organization]] to purchase Participation Interests; # pursuant to the power of attorney conferred to [[Organization C:Organization]] by [[Organization B:Organization]] in connection with this Agreement (and in reliance of Section 10.18 in the event that [[Organization C:Organization]] exercises the following remedy after the occurrence of an Event of Default specified in Sections 9.1(e) or (f)), sell in a recognized market (or otherwise in a commercially reasonable manner) at such price or prices as [[Organization C:Organization]] shall reasonably deem satisfactory, any or all rights, titles and interest of [[Organization C:Organization]] and [[Organization B:Organization]] in and to any or all Participated Mortgage Loans and apply the proceeds thereof to the aggregate outstanding Advances made by [[Organization C:Organization]] in connection with such Participated Mortgage Loans and to any other amounts payable to [[Organization C:Organization]] in connection with this Agreement or any other Warehouse Document, in such order and amounts determined by [[Organization C:Organization]]; # exercise its rights and remedies under any Pledge Agreement, Guaranty Agreement or other Warehouse Document; and/or # exercise any other right or remedy otherwise available to [[Organization C:Organization]] under this Agreement or any other Warehouse Document or at law or in equity. Notwithstanding the foregoing, if an Event of Default specified in Sections 9.1(e) or (f) occurs, fees and other sums due hereunder shall become automatically and immediately due and payable, both without any action by [[Organization C:Organization]] and without presentment, demand, protest, notice of protest and nonpayment, notice of acceleration or of intent to accelerate, or any other notice of any kind, all of which are hereby expressly waived, notwithstanding anything contained herein to the contrary.

It shall be a default under this Agreement (a "Default") if:

Remedies Upon Default. Upon the occurrence of any event of default by Tenant, Landlord shall have, in addition to any other remedies available to Landlord at law or in equity (all of which remedies shall be distinct, separate and cumulative), the option to pursue any one or more of the following remedies, each and all of which shall be cumulative and nonexclusive, without any notice or demand whatsoever.

Default and Remedies. Subtenant shall be in material default of its obligations under this Sublease if Subtenant commits any act or omission which constitutes an event of default under the Master Lease, which has not been cured after delivery of written notice and passage of any applicable grace period provided in the Master Lease as modified, if at all, by the provisions of this Sublease. In the event of any default by Subtenant, Sublandlord shall have all remedies provided pursuant to [Section 19.2] of the Master Lease, as incorporated herein, and by applicable law, including damages that include the worth at the time of award of the amount by which the unpaid rent for the balance of the term after the time of award exceeds the amount of such rental loss that the lessee proves could be reasonably avoided and the remedy described in California Civil Code Section 1951.4 (lessor may continue lease in effect after lessee’s breach and abandonment and recover rent as it becomes due, if lessee has right to sublet or assign, subject only to reasonable limitations.)

Events of Default; Remedies. If # any of the following events shall have occurred and be continuing for any reason whatsoever (whether voluntary or involuntary, arising or effected by operation of law or otherwise) and # except for such event specified in clause (f) below, the Lender declares such event as an Event of Default (each, an “Event of Default”):

Remedies upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions:

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If any Event of Default occurs and is continuing, the [[Administrative Agent:Organization]] shall, at the request of, or may, with the consent of, the Required , take any or all of the following actions:

Remedies. agree that, to the fullest extent permitted by law, as between on the one hand, and the Administrative Agent, for the ratable benefit of the Secured Parties on the other hand, the Obligations may be declared to be forthwith due and payable as provided in Section 9.02 (and shall be deemed to have become automatically due and payable in the circumstances provided in Section 9.02) for purposes of [Section 4.01(a)] notwithstanding any stay, injunction or other prohibition preventing such declaration (or preventing the Obligations from becoming automatically due and payable) as against any other Person and that, in the event of such declaration (or the Obligations being deemed to have become automatically due and payable), the Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by for purposes of [Section 4.01(a)].

Remedies. In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, the Purchaser and the Company will be entitled to specific performance under this Agreement. The parties agree that monetary damages may not be adequate compensation for any loss incurred by reason of any breach of obligations contained in this Agreement and hereby agree to waive and not to assert in any Action for specific performance of any such obligation the defense that a remedy at law would be adequate.

Remedies. In the event of a breach by [[Organization B:Organization]] or by a Holder of any of their respective obligations under this Agreement, each Holder or [[Organization B:Organization]], as the case may be, in addition to being entitled to exercise all rights granted by law and under this Agreement, including recovery of damages, shall be entitled to specific performance of its rights under this Agreement. Each of [[Organization B:Organization]] and each Holder agrees that monetary damages would not provide adequate compensation for any losses incurred by reason of a breach by it of any of the provisions of this Agreement and hereby further agrees that, in the event of any action for specific performance in respect of such breach, it shall not assert or shall waive the defense that a remedy at law would be adequate.

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