Common use of Default Damages Clause in Contracts

Default Damages. Upon a Provider Event of Default, Host may at its sole option require Provider to remove the Project and restore the Premises to its condition prior to installation of the Project. In the event Provider fails to remove the Project, Host may remove it and restore the Premises to its condition prior to installation of the Project, normal wear and tear excepted, and Provider shall be liable for all costs related to said removal, storage and disposal of the Project and restoration of the Premises and Site, less any proceeds received for the removed Project. Host agrees to undertake such a removal of the Project as cost effectively as possible so as to limit the overall cost of the Project. In addition, upon Provider Event of Default, Host may seek to recover from Provider all Host Losses and/or pursue any other available remedies available at law or in equity.

Appears in 3 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement