Common use of If Customer is in Default Clause in Contracts

If Customer is in Default. If Customer is in default of any of its obligations under this Agreement, then Chicago VPS may in its sole discretion do any or all of the following: (i) without notice suspend access to the Customer Space or the Premises, (ii) if Customer’s default is non-payment of any sums due to Chicago VPS, exercise all the rights and remedies of a secured party under applicable law including, without limitation, with the minimum notice (if any) required by law, Chicago VPS may seize the Equipment and sell the Equipment to third parties in satisfaction of any Customer indebtedness owing to Chicago VPS as well as any costs (including reasonable legal fees) incurred by Chicago VPS in exercising any remedy under this Agreement, and (iv) if Chicago VPS terminates this Agreement in accordance with Section 5, after such termination is effective, remove the Equipment from the Customer Space, store the Equipment at another location at Customer’s expense, and license the Customer Space to a third party.