Common use of 13Specific Performance Clause in Contracts

13Specific Performance. The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with its specific terms or were otherwise breached. Each party agrees that, in the event of any breach or threatened breach by any other party of any covenant or obligation contained in this Agreement, the non-breaching party shall be entitled to seek (i) a decree or order of specific performance to enforce the observance and performance of such covenant or obligation, and (ii) an injunction restraining such breach or threatened breach. Nothing set forth in this ‎Section 9.13 shall restrict or limit any party’s right to terminate this Agreement in accordance with the terms of ‎Article VIII or pursue any other remedies under this Agreement that may be available at any time.

Appears in 2 contracts

Sources: Merger Agreement (Bar Harbor Bankshares), Merger Agreement (Bar Harbor Bankshares)