Common use of Equitable Relief Clause in Contracts

Equitable Relief. Borrower recognizes that in the event Borrower fails to pay, perform, observe, or discharge any or all of the Obligations, any remedy at law may prove to be inadequate relief to Lender. Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 18 contracts

Samples: Loan Agreement (Third Coast Bancshares, Inc.), Credit Agreement (Harte Hanks Inc), Loan Agreement (Vertical Capital Income Fund)

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Equitable Relief. Borrower Debtor recognizes that in the event Borrower Debtor fails to pay, perform, observe, or discharge any or all of the ObligationsIndebtedness, any remedy at law may prove to be inadequate relief to Lender. Borrower Debtor therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 18 contracts

Samples: Loan and Security Agreement (Legacy Housing Corp), Loan and Security Agreement (TGC Industries Inc), Pledge and Security Agreement (United eSystems, Inc.)

Equitable Relief. The Borrower recognizes that that, in the event the Borrower fails to pay, perform, observe, observe or discharge any of its obligations or all of the Obligationsliabilities under this Agreement, any remedy at law may prove to be inadequate relief to the Lender. ; therefore, the Borrower therefore agrees that the Lender, if the Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 9 contracts

Samples: Term Loan and Security Agreement (Cornerstone Core Properties REIT, Inc.), Loan and Security Agreement (Advocat Inc), Term Loan and Security Agreement (Summit Healthcare REIT, Inc)

Equitable Relief. Borrower recognizes that in the event Borrower fails to pay, perform, observe, or discharge any of its Obligations or all liabilities under this Agreement, in certain cases no remedy of the Obligations, any remedy at law may prove to be inadequate will provide adequate relief to Lender. Borrower therefore agrees that Lender, if and Lender so requests, shall be is entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 8 contracts

Samples: Loan and Security Agreement (Physician Health Corp), Loan and Security Agreement (Physician Health Corp), Loan and Security Agreement (Physician Health Corp)

Equitable Relief. Borrower recognizes that in the event Borrower fails to pay, perform, observe, or discharge any of its Obligations or all liabilities under this Agreement, no remedy of the Obligations, any remedy at law may prove to be inadequate will provide adequate relief to Lender. , and Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 6 contracts

Samples: Loan and Security Agreement (American Healthchoice Inc /Ny/), Loan and Security Agreement (American Shared Hospital Services), Loan and Security Agreement (American Shared Hospital Services)

Equitable Relief. The Borrower recognizes that that, in the event Borrower fails to pay, perform, observe, observe or discharge any obligations or all of the Obligationsliabilities under this Agreement, any remedy at law may prove to be inadequate relief to Lender. ; therefore, the Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damagesdamages and the granting of any such relief shall not preclude the Lender from pursuing any other relief or remedies for such breach.

Appears in 5 contracts

Samples: Credit Agreement (Lawson Products Inc/New/De/), Credit Agreement (Lawson Products Inc/New/De/), Credit Agreement (Lawson Products Inc/New/De/)

Equitable Relief. Borrower recognizes that that, in the event Borrower fails to pay, perform, observe, observe or discharge any of its obligations or all of the Obligationsliabilities under this Agreement, any remedy at law may prove to be inadequate relief to Lender. ; therefore, Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damagesdamages and the granting of any such relief shall not preclude Lender from pursuing any other relief or remedies for such breach.

Appears in 5 contracts

Samples: Credit Agreement (Midland States Bancorp, Inc.), Loan Agreement (German American Bancorp), Loan Agreement (BankFinancial CORP)

Equitable Relief. Borrower recognizes that that, in the event Borrower fails to pay, perform, observe, observe or discharge any of its obligations or all of the Obligationsliabilities under this Agreement, any Lender’s remedy at law may prove to be inadequate relief to Lender. ; therefore, Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any if Lender proves its entitlement to such case without the necessity of proving actual damagesequitable relief.

Appears in 4 contracts

Samples: Amended and Restated Credit Agreement (Arista Power, Inc.), Credit Agreement (Arista Power, Inc.), Credit Agreement (Arista Power, Inc.)

Equitable Relief. Each Borrower recognizes that that, in the event any Borrower fails to pay, perform, observe, observe or discharge any of its obligations or all of the Obligationsliabilities under this Agreement, any remedy at law may prove to be inadequate relief to the Lender. ; therefore, each Borrower therefore agrees that the Lender, if the Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 4 contracts

Samples: Term Loan and Security Agreement (Summit Healthcare REIT, Inc), Term Loan and Security Agreement (Summit Healthcare REIT, Inc), Term Loan and Security Agreement (Summit Healthcare REIT, Inc)

Equitable Relief. Borrower recognizes that that, in the event Borrower fails to pay, perform, observe, observe or discharge any of its obligations or all of the Obligationsliabilities under this Agreement, any remedy at law may prove to be inadequate relief to Lender. Bank; therefore, Borrower therefore agrees that LenderBank, if Lender Bank so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 3 contracts

Samples: Financing Agreement (OVERSTOCK.COM, Inc), Financing Agreement (EQM Technologies & Energy, Inc.), Financing Agreement (EQM Technologies & Energy, Inc.)

Equitable Relief. Borrower recognizes that that, in the event Borrower fails to pay, perform, observe, observe or discharge any of its obligations or all liabilities under this Agreement, the Note or any of the Obligationsother Loan Documents, any remedy at law may prove to be inadequate relief to Lender. ; therefore, Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan and Security Agreement (Trans Leasing International Inc), Loan and Security Agreement (Trans Leasing International Inc)

Equitable Relief. The Borrower recognizes that that, in the event the Borrower fails to pay, perform, observe, observe or discharge any or all of the Obligationsits Obligations under this Agreement, any remedy at law may prove to be inadequate relief to the Lender. ; therefore, the Borrower therefore agrees that the Lender, if the Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 2 contracts

Samples: Loan Agreement (Advanced Business Sciences Inc/De), Loan Agreement (Advanced Business Sciences Inc/De)

Equitable Relief. Borrower recognizes that that, in the event Borrower fails to pay, perform, observe, observe or discharge any of its obligations or all of the Obligationsliabilities under this Agreement, any remedy at law may prove to be inadequate relief to Lender. ; therefore, Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.)

Equitable Relief. Borrower recognizes that that, in the event Borrower fails to pay, perform, observe, observe or discharge any of its obligations or all of liabilities under the ObligationsFinancing Agreements, any remedy at law may prove to be inadequate relief to Lender. ; therefore, Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damagesdamages and the granting of any such relief shall not preclude Lender from pursuing any other relief or remedies for such breach.

Appears in 2 contracts

Samples: Loan Agreement (Madison Square Garden Co), Loan Agreement (MSG Spinco, Inc.)

Equitable Relief. Borrower Debtor recognizes that in the event Borrower Debtor fails to pay, perform, observe, observe or discharge any or all of the ObligationsIndebtedness, any remedy at law may prove to be inadequate relief to Lender. Borrower Debtor therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 2 contracts

Samples: Loan and Security Agreement (Enova International, Inc.), Loan and Security Agreement (Enova International, Inc.)

Equitable Relief. Each Borrower recognizes that in the event any Borrower fails to pay, perform, observe, or discharge any or all of the Obligations, any remedy at law may prove to be inadequate relief to the Lender. Each Borrower therefore agrees that the Lender, if the Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 2 contracts

Samples: Credit Agreement (Transcoastal Marine Services Inc), Credit Agreement (Transcoastal Marine Services Inc)

Equitable Relief. Borrower recognizes that in the event Borrower fails to pay, perform, observe, or discharge any or all of the Obligations, any remedy at law may prove to be inadequate relief to LenderLenders. Borrower therefore agrees that LenderLenders, if Lender Administrative Agent so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Credit and Security Agreement (loanDepot, Inc.)

Equitable Relief. The Borrower recognizes that in the event Borrower it fails to pay, perform, observe, or discharge any of its obligations or all of the Obligationsliabilities under this Agreement, any remedy at law may prove to be inadequate relief to the Lender. ; therefore, the Borrower therefore agrees that the Lender, if the Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such the case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Loan Agreement (Lm Funding America, Inc.)

Equitable Relief. The Borrower recognizes that that, in the event the Borrower fails to pay, perform, observe, observe or discharge any of its obligations or all of the Obligationsliabilities under this Agreement, or any other Loan Document, any remedy at law may prove to be inadequate relief to Lender. ; therefore, Borrower therefore agrees to the extent permitted by applicable law, that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damagesirreparable harm.

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Inc)

Equitable Relief. The Borrower recognizes that that, in the event Borrower ---------------- it fails to pay, perform, observe, observe or discharge any or all of the Obligations, any remedy at law may prove to be inadequate relief to the Lender. The Borrower therefore agrees that the Lender, if the Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Credit Agreement (Earthwatch Inc)

Equitable Relief. Borrower recognizes The Borrowers recognize that in the event Borrower fails the Borrowers fail to pay, perform, observe, or discharge any or all of the Obligations, any remedy at law may prove to be inadequate relief to the Lender. Borrower The Borrowers therefore agrees agree that the Lender, if the Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Loan Agreement (Integrated Performance Systems Inc)

Equitable Relief. The Borrower recognizes that in the event the ---------------- Borrower fails to pay, perform, observe, observe or discharge any or all of the Obligations, any remedy at law may prove to be inadequate relief to the Lender. The Borrower therefore agrees that the Lender, if the Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damagesin accordance with applicable law.

Appears in 1 contract

Samples: Loan Agreement (Eastgroup Properties Inc)

Equitable Relief. Borrower recognizes that that, in the event Borrower fails to pay, perform, observe, observe or discharge any of its obligations or all of the Obligationsliabilities under this Agreement, any remedy at law may prove to be inadequate relief to Lender. the Lender and, accordingly, each Borrower therefore agrees that each of the Lender, if the Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual irreparable damages.

Appears in 1 contract

Samples: Loan Agreement (Network Imaging Corp)

Equitable Relief. The Borrower recognizes that in the event the Borrower fails to pay, perform, observe, or discharge any or all of the Obligationsobligations, any remedy at law may prove to be inadequate relief to the Lender. The Borrower therefore agrees that the Lender, if the Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Loan Agreement (Imperial Petroleum Recovery Corp)

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Equitable Relief. Each Borrower recognizes that in the event any Borrower fails to pay, perform, observe, or discharge any of its Obligations or all liabilities under this Agreement, no remedy of the Obligations, any remedy at law may prove to be inadequate will provide adequate relief to Lender. , and each Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Loan and Security Agreement (Occupational Health & Rehabilitation Inc)

Equitable Relief. Borrower recognizes that in the event that, if Borrower fails to pay, perform, observe, observe or discharge any or all of the Obligations, Borrower’s Obligations under this Agreement and any remedy at law may prove to be inadequate relief to Lender. Borrower therefore agrees that Lender, if then Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Credit Agreement (Comstock Homebuilding Companies, Inc.)

Equitable Relief. Each Borrower recognizes that in the event any Borrower fails to pay, perform, observe, or discharge any or all of the Obligations, any remedy at law may prove to be inadequate relief to the Lender. Borrower The Borrowers therefore agrees agree that the Lender, if the Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Loan Agreement (Marcum Natural Gas Services Inc/New)

Equitable Relief. Borrower recognizes that that, in the event the Borrower fails to pay, perform, observe, observe or discharge any or all of the Borrower’s Obligations, any remedy at law may prove to be inadequate relief to Lender. Lender and Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Financing Agreement (Vanguard Car Rental Group Inc.)

Equitable Relief. Borrower recognizes that that, in the event Borrower fails to pay, perform, observe, observe or discharge any of its obligations or all of the Obligationsliabilities under this Agreement, any remedy at law may prove to be inadequate relief to Lender. ; therefore, Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without and the necessity granting of proving actual damagesany such relief shall not preclude Lender from pursuing any other relief or remedies for such breach.

Appears in 1 contract

Samples: Loan and Security Agreement (Allied Products Corp /De/)

Equitable Relief. The Borrower recognizes that that, in the event Borrower that it fails to pay, perform, observe, observe or discharge any of its obligations or all of the Obligationsliabilities under this Agreement, or any other Loan Document, any remedy at law may prove to be inadequate relief to Lender. ; therefore, the Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Loan and Security Agreement (American Communications Services Inc)

Equitable Relief. Borrower recognizes that that, in the event ---------------- Borrower fails to pay, perform, observe, observe or discharge any of its obligations or all of the Obligationsliabilities under this Agreement, any remedy at law may prove to be inadequate relief to Lender. ; therefore, Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Loan and Security Agreement (Visual Numerics Inc)

Equitable Relief. Borrower recognizes that that, in the event Borrower fails to pay, perform, observe, observe or discharge any of its obligations or all liabilities under this Note or any of the Obligationsother Loan Documents, any remedy at law may prove to be inadequate relief to Lender. ; therefore, Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Ednet Inc

Equitable Relief. Borrower Borrowers recognizes that in the event Borrower fails Borrowers fail to pay, perform, observe, or discharge any or all of the Obligations, any remedy at law may prove to be inadequate relief to Lender. Borrower Borrowers therefore agrees agree that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Credit Agreement (Direct Digital Holdings, Inc.)

Equitable Relief. Borrower recognizes that in the event Borrower fails to pay, perform, observe, or discharge any or all of the Obligations, any remedy at law may prove to be inadequate relief to Lender. Borrower therefore agrees that Lender, if Lender so requestsrequests and such request is granted by the court, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Credit and Security Agreement (AmeriHome, Inc.)

Equitable Relief. Borrower recognizes that in the event Borrower fails to pay, perform, observe, or discharge any of its Obligations or all liabilities under this Agreement, no remedy of the Obligations, any remedy at law may prove to be inadequate will provide adequate relief to Lender. , and Borrower therefore agrees that Lender, if and Borrower agrees that Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Loan and Security Agreement (Clixhealth Com Inc)

Equitable Relief. Borrower Each Debtor recognizes that in the event Borrower any Debtor fails to pay, perform, observe, or discharge any or all of the ObligationsIndebtedness, any remedy at law may prove to be inadequate relief to Lender. Borrower Each Debtor therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Loan Agreement (Onstream Media CORP)

Equitable Relief. Borrower recognizes that in the event Borrower fails 1ili1s to pay, perform, observe, or discharge any or all of the Obligations, any remedy at law may prove to be inadequate relief to Lender. Borrower therefore agrees that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Loan Agreement (Sielox Inc)

Equitable Relief. Borrower recognizes that that, in the event Borrower fails to pay, perform, observe, observe or discharge any of its obligations or all of liabilities under this Agreement or the ObligationsNote, any remedy at law may prove to be inadequate relief to the Lender. ; therefore, Borrower therefore agrees that Lender, if the Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Loan and Security Agreement (Vistana Inc)

Equitable Relief. Borrower recognizes Borrowers recognize that in the event Borrower fails Borrowers fail to pay, perform, observe, or discharge any or all of the Obligations, any remedy at law may prove to be inadequate relief to Lender. Borrower Borrowers therefore agrees agree that Lender, if Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Loan Agreement (Ascendant Solutions Inc)

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