Common use of Injunctive Relief; Punitive Damages Clause in Contracts

Injunctive Relief; Punitive Damages. (a) Each of the Borrower and the other Credit Parties recognizes that, in the event the Borrower or such other Credit Party fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, each of the Borrower and the other Credit Parties agrees that the Administrative Agent and the Lenders, at the their option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Injunctive Relief; Punitive Damages. (a) Each of the Borrower and the other Credit Parties recognizes that, in the event the such Borrower or such any other Credit Party fails to perform, observe or discharge any of its obligations or liabilities under this AgreementAgreement or any other Loan Document, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, each Borrower (on behalf of the Borrower itself and the other Credit Parties Subsidiaries) agrees that the Administrative Agent and the Lenders, at the their Lenders’ option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Injunctive Relief; Punitive Damages. (a) Each of the Borrower Borrowers and the other Credit Parties recognizes that, in the event the a Borrower or such other Credit Party fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, each of the Borrower Borrowers and the other Credit Parties agrees that the Administrative Agent and the Lenders, at the their option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Injunctive Relief; Punitive Damages. (a) Each of the Borrower and the other The Credit Parties recognizes recognize that, in the event the Borrower or such other Credit Party fails Parties fail to perform, observe or discharge any of its their obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Administrative Agent’s and the Lenders. Therefore, each of the Borrower and the other Credit Parties agrees agree that the Administrative Agent Agent’s and the Lenders, at the their Administrative Agent’s and the Lenders’ option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.