Common use of No Adequate Remedy at Law Clause in Contracts

No Adequate Remedy at Law. The Bank and the Executive recognize that each party will have no adequate remedy at law for breach by the other of any of the agreements contained herein and, in the event of any such breach, the Bank and the Executive hereby agree and consent that the other shall be entitled to decree of specific performance, mandamus, or other appropriate remedy to enforce performance of such agreements.

Appears in 9 contracts

Samples: Executive Employment Agreement (Anchor Financial Corp), Employment Agreement (M&f Bancorp Inc /Nc/), Executive Employment Agreement (Anchor Financial Corp)

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No Adequate Remedy at Law. The Bank and the Executive Employee recognize that each party will have no adequate remedy at law for breach by the other of any of the agreements contained herein and, in the event of any such breach, the Bank and the Executive Employee hereby agree and consent that the other shall be entitled to decree of specific performance, mandamus, or other appropriate remedy to enforce performance of such agreements.

Appears in 1 contract

Samples: Employment Agreement (Anchor Financial Corp)

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No Adequate Remedy at Law. The Bank and the Executive Employee recognize that each party will have no adequate remedy at law for breach by the other of any of the agreements contained herein and, in the event of any such breach, CNC, the Bank and the Executive Employee hereby agree and consent that the other others shall be entitled to decree of specific performance, mandamus, or other appropriate remedy to enforce performance of such agreements.

Appears in 1 contract

Samples: Employment Agreement (Carolina National Corp)

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