Recourses Sample Clauses

Recourses. To the extend permitted by law, no recourse under any obligation, covenant or agreement of the Purchaser as contained in this Agreement shall be made against any incorporator, stockholder, affiliate, officer, employee or director of the Purchaser, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise, it being expressly agreed and understood that the agreements of the Purchaser contained in this Agreement are solely the corporate obligations of the Purchaser, and that no personal liability whatsoever shall attach to or be incurred by the incorporators, stockholders, affiliates, officers, employees or directors of the Purchaser or any of them, under or by reason of any of the respective obligations, covenants or agreements of the Purchaser contained in this Agreement, or implied therefrom, and that any and all personal liability of every such incorporator, stockholder, affiliate, officer, employee or director of the Purchaser for breaches by the Purchaser of any such obligation, covenant or agreement, whether such liability arises under the Italian law, is hereby expressly waived as a condition of and in consideration of the execution of this Agreement.

Recourses. 9.1. Upon the occurrence of an Event of Default, the Creditor may terminate forthwith any commitment that it had to make any advances or payments to the Grantor. The Creditor may also declare as being immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Grantor, an amount equal to the aggregate Obligations and exercise any rights it has in virtue of these presents or the [YOUR COUNTRY LAW]. 9.2. Upon the occurrence of an Event of Default, whatever hypothecary right the Creditor elects to exercise, the following provisions shall apply: 9.2.1 the Creditor shall have the right, at the expense of the Grantor and in order to preserve or realize upon the Charged Property: 9.2.1.1 to transform the Charged Property or subject it to the operations to which the Grantor normally subjects it in the operation of its business; 9.2.1.2 to dispose of the Charged Property that may perish or deteriorate rapidly; 9.2.1.3 to use any information obtained by reason of the exercise of its rights; 9.2.1.4 to perform any of the Grantor’s Obligations; 9.2.1.5 to exercise any right with respect to the Charged Property; 9.2.1.6 in order to exercise any one of its rights, to use the places where the Grantor’s property is situated. 9.2.2 the Creditor may acquire directly or indirectly any of the Charged Property; 9.2.3 the Creditor may from time to time in the course of the exercise of its rights, renounce, with or without consideration, any right of the Grantor; 9.2.4 the Creditor shall not be bound to make an inventory, to take out insurance or to furnish any security; 9.2.5 the Creditor shall not be bound to continue operating the Grantor’s business nor to make the Charged Property productive or to preserve the same; and 9.2.6 the Creditor shall be deemed to have acted in the best interest of the Grantor and its successors if the Creditor has acted in good faith. 9.3. Where the Creditor exercises a right of taking in payment and the Grantor, inasmuch as it has the right to do so, requires that the Creditor sell the Charged Property upon which such recourse was exercised, the Grantor acknowledges that the Creditor shall not be bound to abandon the right of taking in payment unless the Creditor has obtained, before the end of the period allowed for surrender, (i) a satisfactory security guaranteeing that the sale will be made at a sufficiently high price to enable the Creditor’s claim to be paid ...

Recourses. Upon the occurrence of an Event of Default, the Purchasers may exercise all recourses available to them under applicable law, including the rights resulting from this deed.

Recourses. Each of the Vendors hereby acknowledges that any actual or threatened violation of any covenant contained in this Section 8 will cause irreparable harm to the Purchaser, the exact amount of which will be impossible to ascertain and that therefore damages would be an insufficient remedy, and by reason of same, the Vendors hereby further agree that the Purchaser shall be entitled to injunctive relief in order to prevent any such actual or threatened violation, in addition to such other recourses that may be available to them in law or equity or by agreement between the Parties.

Recourses. ATTORNEYS’ FEES Should Acquisio resort to legal proceedings in connection with this Agreement, in the event Acquisio prevails in such legal proceedings, Acquisio shall be entitled, in addition to such other relief as may be granted, to recover its reasonable fees and costs in such legal proceedings from You, including Acquisio’s attorney’s fees and costs.

Recourses. The Supplier shall procure or produce all tools, materials, drawings, calculations, models, diagrams, templates, computer software, instructions, specifications and other aids, including hand tools and personal protection equipment, necessary for its performance under the Agreement. Any materials, drawings, models, templates, diagrams, computer software, instructions, specifications and other aids provided by the Company or purchased or created by the Supplier at the Company’s expense shall remain the Company’s property or shall become the Company’s property at the moment of purchase or creation. The Supplier shall be obliged to label the materials, drawings and other aids referred to in paragraph 2 of this article as the identifiable property of the Company, to keep them in good condition and to insure them at its expense against all risks for as long as the Supplier acts as holder in respect of these aids. The Supplier shall not use (or arrange use of) the materials, drawings and other aids referred to in paragraph 2 of this article for or in connection with any purpose other than the delivery to the Company, unless the Company has consented to this beforehand in writing. The Supplier shall give the materials, drawings and other aids that the Company has provided back to the Company in good condition once the order has been completed. The Company shall be entitled to withhold a sum from the payments to the Supplier until this return delivery has taken place.

Recourses. If an Event of Default occurs and is continuing, the Lender may, at its option, declare immediately due and payable, notwithstanding any provision to the contrary effect in this Agreement, the entire amount of the Loan then outstanding, in principal and interest.

Recourses. The indemnification provisions contained herein and the remedies and recourses provided for in the following sentence constitute the sole and exclusive remedies and recourses of each Party with respect to all matters contemplated hereby (excepting fraud). In the event of a violation of any of the provisions hereof or of any of the Ancillary Agreements any party hereto or thereto shall be entitled to seek from any Quebec Court of competent jurisdiction temporary, interlocutory and permanent injunctive relief without having to give security which may result from such proceeding.

Recourses a. In the event of a default, the defaulting party will have 30 days after receiving written notice during which to remedy the default if such remedy is practical. The non-defaulting party may at its sole discretion extend the remedy period beyond 30 days if it deems such extension appropriate. b. In the event that such remedies are not available to the defaulting party, the non-defaulting party if HEI, will have the right to demand and receive from The Client all or any compensation in arrears including out-of-pocket expenses if any, and the right to terminate any and all obligations under the terms of The Agreement. c. If the defaulting party is HEI, the Client shall have the right to terminate this Agreement in which event HEI will immediately turn over to the Client all papers, plans and work related products associated in any manner with the terms of this Agreement. d. In the event of a change of ownership in the Company, or a dissolution or takeover of the Company or of its assets, HEI has the right, at its own discretion, to bring the balance of its fees until the end of the term (in both cash and equity) forward and have this balance due and payable upon the date of change of ownership. In the event that this occurs with less than 12 months remaining in the contract, a minimum of 12 months fees will be due and payable. However, if requested by the Client or its successor, HEI shall be obligated during any period it is receiving compensation to provide professional services as described and rendered under the terms of this contract for which it is being compensated.