Common use of No Adequate Remedy at Law Clause in Contracts

No Adequate Remedy at Law. Borrower recognizes that in the event Borrower fails to pay, perform, observe or discharge any of its obligations under this Agreement, the Note or the other Loan Documents, no remedy at law will provide adequate relief to Bank and Borrower agrees that Bank shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving that it has incurred actual damages.

Appears in 3 contracts

Samples: Credit Agreement (Merrymeeting Inc), Credit Agreement (Frontier Adjusters of America Inc), Credit Agreement (Merrymeeting Inc)

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No Adequate Remedy at Law. Borrower recognizes that in the event Borrower fails to pay, perform, observe or discharge any of its obligations Obligations under this Agreement, the Note or the other Loan Documents, no remedy at law will provide adequate relief to Bank and Borrower agrees that Bank shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving that it has incurred actual damages.

Appears in 2 contracts

Samples: Credit Agreement (Cohesant Inc.), Credit Agreement (Bancinsurance Corp)

No Adequate Remedy at Law. Borrower recognizes that in the event Borrower fails to pay, perform, observe or discharge any of its obligations Obligations under this Agreement, the Note Notes or the other Loan Documents, no remedy at law will provide adequate relief to Bank and Borrower agrees that Bank shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving that it has incurred actual damages.

Appears in 2 contracts

Samples: Credit Agreement (Ogara Co /Oh/), Credit Agreement (Obsidian Enterprises Inc)

No Adequate Remedy at Law. Borrower recognizes that in the event Borrower fails to pay, perform, observe or discharge any of its obligations Obligations under this Agreement, the Note or the other Loan Documents, no remedy at law will provide adequate relief to the Bank and Borrower agrees that Bank shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving that it has incurred actual damages.

Appears in 1 contract

Samples: Credit Agreement (Bancinsurance Corp)

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No Adequate Remedy at Law. Borrower recognizes that in the event Borrower fails to pay, perform, observe or discharge any of its obligations Obligations under this Agreement, the Note Notes or the other Loan Documents, no remedy at law will provide adequate relief to Bank Agents and Banks and Borrower agrees that Bank Agent and Banks shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving that it has incurred actual damages.

Appears in 1 contract

Samples: Credit Agreement (Globe Business Resources Inc)

No Adequate Remedy at Law. Each Borrower recognizes that in the event such Borrower fails to pay, perform, observe or discharge any of its obligations Obligations under this Agreement, the Note Notes or the other Loan Documents, no remedy at law will provide adequate relief to Bank Agents and Banks and such Borrower agrees that Bank Agent and Banks shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving that it has incurred actual damages.

Appears in 1 contract

Samples: Credit Agreement (Globe Business Resources Inc)

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