Common use of No Adequate Remedy Clause in Contracts

No Adequate Remedy. Notwithstanding Sections 5.7 and 6.2, the parties declare that it is impossible to accurately measure in money the damages which xxxx accrue to either party by reason of a failure to perform any of the obligations under this Agreement. Therefore, if either party institutes any action or proceeding to enforce the provisions hereof, other than a claim by Executive for a payment pursuant to Section 5.7 or 6.2, the party against whom such action or proceeding is brought hereby waives the claim or defense that such party has an adequate remedy at law, and such party shall not assert in any such action or proceeding the claim or defense that such party has an adequate remedy at law.

Appears in 4 contracts

Samples: Executive Employment Agreement (Greentree Software Inc), Executive Employment Agreement (Greentree Software Inc), Executive Employment Agreement (Greentree Software Inc)

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No Adequate Remedy. Notwithstanding Sections 5.7 and 6.2paragraph 4.7, the parties declare that it is impossible to accurately measure in money the damages which xxxx will accrue to either party by reason of a failure to perform any of the obligations under this Agreement. Therefore, if either party institutes shall institute any action or proceeding to enforce the provisions hereof, other than a claim by Executive for a payment pursuant to Section 5.7 or 6.2paragraph 4.7, the party against whom such action or proceeding is brought hereby waives the claim or defense that such party has an adequate remedy at law, and such party shall not assert in any such action or proceeding the claim or defense that such party has an adequate remedy at law.

Appears in 2 contracts

Samples: Executive Employment Agreement (Illuminated Media Inc), Employment Agreement (Photran Corp)

No Adequate Remedy. Notwithstanding Sections 5.7 and 6.2Section 4.7, the parties declare that it is impossible to accurately measure in money the damages which xxxx will accrue to either party by reason of a failure to perform any of the obligations under this Agreement. Therefore, if either party institutes shall institute any action or proceeding to enforce the provisions hereof, other than a claim by Executive for a payment pursuant to Section 5.7 or 6.24.7, the party against whom such action or proceeding is brought hereby waives the claim or defense that such party has an adequate remedy at law, and such party shall not assert in any such action or proceeding the claim or defense that such party has an adequate remedy at law.

Appears in 2 contracts

Samples: Executive Employment Agreement (Cycle Country Accessories Corp), Executive Employment Agreement (Cycle Country Accessories Corp)

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No Adequate Remedy. Notwithstanding Sections 5.7 and 6.2paragraph 4.7, the parties declare that it is impossible to accurately measure in money the damages which xxxx will accrue to either party by reason of a failure to perform any of the obligations under this Agreement. Therefore, if either party institutes shall institute any action action. or proceeding to enforce the provisions hereof, other than a claim by Executive for a payment pursuant to Section 5.7 or 6.2paragraph 4.7, the party against whom such action or proceeding is brought hereby waives the claim or defense that such party has an adequate remedy at lawLaw, and such party shall not assert in any such action or proceeding the claim claims or defense that such party has an adequate remedy at law.

Appears in 1 contract

Samples: Employment Agreement (Fastfunds Financial Corp)

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