Common use of Remedies; Specific Performance Clause in Contracts

Remedies; Specific Performance. The Parties agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with the terms hereof, and agree that in the event that any Party shall fail or refuse to consummate the transactions contemplated by this Agreement or if any default under or breach of any representation, warranty, covenant or condition of this Agreement on the part of any Party (the “Defaulting Party”) shall have occurred that results in the failure to consummate the transactions contemplated by this Agreement, then in addition to the other remedies provided herein, the other Party or Parties (the “Non-Defaulting Party”) shall be entitled to seek and obtain money damages from the Defaulting Party, and shall be entitled to an injunction or injunctions to prevent breaches of this Agreement or to an order of specific performance thereof against the Defaulting Party from a court of competent jurisdiction, in each case without the requirement of posting any other bond or other type of security. In addition, the Non-Defaulting Party shall be entitled to obtain from the Defaulting Party court costs and reasonable attorneys’ fees incurred in connection with or in pursuit of enforcing the rights and remedies provided hereunder. Each of the Parties agrees that it will not oppose the granting of an injunction, specific performance or other equitable relief on the basis that any other party has an adequate remedy at Law or that any award of specific performance is not an appropriate remedy for any reason at Law or in equity.

Appears in 7 contracts

Samples: Agreement and Plan of Merger and Reorganization (Serve Robotics Inc. /DE/), Share Exchange Agreement (Creations Inc), Agreement and Plan of Merger and Reorganization (New Century Resources Corp)

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Remedies; Specific Performance. The Parties agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with the terms hereof, and agree that in the event that any Party shall fail or refuse to consummate the transactions contemplated by this Agreement Contemplated Transactions or if any default under or breach of any representation, warranty, covenant or condition of this Agreement on the part of any Party (the “Defaulting Party”) shall have occurred that results in the failure to consummate the transactions contemplated by this AgreementContemplated Transactions, then in addition to the other remedies provided herein, the other Party or Parties (the “Non-Defaulting Party”) shall be entitled to seek and obtain money damages from the Defaulting Party, and shall be entitled to an injunction or injunctions to prevent breaches of this Agreement or to an order of specific performance thereof against the Defaulting Party from a court of competent jurisdiction, in each case without the requirement of posting any other bond or other type of security. In addition, the Non-Defaulting Party shall be entitled to obtain from the Defaulting Party court costs and reasonable attorneys’ fees incurred in connection with or in pursuit of enforcing the rights and remedies provided hereunder. Each of the Parties agrees that it will not oppose the granting of an injunction, specific performance or other equitable relief on the basis that any other party has an adequate remedy at Law law or that any award of specific performance is not an appropriate remedy for any reason at Law law or in equity.

Appears in 6 contracts

Samples: Agreement and Plan of Merger and Reorganization (EZRaider Co.), Agreement and Plan of Merger and Reorganization (Amesite Operating Co), Securities Exchange Agreement (Lifeapps Brands Inc.)

Remedies; Specific Performance. The Parties agree that irreparable damage would occur if any provision Except only for the inability of this Agreement were not performed in accordance with the Parent to obtain on terms hereofreasonably acceptable to the Parent and the Stockholders, and agree that the requisite amount of Required Financing by the Outside Closing Date, in the event that any Party shall fail or refuse to consummate the transactions contemplated by this Agreement Contemplated Transactions or if any default under or breach of any representation, warranty, covenant or condition of this Agreement on the part of any Party Party, (the “Defaulting Party”) shall have occurred that results in the failure to consummate the transactions contemplated by this AgreementTransactions, then in addition to the other remedies provided herein, the other non-defaulting Party or Parties (the “Non-Defaulting Party”) shall be entitled to seek and obtain money damages from the Defaulting Party, and shall be entitled or may seek to an injunction or injunctions to prevent breaches of this Agreement or to obtain an order of specific performance thereof against the Defaulting Party from a court of competent jurisdiction, in each case without provided that the requirement Non-Defaulting Party seeking such protection must file its request with such court within forty-five (45) days after it becomes aware of posting any other bond the Defaulting Party’s failure, refusal, default or other type of securitybreach. In addition, the Non-Defaulting Party shall be entitled to obtain from the Defaulting Party court costs and reasonable attorneys’ fees incurred in connection with or in pursuit of enforcing the rights and remedies provided hereunder. Each of the Parties agrees that it will not oppose the granting of an injunction, specific performance or other equitable relief on the basis that any other party has an adequate remedy at Law or that any award of specific performance is not an appropriate remedy for any reason at Law or in equity.

Appears in 4 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement, Asset Purchase Agreement (Ds Healthcare Group, Inc.)

Remedies; Specific Performance. The Parties agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with the terms hereof, and agree that in the event that any Party shall fail or refuse to consummate the transactions contemplated by this Agreement or if any default under or breach of any representation, warranty, covenant or condition of this Agreement on the part of any Party (the “Defaulting Party”) shall have occurred that results in the failure to consummate the transactions contemplated by this Agreement, then in addition to the other remedies provided herein, the other Party or Parties (the “Non-Defaulting Party”) shall be entitled to seek and obtain money damages from the Defaulting Party, and shall be entitled to an injunction or injunctions to prevent breaches of this Agreement or to an order of specific performance thereof against the Defaulting Party from a court of competent jurisdiction, in each case without the requirement of posting any other bond or other type of security. In addition, the Non-Defaulting Party shall be entitled to obtain from the Defaulting Party court costs and reasonable attorneys’ fees incurred in connection with or in pursuit of enforcing the rights and remedies provided hereunder. Each of the Parties agrees that it will not oppose the granting of an injunction, specific performance or other equitable relief on the basis that any other party has an adequate remedy at Law law or that any award of specific performance is not an appropriate remedy for any reason at Law law or in equity.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Compass Therapeutics, Inc.), Agreement and Plan of Merger and Reorganization (Peninsula Acquisition Corp)

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Remedies; Specific Performance. The Parties Pai1ies agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with the terms hereof, and agree that in the event that any Party shall fail or refuse to consummate the transactions contemplated by this Agreement or if any default under or breach of any representation, warranty, covenant or condition of this Agreement on the part of any Party (the "Defaulting Party") shall have occurred that results in m the failure to consummate the transactions contemplated by this Agreement, then in addition to the other remedies provided herein, the other Party or Parties (the "Non-Defaulting Party") shall be entitled to seek and obtain money damages from the Defaulting Party, and shall be entitled to an injunction or injunctions to prevent breaches of this Agreement or to an order of specific performance thereof against the Defaulting Party from a court of competent jurisdiction, in each case without the requirement of posting any other bond or other type of security. In addition, the Non-Defaulting Party shall be entitled to obtain from the Defaulting Party court costs and reasonable attorneys' fees incurred in connection with or in pursuit of enforcing the rights and remedies provided hereunder. Each of the Parties agrees that it will not oppose the granting of an injunction, specific performance or other equitable relief on the basis that any other party has an adequate remedy at Law or that any award of specific performance is not an appropriate remedy for any reason at Law or in equity.

Appears in 1 contract

Samples: Stock Purchase Agreement (Colambda Technologies, Inc.)

Remedies; Specific Performance. The Parties agree that irreparable damage would occur if any provision Except only for the inability of this Agreement were not performed in accordance with the Purchaser to obtain on terms hereofreasonably acceptable to the Purchaser and the Stockholders, and agree that the requisite amount of Required Financing by the Outside Closing Date, in the event that any Party shall fail or refuse to consummate the transactions contemplated by this Agreement Contemplated Transactions or if any default under or breach of any representation, warranty, covenant or condition of this Agreement on the part of any Party Party, (the “Defaulting Party”) shall have occurred that results in the failure to consummate the transactions contemplated by this AgreementTransactions, then in addition to the other remedies provided herein, the other non-defaulting Party or Parties (the “Non-Defaulting Party”) shall be entitled to seek and obtain money damages from the Defaulting Party, and shall be entitled or may seek to an injunction or injunctions to prevent breaches of this Agreement or to obtain an order of specific performance thereof against the Defaulting Party from a court of competent jurisdiction, in each case without provided that the requirement Non-Defaulting Party seeking such protection must file its request with such court within forty-five (45) days after it becomes aware of posting any other bond the Defaulting Party’s failure, refusal, default or other type of securitybreach. In addition, the Non-Defaulting Party shall be entitled to obtain from the Defaulting Party court costs and reasonable attorneys’ fees incurred in connection with or in pursuit of enforcing the rights and remedies provided hereunder. Each of the Parties agrees that it will not oppose the granting of an injunction, specific performance or other equitable relief on the basis that any other party has an adequate remedy at Law or that any award of specific performance is not an appropriate remedy for any reason at Law or in equity.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ds Healthcare Group, Inc.)

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