Specific Performance and Injunction. The parties acknowledge that if either party fails, or threatens to fail, to comply with its obligations under Article VII or Article VIII of this Agreement, the other party may suffer irreparable harm for which there may be no adequate remedy at law. Accordingly, if either party fails to comply with such obligations, then, in addition to its other remedies, the other party will be entitled immediately to injunctive relief or any other appropriate equitable remedy.
Appears in 4 contracts
Samples: Assumption Reinsurance Agreement, Exhibit 5, Assumption Reinsurance Agreement
Specific Performance and Injunction. The parties acknowledge that if either party fails, or threatens to fail, fails to comply with its obligations under Article VII 9 or Article VIII 10 of this Agreement, or threatens to fail to comply with Article 9 or Article 10, the other party may suffer irreparable harm for which there may be no adequate remedy at law. Accordingly, if either party fails to comply with such obligations, then, in addition to its other remedies, the other party will be entitled immediately to injunctive relief or any other appropriate equitable remedy.
Appears in 1 contract
Samples: Insurance Administrative Services Agreement (Merrill Lynch Life Insurance Co)
