Common use of Damages Inadequate Clause in Contracts

Damages Inadequate. Notwithstanding section 5.2, the Owner acknowledges and agrees that in case of a breach of this Agreement which is not fully remediable by the mere payment of money and promptly so remedied, the harm sustained by the City and to the public interest will be irreparable and not susceptible of adequate monetary compensation.

Appears in 2 contracts

Sources: Housing Agreement and Covenant, Housing Agreement and Covenant

Damages Inadequate. Notwithstanding section 5.25.2 and 5.3, the Owner acknowledges and agrees that in case of a breach of this Agreement which is not fully remediable by the mere payment of money and promptly so remedied, the harm sustained by the City and to the public interest will be irreparable and not susceptible of adequate monetary compensation.

Appears in 1 contract

Sources: Housing Agreement