Common use of Necessity Clause in Contracts

Necessity. Furthermore, the Parties hereby stipulate and agree that the breach of this Section 7 will result in immediate and irreparable damage to the Company and that money damages alone would be inadequate to compensate the Company. Therefore, the Seller agrees that in the event of a breach or threatened breach of this Section 7, the Company may, in addition to any other remedies, immediately obtain and enforce injunctive relief, including but not limited to obtaining and enforcing a temporary restraining order, without bond, prohibiting any such breach or threatened breach and compelling performance hereunder, consent to which is hereby specifically given by the Seller.

Appears in 2 contracts

Sources: Stock Repurchase Agreement (First Consulting Group Inc), Stock Repurchase Agreement (Lipson David S)