Common use of Specific Performance and Remedies Clause in Contracts

Specific Performance and Remedies. Shareholder acknowledges that it will be impossible to measure in money the damage to ICG if Shareholder fails to comply with the obligations imposed by this Agreement and that, in the event of any such failure, ICG will not have an adequate remedy at law or in damages. Accordingly, Shareholder agrees that injunctive relief or other equitable remedy, in addition to remedies at law or in damages, is the appropriate remedy for any such failure and will not oppose the granting of such relief on the basis that ICG has an adequate remedy at law. Shareholder agrees that it will not seek, and agrees to waive any requirement for, the securing or posting of a bond in connection with ICG's seeking or obtaining such equitable relief. In addition, after discussing the matter with Shareholder, ICG shall have the right to inform any third party that ICG reasonably believes to be, or to be contemplating, participating with Shareholder or receiving from Shareholder assistance in violation of this Agreement, of the terms of this Agreement and of the rights of ICG hereunder, and that participation by any such persons with Shareholder in activities in violation of Shareholder's agreement with ICG set forth in this Agreement may give rise to claims by ICG against such third party.

Appears in 1 contract

Sources: Shareholder Agreement (Intellect Capital Group LLC)

Specific Performance and Remedies. Shareholder Stockholder acknowledges that it will be impossible to measure in money the damage to ICG Parent if Shareholder Stockholder fails to comply with the obligations imposed by this Agreement and that, in the event of any such failure, ICG Parent will not have an adequate remedy at law or in damagesequity. Accordingly, Shareholder Stockholder agrees that injunctive relief or other equitable remedy, in addition to remedies at law or in damages, is the appropriate remedy for any such failure and will not oppose the granting of such relief on the basis that ICG Parent has an adequate remedy at law. Shareholder Stockholder agrees that it Stockholder will not seek, and agrees to waive any requirement for, the securing or posting of a bond in connection with ICGParent's seeking or obtaining such equitable relief. In addition, after discussing the matter with ShareholderStockholder, ICG Parent shall have the right to inform any third party that ICG Parent reasonably believes to be, or to be contemplating, participating with Shareholder Stockholder or receiving from Shareholder Stockholder assistance in violation of this Agreement, of the terms of this Agreement and of the rights of ICG Parent hereunder, and that participation by any such persons with Shareholder Stockholder in activities in violation of ShareholderStockholder's agreement with ICG Parent set forth in this Agreement may give rise to claims by ICG Parent against such third party.

Appears in 1 contract

Sources: Merger Agreement (Abington Bancorp Inc)

Specific Performance and Remedies. Shareholder acknowledges that it will be impossible to measure in money the damage to ICG CCBI if Shareholder fails to comply with the obligations imposed by this Agreement and that, in the event of any such failure, ICG CCBI will not have an adequate remedy at law or in damagesequity. Accordingly, Shareholder agrees that injunctive relief or other equitable remedy, in addition to remedies at law or in damages, is the appropriate remedy for any such failure and will not oppose the granting of such relief on the basis that ICG has CCBI may have an adequate remedy at law. Shareholder agrees that it Shareholder will not seek, and agrees to waive any requirement for, the securing or posting of a bond in connection with ICG's CCBI’s seeking or obtaining such equitable relief. In addition, after discussing the matter with Shareholder, ICG CCBI shall have the right to inform any third party that ICG CCBI reasonably believes to be, or to be contemplating, participating with Shareholder or receiving from Shareholder assistance in violation of this Agreement, of the terms of this Agreement and of the rights of ICG CCBI hereunder, and that participation by any such persons with Shareholder in activities in violation of Shareholder's ’s agreement with ICG CCBI set forth in this Agreement may give rise to claims by ICG CCBI against such third party.

Appears in 1 contract

Sources: Merger Agreement (Commercial Capital Bancorp Inc)

Specific Performance and Remedies. Shareholder acknowledges ------------------------------------ that it will be impossible to measure in money the damage to ICG if Shareholder fails to comply with the obligations imposed by this Agreement and that, in the event of any such failure, ICG will not have an adequate remedy at law or in damages. Accordingly, Shareholder ▇▇▇▇▇▇▇▇▇▇▇ agrees that injunctive relief or other equitable remedy, in addition to remedies at law or in damages, is the appropriate remedy for any such failure and will not oppose the granting of such relief on the basis that ICG has an adequate remedy at law. Shareholder agrees that it will not seek, and agrees to waive any requirement for, the securing or posting of a bond in connection with ICG's seeking or obtaining such equitable relief. In addition, after discussing the matter with Shareholder, ICG shall have the right to inform any third party that ICG reasonably believes to be, or to be contemplating, participating with Shareholder or receiving from Shareholder assistance in violation of this Agreement, of the terms of this Agreement and of the rights of ICG hereunder, and that participation by any such persons with Shareholder in activities in violation of Shareholder's agreement with ICG set forth in this Agreement may give rise to claims by ICG against such third party.

Appears in 1 contract

Sources: Stock Purchase Agreement (Photoloft Com)

Specific Performance and Remedies. Shareholder acknowledges that it --------------------------------- will be impossible to measure in money the damage to ICG the Company if Shareholder fails to comply with the obligations imposed by this Agreement and that, in the event of any such failure, ICG the Company will not have an adequate remedy at law or in damagesequity. Accordingly, Shareholder agrees that injunctive relief or other equitable remedy, in addition to remedies at law or in damages, is the appropriate remedy for any such failure and will not oppose the granting of such relief on the basis that ICG the Company has an adequate remedy at law. Shareholder agrees that it Shareholder will not seek, and agrees to waive any requirement for, the securing or posting of a bond in connection with ICGthe Company's seeking or obtaining such equitable relief. In addition, after discussing the matter with Shareholder, ICG the Company shall have the right to inform any third party that ICG the Company reasonably believes to be, or to be contemplating, participating with Shareholder or receiving from Shareholder assistance in violation of this Agreement, of the terms of this Agreement and of the rights of ICG the Company hereunder, and that participation by any such persons with Shareholder in activities in violation of Shareholder's agreement with ICG the Company set forth in this Agreement may give rise to claims by ICG the Company against such third party.

Appears in 1 contract

Sources: Merger Agreement (Chester Valley Bancorp Inc)