Common use of Available Remedies in the Event of Breach Clause in Contracts

Available Remedies in the Event of Breach. The Parties agree that, in the event of a Breach under this Agreement that is not cured, and following exhaustion of the process set forth in Section 6.1, the sole and exclusive remedies available to the Complaining Parties shall be to: (a) enforce, by specific performance, the Agreement obligations of the Alleged Breaching Party; (b) obtain an appropriate injunction to ensure compliance with the terms of this Agreement; or (c) exercise any other rights or remedies specifically set forth herein or otherwise permitted by law. Notwithstanding the above, and except as set forth in Section 6.3 below, no Party shall seek or be entitled to any monetary damages in the event of any breach or default under this Agreement. Nothing in this Section shall limit the ability of a Party to enforce an express payment obligation under Section 7 of this Agreement.

Appears in 4 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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