Damages; Remedies. The Sponsor hereby agrees and acknowledges that (a) the SPAC and the Company Parties would be irreparably injured in the event of a breach by the Sponsor of its obligations under this Support Agreement, (b) monetary damages may not be an adequate remedy for such breach and (c) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.
Appears in 3 contracts
Samples: Sponsor Voting and Support Agreement (Aquaron Acquisition Corp.), Sponsor Voting and Support Agreement (Plutonian Acquisition Corp.), Sponsor Voting and Support Agreement (Aquaron Acquisition Corp.)
Damages; Remedies. The Sponsor hereby agrees and acknowledges that (a) the SPAC Parent and the Company Parties would be irreparably injured in the event of a breach by the Sponsor of its obligations under this Support Agreement, (b) monetary damages may not be an adequate remedy for such breach breach, and (c) the non-breaching party shall be entitled to seek injunctive relief, in addition to any other remedy that such party Party may have in law or in equity, in the event of such breach or threatened breach, without the need to post a bond or other collateral security.
Appears in 2 contracts
Samples: Merger Agreement (Locust Walk Acquisition Corp.), Support Agreement (Locust Walk Acquisition Corp.)
