Common use of Emergency Measure Clause in Contracts

Emergency Measure. The PARTIES recognize that the breach or omission of the respective obligations under this clause may, for its nature and serious implications, cause immediate and unrecoverable damages to the other Party that may not be properly compensated, and that, in eventual breach or omission in addition to all legal instruments and equity, the damaged Party shall have the right to request an emergency measure for any tribunal within the competent jurisdiction without the need to prove real damages or provide bail or any other guarantee. If a tribunal of the competent jurisdiction believes that any of the Parties of this AGREEMENT contributed for the breach or omission (or tried or threatened) of such obligations, the Party that caused the damage agrees in not opposing any mandatory order issued by the tribunal within the competent jurisdiction.

Appears in 2 contracts

Samples: Partnership Agreement, Partnership Agreement

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Emergency Measure. The PARTIES recognize that the breach or omission of the respective obligations under this clause 13 may, for its nature and serious implications, cause immediate and unrecoverable damages to the other Party that may not be properly compensated, and that, in eventual breach or omission in addition to all legal instruments and equity, the damaged Party shall have the right to request an emergency measure for any tribunal within the competent jurisdiction without the need to prove real damages or provide bail or any other guarantee. If a tribunal of the competent jurisdiction believes that any of the Parties of this AGREEMENT contributed for the breach or omission (or tried or threatened) of such obligations, the Party that caused the damage agrees in not opposing any mandatory order issued by the tribunal within the competent jurisdiction.

Appears in 2 contracts

Samples: Master Services Agreement, Master Agreement

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