Common use of Injunction; Specific Performance Clause in Contracts

Injunction; Specific Performance. Each of the parties hereto hereby acknowledges that the other party will suffer irreparable damage and injury and will not have an adequate remedy at law in the event of any breach of any of its obligations under this Agreement. Accordingly, in the event of such a breach or of a threatened or attempted breach, in addition to all other remedies to which each party hereto is entitled to at law, each party shall be entitled to a temporary and permanent injunction (without the necessity of showing any actual damage) or a decree of specific performance of the provisions hereof, and no bond or other security shall be required in that connection. The remedies described in this Section 13 shall not be exhaustive and shall be in addition to all other remedies that either party may have at law, in equity or otherwise.

Appears in 2 contracts

Samples: Stock Option Agreement (Heartland Bancshares Inc /In/), Stock Option Agreement (Blue River Bancshares Inc)

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Injunction; Specific Performance. Each of the parties hereto hereby acknowledges that the other party will suffer irreparable damage and injury and will not have an adequate remedy at law in the event of any breach breac h of any of its obligations under this Agreement. Accordingly, in the event of such a breach or of a threatened or attempted breach, in addition to all other remedies to which each party hereto is entitled to at law, each party shall be entitled to a temporary and permanent injunction (without the necessity of showing any actual damage) or a decree of specific performance of the provisions hereof, and no bond or other security shall be required in that connection. The remedies described in this Section 13 10 shall not be exhaustive and shall be in addition to all other remedies that either party may have at law, in equity or otherwise.

Appears in 2 contracts

Samples: Stock Option Agreement (Blue River Bancshares Inc), Stock Option Agreement (Blue River Bancshares Inc)

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