Common use of Injunctive Relief; Punitive Damages Clause in Contracts

Injunctive Relief; Punitive Damages. (a) The Borrower recognizes that, in the event the Borrower fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, the Borrower agrees that the Lenders, at the Lenders' option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 10 contracts

Samples: Credit Agreement (Restaurant Co of Minnesota), Credit Agreement (Cross Country Healthcare Inc), Credit Agreement (United Companies Financial Corp)

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Injunctive Relief; Punitive Damages. (a) The Borrower recognizes that, in the event the Borrower fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, the Borrower agrees that the Lenders, at the Lenders' option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 2 contracts

Samples: Credit Agreement (Bowater Inc), Eighth Amendment and Waiver (AbitibiBowater Inc.)

Injunctive Relief; Punitive Damages. (a) The Borrower recognizes Borrowers recognize that, in the event the Borrower fails Borrowers fail to perform, observe or discharge any of its their obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Administrative Agent and the Lenders. Therefore, the Borrower agrees Borrowers agree that the Administrative Agent and the Lenders, at the Administrative Agent’s or the Required Lenders' option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 2 contracts

Samples: Credit Agreement (Pool Corp), Credit Agreement (Pool Corp)

Injunctive Relief; Punitive Damages. (a) The Company and each Borrower recognizes recognize that, in the event the Borrower any such Person fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, the Company and each Borrower agrees agree that the Lenders, at the Lenders' option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Credit Agreement (Choice One Communications Inc)

Injunctive Relief; Punitive Damages. (a) The Borrower recognizes that, in the event the Borrower fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, the Borrower agrees that the Lenders, at the Lenders' option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Credit Agreement (Medimmune Inc /De)

Injunctive Relief; Punitive Damages. (a) The Each Borrower recognizes that, in the event the a Borrower fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, the Borrower agrees Borrowers agree that the Lenders, at the Lenders' option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Credit Agreement (United States Lime & Minerals Inc)

Injunctive Relief; Punitive Damages. (a) The Borrower 13.11.1 Each of the Borrowers recognizes that, in the event the Borrower fails Borrowers fail to perform, observe or discharge any of its obligations or liabilities under this AgreementAgreement or any of the other Loan Documents, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, each of the Borrower Borrowers agrees that the Lenders, at the Lenders' option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Credit Agreement (Imagemax Inc)

Injunctive Relief; Punitive Damages. (a) The Borrower recognizes that, in the event the Borrower fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, the Borrower agrees that the Lenders, at the Lenders' option, shall may be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Credit Agreement (Medcath Inc)

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Injunctive Relief; Punitive Damages. (a) The Borrower recognizes Borrowers recognize that, in the event the Borrower fails Borrowers fail to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, the Borrower agrees Borrowers agree that the Lenders, at the Lenders' option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Amendment Agreement (Aci Worldwide, Inc.)

Injunctive Relief; Punitive Damages. (a) The Borrower recognizes that, in the event the Borrower fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, the Borrower agrees that the Lenders, at the Lenders' option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Credit Agreement (Blackhawk Network Holdings, Inc)

Injunctive Relief; Punitive Damages. (a) The Borrower recognizes that, in the event the Borrower fails to perform, observe or discharge any upon an Event of its obligations or liabilities under this AgreementDefault, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, the Borrower agrees that the Lenders, at the Lenders' option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Credit Agreement (Mindspring Enterprises Inc)

Injunctive Relief; Punitive Damages. (a) The Borrower recognizes that, in the event the Borrower fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, the Borrower (on behalf of itself and its Subsidiaries) agrees that the Lenders, at the Lenders' option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Appears in 1 contract

Samples: Credit Agreement (Gt Interactive Software Corp)

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