Common use of Injunctive Relief; Specific Performance Clause in Contracts

Injunctive Relief; Specific Performance. (a) Each of the parties acknowledges that the non-breaching party would be irreparably harmed and the total amount of monetary damages for any injury to such party will be impossible to calculate and therefore an inadequate remedy, and accordingly, the non-breaching party shall be entitled to seek temporary and permanent injunctive relief without posting bond or proving damages, against the breaching party and its employees, officers, directors, agents, representatives or independent contractors and to enforce specifically this Agreement and the terms and provisions thereof, if: (i) any of the provisions of Articles 9 and 13 were not performed in accordance with their specific terms or were otherwise breached; or (ii) a party did not [* * * ] (iii) [* * * ] (b) In such a circumstance, the non-breaching party may without delay institute an action in any court of the United States or any state or jurisdiction having subject matter jurisdiction, in addition to any remedy to which such party may be entitled, at law or in equity. If such court should find that one of the events set forth in paragraphs (i) through (iii) has occurred, the breaching party agrees that, without any additional findings of irreparable injury or other conditions to injunctive relief (including the posting of bond), it shall not oppose the entry of an appropriate order compelling performance by the breaching party and restraining it from any further breaches.

Appears in 3 contracts

Samples: Services Agreement (Capital One Funding, LLC), Services Agreement (Capital One Auto Receivables LLC), Services Agreement (Capital One Financial Corp)

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Injunctive Relief; Specific Performance. (a) Each of the parties acknowledges that the non-breaching party would be irreparably harmed and the total amount of monetary damages for any injury to such party will be impossible extremely difficult to calculate with specificity and therefore an inadequate remedy, and accordingly, the non-breaching party shall be entitled to seek temporary and permanent injunctive relief without posting bond or proving damages, against the breaching party and its employees, officers, directors, agents, representatives or independent contractors and to enforce specifically this Agreement and the terms and provisions thereof, if: (i) any of the provisions of Articles 9 and Section 8, 12, or 13 were not performed in accordance with their specific terms or were otherwise breached; or; (ii) a party did not [* * * ***]; or (iii) [* * * ***]. (b) In such a circumstance, the non-breaching party may without delay institute an action in any court of the United States or any state or jurisdiction having subject matter jurisdiction, in addition to any remedy to which such party may be entitled, at law or in equity. If such court should find that one of the events set forth in paragraphs (i) through (iii) has occurred, the alleged breaching party agrees that, without any additional findings of irreparable injury or other conditions to injunctive relief (including the posting of bond), it shall not oppose the entry of an appropriate order compelling performance by the breaching party and restraining it from any further breaches.

Appears in 1 contract

Samples: Processing Services Agreement (Capital One Financial Corp)

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