Common use of Limited Remedy Clause in Contracts

Limited Remedy. For greater certainty, the Parties agree that the compensation or damages to be received pursuant to this Article 8 is the sole remedy in compensation or damages of the party receiving such payment; provided however that nothing contained in this Article 8 or Section 9.1, including the payment of an amount under this Article 8 shall relieve or have the effect of relieving any Party in any way from liability for damages incurred or suffered by a Party as a result of a breach of this Agreement by a Party acting in bad faith with a clear intent and design to prevent the conditions precedent to this Agreement's completion from being satisfied. Nothing herein shall preclude a Party from seeking injunctive relief to restrain any breach or threatened breach of the covenants or agreements set forth in this Agreement or the Confidentiality Agreement or otherwise to obtain specific performance of any of such act, covenants or agreements, without the necessity of posting bond or security in connection therewith.

Appears in 3 contracts

Samples: Combination Agreement (Acetex Corp), Combination Agreement (Acetex Corp), Combination Agreement (Acetex Corp)

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Limited Remedy. For greater certainty, the Parties agree that the compensation or damages to be received pursuant to this Article 8 is the sole remedy in compensation or damages of the party Party receiving such payment; provided however provided, however, that nothing contained in this Article 8 or Section 9.1, including the payment of an amount under this Article 8 8, shall relieve or have the effect of relieving any Party in any way from liability for damages incurred or suffered by a Party as a result of a breach of this Agreement by a Party acting in bad faith with a clear intent and design to prevent the conditions precedent to this Agreement's completion from being satisfied. Nothing herein shall preclude a Party from seeking injunctive relief to restrain any breach or threatened breach of the covenants or agreements set forth in this Agreement or the Confidentiality Agreement or otherwise to obtain specific performance of any of such act, covenants covenant or agreementsagreement, without the necessity of posting bond or security in connection therewith.

Appears in 2 contracts

Samples: Arrangement Agreement (San Telmo Energy LTD), Arrangement Agreement (San Telmo Energy LTD)

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Limited Remedy. For greater certainty, the Parties agree that the compensation or damages to be received pursuant to this Article 8 9 is the sole remedy in compensation or damages of the party Party receiving such payment; provided however that nothing contained in this Article 8 9 or Section 9.110.1, including the payment of an amount under this Article 8 9, shall relieve or have the effect of relieving any Party in any way from liability for damages incurred or suffered by a Party as a result of a breach of this Agreement by a Party acting in bad faith with a clear intent and design to prevent the conditions precedent to this Agreement's ’s completion from being satisfied. Nothing herein shall preclude a Party from seeking injunctive relief to restrain any breach or threatened breach of the covenants or agreements set forth in this Agreement or the Confidentiality Agreement or otherwise to obtain specific performance of any of such act, covenants covenant or agreementsagreement, without the necessity of posting bond or security in connection therewith.

Appears in 1 contract

Samples: Arrangement Agreement (Virexx Medical Corp)

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