Need for Covenant and Legal Remedies Sample Clauses

Need for Covenant and Legal Remedies. The Employee expresses, agrees, and acknowledges that the Covenant Not to Compete contained in this Section 10 is necessary for DCOF's protection because of the nature and scope of DCOF's business and the Employee's position with and the scope of the duties and responsibilities delegated to the Employee by DCOF. Further, the Employee acknowledges that, in the event of his breach of this Covenant Not to Compete, money damages will not sufficiently compensate DCOF for its injury caused thereby, and the Employee accordingly agrees that in addition to such money damages, the Employee may be restrained and enjoined from any continuing breach of this Covenant Not to Compete without any bond or other security being required by any court. The Employee acknowledges that any breach of this Covenant Not to Compete will result in irreparable damage, harm, and injury to DCOF.
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Need for Covenant and Legal Remedies. The Employee expresses, agrees, and acknowledges that the Covenant Not to Compete contained in this Section 9 is necessary for First Scientific's protection because of the nature and scope of First Scientific's business and the Employee's position with and the scope of the duties and responsibilities delegated to the Employee by First Scientific. Further, the Employee acknowledges that, in the event of his breach of this Covenant Not to Compete, money damages will not sufficiently compensate First Scientific for its injury caused thereby, and the Employee accordingly agrees that in addition to such money damages, the Employee may be restrained and enjoined from any continuing breach of this Covenant Not to Compete without any bond or other security being required by any court. The Employee acknowledges that any breach of this Covenant Not to Compete will result in irreparable damage, harm and injury to First Scientific.
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Need for Covenant and Legal Remedies. The Employee expresses, agrees and acknowledges that the covenants not to compete contained in this Section 11 are necessary for the Company's protection because of the nature and scope of the Company's business and the Employee's position with and the scope of the duties and responsibilities delegated to the Employee by the Company pursuant to this Agreement. Furthermore, the Employee acknowledges that, in the event of his breach of any of the covenants not to compete contained in Section 11(a), Section 11(b) or Section 11(c) above, money damages will not sufficiently compensate the Company for the injury caused thereby, and the Employee accordingly agrees that in addition to such money damages (and further, in addition to the return to the Company of any severance pay paid to the Employee that is required to be returned to the Company pursuant to Section 10(d) above), he may be restrained and enjoined from any continuing breach of any of the covenants not to compete contained in Section 11(a), Section 11(b) or Section 11(c) above without any bond or other security being required by any court. The Employee acknowledges that any breach of any of the covenants not to compete contained in Section 11(a), Section 11(b) or Section 11(c) above will result in irreparable damage, harm and injury to the Company.
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Related to Need for Covenant and Legal Remedies

  • Other Covenants of the Parties The parties agree that, prior to the Closing:

  • Legal Remedies Those rights and remedies available to a secured party under the UCC (whether or not the UCC applies to the affected Collateral) or under any other applicable Laws (including, subject to the provisions of Section 11.08 of the Credit Agreement, any Law governing the exercise of a bank’s right of setoff or bankers’ lien) when a debtor is in default under a security agreement, including applying by appropriate judicial proceedings for the appointment of a receiver for all or any part of the Collateral (and Grantors hereby consent to such appointment).

  • Conditions to Legal or Covenant Defeasance In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 8.02 or 8.03 hereof:

  • Other Covenants (Section 5.1): Borrower shall at all times comply with all of the following additional covenants:

  • Director Covenants Director agrees that for a period of two (2) years from the Effective Time, Director shall not, directly or indirectly, individually or as an employee, partner, officer, director, promoter or shareholder or in any other capacity whatsoever, except in the performance of customary legal, accounting, insurance, or investment or investment management services as performed at the time of execution of the Agreement or of a similar nature:

  • Right of Court to Require Filing of Undertaking to Pay Costs All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this section shall not apply to any suit instituted by the Trustee, to any suit instituted by any Securityholder or group of Securityholders of any series holding in the aggregate more than 10% in aggregate principal amount of the Securities of such series, or, in the case of any suit relating to or arising under clauses 4.01(c) or 4.01(f) (if the suit relates to Securities of more than one but less than all series), 10% in aggregate principal amount of Securities Outstanding affected thereby, or in the case of any suit relating to or arising under clauses 4.01(c) or 4.01(f) (if the suit relates to all the Securities then Outstanding), 4.01(d) or 4.01(e), 10% in aggregate principal amount of all Securities Outstanding, or to any suit instituted by any Securityholder for the enforcement of the payment of the principal of or interest on any Security on or after the due date expressed in such Security.

  • Breach of Other Covenants Any of the Loan Parties shall default in the observance or performance of any other covenant, condition or provision hereof or of any other Loan Document and such default shall continue unremedied for a period of ten (10) Business Days;

  • Further Covenants of the Company The Company hereby covenants and agrees that:

  • Additional Remedies The rights, powers and remedies given to Bank hereunder shall be cumulative and not alternative and shall be in addition to all rights, powers and remedies given to Bank by law against Borrower or any other person, including but not limited to Bank's rights of setoff or banker's lien.

  • Indemnification and Remedies 37 13.1 Indemnification......................................................... 37 --------------- 13.2 Cumulative Remedies..................................................... 38 ------------------- 13.3 Equitable Remedies...................................................... 38 ------------------

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