Non-Interference with Remedies; Specific Performance Sample Clauses
The "Non-Interference with Remedies; Specific Performance" clause ensures that the rights and remedies available to parties under a contract are preserved and not limited by other provisions. In practice, this means that if one party breaches the agreement, the other party can still seek all available legal or equitable remedies, such as monetary damages or court orders requiring performance of specific obligations. This clause is particularly important for protecting a party’s ability to obtain specific performance, which is a court-ordered requirement that the breaching party fulfill their contractual duties, and it prevents the other party from arguing that only limited remedies are available. Ultimately, this clause safeguards the full range of enforcement options and ensures that parties can effectively address breaches of contract.
Non-Interference with Remedies; Specific Performance. The Company agrees that following the occurrence and during the continuance of an Event of Default it will not at any time pledge, claim or take the benefit of any appraisal, valuation, stay, extension, moratorium or redemption law now or hereafter in force in order to prevent or delay the enforcement of this Note, or the absolute sale of the whole or any part of the Collateral or the possession thereof by any purchaser at any sale hereunder, and the Company waives the benefit of all such laws to the extent it lawfully may do so. The Company agrees it will not interfere with any right, power or remedy of the Holder provided for in this Note now or hereafter existing at law or in equity or by statute or otherwise, or with the exercise or beginning of the exercise by the Holder of any one or more of such rights, powers or remedies.
Non-Interference with Remedies; Specific Performance. (a) The Grantor agrees that following the occurrence and during the continuance of an Event of Default it will not at any time pledge, claim or take the benefit of any appraisal, valuation, stay, extension, moratorium or redemption law now or hereafter in force in order to prevent or delay the enforcement of this Agreement, or the absolute sale of the whole or any part of the Collateral or the possession thereof by any purchaser at any sale hereunder, and the Grantor waives the benefit of all such laws to the extent it lawfully may do so. The Grantor agrees it will not interfere with any right, power or remedy of the Security Trustee provided for in this Agreement now or hereafter existing at law or in equity or by statute or otherwise, or with the exercise or beginning of the exercise by the Security Trustee of any one or more of such rights, powers or remedies.
(b) The Grantor agrees that a breach of any of the agreements or covenants contained in this Agreement will cause irreparable injury to the Security Trustee, that the Security Trustee has no adequate remedy at law in respect of such breach and, as a consequence, agrees that each and every agreement and covenant contained in this Agreement shall be specifically enforceable against the Grantor, and the Grantor hereby waives and agrees not to assert any defenses against an action for specific performance of such agreements or covenants except for a defense that the Secured Obligations are not then due and payable in accordance with the agreements and instruments governing and evidencing such Secured Obligations.
Non-Interference with Remedies; Specific Performance. The Grantor agrees that following the occurrence and during the continuance of an Event of Default it will not at any time pledge, claim or take the benefit of any appraisal, valuation, stay, extension, moratorium or redemption law now or hereafter in force in order to prevent or delay the enforcement of this Security Agreement, or the absolute sale of the whole or any part of the Collateral or the possession thereof by any purchaser at any sale hereunder, and the Grantor waives the benefit of all such laws to the extent it lawfully may do so. The Grantor agrees it will not interfere with any right, power or remedy of the Grantee provided for in this Security Agreement now or hereafter existing at law or in equity or by statute or otherwise, or with the exercise or beginning of the exercise by the Grantee of any one or more of such rights, powers or remedies.
Non-Interference with Remedies; Specific Performance. (a) Each Pledgor individually agrees that following the occurrence and during the continuance of a default by such Pledgor in its respective Secured Obligations, it will not at any time, pledge, claim or take the benefit of any appraisal, valuation, stay, extension, moratorium or redemption law now or hereafter in force in order to prevent or delay the enforcement of this Agreement, or the absolute sale of the whole or any part of such Pledgor's Collateral or the possession thereof by any purchaser at any sale hereunder, and each Pledgor individually waives the benefit of all such laws to the extent they lawfully may do so. The Pledgors agree they will not interfere with any right, power or remedy of the Pledgee provided for in this Agreement now or hereafter existing at law or in equity or by statute or otherwise, or with the exercise or beginning of the exercise by the Pledgee of any one or more of such rights, powers or remedies.
(b) The Pledgors agree that a breach of any of the agreements or covenants contained in this Agreement will cause irreparable injury to the Pledgee, that the Pledgee has no adequate remedy at law in respect of such breach and, as a consequence, agrees that each and every agreement and covenant of a Pledgor contained in this Agreement shall be specifically enforceable against such Pledgor and only such Pledgor, individually and not jointly, and the Pledgors hereby waive and agree not to assert any defenses against an action for specific performance of such agreements or covenant.