Common use of Remedies of the Essence Clause in Contracts

Remedies of the Essence. The various rights and remedies of the Administrative Agent and the Lenders under the Loan Documents are of the essence of those agreements, and the Administrative Agent and the Lenders shall be entitled to obtain a decree requiring specific performance of each such right and remedy.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (PLM Equipment Growth Fund V), Loan Agreement (PLM Equipment Growth Fund Vi)

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Remedies of the Essence. The various rights and remedies of the Administrative Agent and the Lenders Banks under the Loan Documents are of the essence of those agreements, and the Administrative Agent and the Lenders Banks shall be entitled to obtain a decree requiring specific performance of each such right and remedy.

Appears in 3 contracts

Samples: Credit Agreement (Penncorp Financial Group Inc /De/), Credit Agreement (Reinsurance Group of America Inc), Credit Agreement (Reinsurance Group of America Inc)

Remedies of the Essence. The various rights and remedies of the Administrative Agent and the Lenders under the Loan Documents are of the essence of those agreements, and the Administrative Agent and the Lenders shall be entitled to obtain a decree requiring specific performance of each such right and remedy.

Appears in 2 contracts

Samples: Secured Credit Agreement (Frontier Airlines Inc /Co/), Secured Credit Agreement (Frontier Airlines Inc /Co/)

Remedies of the Essence. The various rights and remedies of the Administrative Agent and the Lenders Banks under the Borrower Loan Documents are of the essence of those agreements, and the Administrative Agent and the Lenders Banks shall be entitled to obtain a decree requiring specific performance of each such right and remedy.

Appears in 2 contracts

Samples: Credit Agreement (Comcast Cellular Holdings Inc), Credit Agreement (Comcast Cellular Holdings Inc)

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Remedies of the Essence. The various rights and remedies of the Administrative Agent Agent, the Issuing Banks and the Lenders under the Loan Documents are of the essence of those agreements, and the Administrative Agent Agent, the Issuing Banks and the Lenders shall be entitled to obtain a decree requiring specific performance of each such right and remedy.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (California Steel Industries Inc)

Remedies of the Essence. The various rights and ----------------------- remedies of the Administrative Agent and the Lenders Banks under the Loan Documents are of the essence of those agreements, and the Administrative Agent and the Lenders Banks shall be entitled to obtain a decree requiring specific performance of each such right and remedy.

Appears in 1 contract

Samples: Credit Agreement (Primestar Inc)

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