Common use of Remedies of the Essence Clause in Contracts

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

Appears in 2 contracts

Samples: 364 Day Revolving Credit Facility (Trigen Energy Corp), Revolving Credit Facility (Trigen Energy Corp)

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Remedies of the Essence. The various rights and remedies of the Agent, the Issuing Bank Collateral Agent, the Co-Agents and the Banks under the Loan Documents are of the essence of those agreements, and the Agent, the Issuing Bank Collateral Agent, the Co-Agents and the Banks shall be entitled, to the extent permitted by Applicable Law, entitled to obtain a decree requiring specific performance of each such right and remedy.

Appears in 2 contracts

Samples: Secured Revolving/Term Credit Agreement (Resource Bancshares Mortgage Group Inc), Secured Revolving/Term Credit Agreement (Resource Bancshares Mortgage Group Inc)

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

Appears in 2 contracts

Samples: Credit Agreement (Aes Eastern Energy Lp), Credit Agreement (Aes Eastern Energy Lp)

Remedies of the Essence. The various rights and remedies of the Agent, the Issuing Bank Agent and the Banks under this Agreement, the Notes and the other Loan Documents are of the essence of those agreementsessence, and the Agent, the Issuing Bank Agent and the Banks shall be entitled, to the extent permitted by Applicable Law, entitled to obtain a decree requiring specific performance of each such right and remedy.

Appears in 1 contract

Samples: Credit Agreement (Owens Corning)

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

Appears in 1 contract

Samples: Secured Revolving O&m Costs Facility (Aes Eastern Energy Lp)

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