Common use of Restraining Order Clause in Contracts

Restraining Order. In the event that a Member shall at any time transfer or attempt to transfer any of its Units and any rights hereby granted, then the other Members shall, in addition to all rights and remedies at law and in equity, be entitled to a decree or order restraining and enjoining such Transfer and the offending Member shall not plead in defense thereto that there would be an adequate remedy at law; it being hereby expressly acknowledged and agreed that damages at law will be an inadequate remedy for a breach or threatened breach of the violation of the provisions concerning transfer set forth in this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Higher Education Funding I), Limited Liability Company Agreement (Higher Education Funding I)

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Restraining Order. In the event that a any Member shall at any time transfer or attempt to transfer any its Company interest in violation of its Units the provisions of this Agreement and any rights hereby granted, then the other Members Member shall, in addition to all rights and remedies at law and in equity, be entitled to a decree or order restraining and enjoining such Transfer transfer and the offending Member shall not plead in defense thereto that there would be an adequate remedy at law; it being hereby expressly acknowledged and agreed that damages at law will be an inadequate remedy for a breach or threatened breach of the violation of the provisions concerning transfer set forth in this Agreement.

Appears in 2 contracts

Samples: Operating Agreement (Behringer Harvard Opportunity REIT II, Inc.), Operating Agreement (Inland Western Retail Real Estate Trust Inc)

Restraining Order. In the event that a If any Member shall at any time transfer transfers or attempt attempts to transfer any its Member's Interest in violation of its Units the provisions of this Agreement and any rights hereby granted, then the other Members shall, in addition to all rights and remedies at law and in equity, be entitled to a decree or order restraining and enjoining such Transfer the transfer and the offending Member shall not plead in defense thereto that there would be an adequate remedy at law; it being hereby expressly acknowledged and agreed that damages at law will would be an inadequate remedy for a breach or threatened breach of the violation of the provisions concerning transfer set forth in this Agreement.

Appears in 1 contract

Samples: Operating Agreement (SSP Solutions Inc)

Restraining Order. In the event that a If either Member shall at any time transfer Transfer or attempt to transfer any Transfer its Member Interest or part thereof in violation of its Units the provisions of this Agreement and any rights hereby granted, then the other Members Member shall, in addition to all rights and remedies at law and in equity, be entitled to a decree or order restraining and enjoining such Transfer and the offending Member shall not plead in defense thereto that there would be an adequate remedy at law; it being hereby expressly acknowledged and agreed that damages at law will be an inadequate remedy for a breach or threatened breach of the violation of the provisions concerning transfer Transfer set forth in this Agreement.

Appears in 1 contract

Samples: Contribution and Formation Agreement (Cousins Properties Inc)

Restraining Order. In the event that If a Member shall at any time transfer Transfer or attempt to transfer any Transfer its Interest or part thereof in violation of its Units and any rights hereby grantedthis Agreement, then the other Members shall, in addition to all rights and remedies at law and in equity, be entitled to a decree or order restraining and enjoining such Transfer and the offending Member shall not plead in defense thereto that there would be an adequate remedy at law; it being hereby expressly acknowledged and agreed that damages at law will likely be an inadequate remedy for a breach or threatened breach of the violation of the provisions concerning transfer Transfer set forth in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Seaport Entertainment Group Inc.)

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Restraining Order. In the event that a If either Member shall at any time transfer Transfer or attempt to transfer any Transfer its Percentage Interest or part thereof in violation of its Units the provisions of this Agreement and any rights hereby granted, then the other Members Member shall, in addition to all rights and remedies at law and in equity, be entitled to a decree or order restraining and enjoining such Transfer and the offending Member shall not plead in defense thereto that there would be an adequate remedy at law; it being hereby expressly acknowledged and agreed that damages at law will be an inadequate remedy for a breach or threatened breach of the violation of the provisions concerning transfer Transfer set forth in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Chelsea Gca Realty Inc)

Restraining Order. In the event that a any Member shall at any time transfer Transfer or attempt to transfer any Transfer its Membership Interest in violation of its Units the provisions of this Agreement and any rights hereby granted, then the other Members Member shall, in addition to all rights and remedies at law and in equity, be entitled to a decree or order restraining and enjoining such Transfer and the offending Member shall not plead in defense thereto that there would be an adequate remedy at law; it being hereby expressly acknowledged and agreed that damages at law will be an inadequate remedy for a breach or threatened breach of the violation of the provisions concerning transfer Transfer set forth in this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Inland Western Retail Real Estate Trust Inc)

Restraining Order. In the event that a Member shall at any time transfer or attempt to transfer any its Interest in violation of its Units and any rights hereby grantedthe provisions of this Agreement, then the any other Members Member shall, in addition to all rights and remedies at law and in equity, be entitled to a decree or order restraining and enjoining such Transfer transfer, without any bond or other security being required, and the offending Member purporting to make such transfer shall not plead in defense thereto that there would be an adequate remedy at law; , it being hereby expressly acknowledged and agreed that damages at law will be an inadequate remedy for a breach or threatened breach of the violation of the provisions concerning transfer set forth in this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Gold Kist Inc)

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