Common use of Right to Injunction; Survival of Undertakings Clause in Contracts

Right to Injunction; Survival of Undertakings. (a) In recognition of the confidential nature of the Confidential Information, and in recognition of the necessity of the limited restrictions imposed by this Agreement, Executive and WPX agree that it would be impossible to measure solely in money the damages which WPX would suffer if Executive were to breach any of his obligations hereunder. Executive acknowledges that any breach of any provision of this Agreement would irreparably injure WPX. Accordingly, Executive agrees that if he breaches any of the provisions of Article VI of this Agreement, WPX shall be entitled, in addition to any other remedies to which WPX may be entitled under this Agreement or otherwise, to an injunction to be issued by a court of competent jurisdiction, to restrain any breach, or threatened breach, of any provision of this Agreement without the necessity of posting a bond or other security therefor, and Executive hereby waives any right to assert any claim or defense that WPX has an adequate remedy at law for any such breach.

Appears in 5 contracts

Samples: Executive) (WPX Energy, Inc.), Control Severance Agreement (WPX Energy, Inc.), Control Severance Agreement (WPX Energy, Inc.)

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Right to Injunction; Survival of Undertakings. (a) In recognition of the confidential nature of the Confidential Information, and in recognition of the necessity of the limited restrictions imposed by this Agreement, Executive and WPX Xxxxxxxx agree that it would be impossible to measure solely in money the damages which WPX Xxxxxxxx would suffer if Executive were to breach any of his obligations hereunder. Executive acknowledges that any breach of any provision of this Agreement would irreparably injure WPXXxxxxxxx. Accordingly, Executive agrees that if he breaches any of the provisions of Article VI of this Agreement, WPX Xxxxxxxx shall be entitled, in addition to any other remedies to which WPX Xxxxxxxx may be entitled under this Agreement or otherwise, to an injunction to be issued by a court of competent jurisdiction, to restrain any breach, or threatened breach, of any provision of this Agreement without the necessity of posting a bond or other security therefor, and Executive hereby waives any right to assert any claim or defense that WPX Xxxxxxxx has an adequate remedy at law for any such breach.

Appears in 3 contracts

Samples: Control Severance Agreement (Williams Companies Inc), Control Severance Agreement (Williams Companies Inc), Control Severance Agreement (Williams Companies Inc)

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Right to Injunction; Survival of Undertakings. (a) In recognition of the confidential nature of the Confidential Information, and in recognition of the necessity of the limited restrictions imposed by this Agreement, Executive and WPX agree that it would be impossible to measure solely in money the damages which WPX would suffer if Executive were to breach any of his obligations hereunder. Executive acknowledges that any breach of any provision of this Agreement would irreparably injure WPX. Accordingly, Executive agrees that if he breaches any of the provisions of Article VI of this Agreement, WPX shall be entitled, in addition to any other remedies to which WPX may be entitled under this Agreement or otherwise, to an injunction to be issued by a court of competent jurisdiction, to restrain any breach, or threatened breach, of any provision of this Agreement without the necessity of posting a bond or other security therefor, and Executive hereby waives any right to assert any claim or defense that WPX has an adequate remedy at law for any such breach.

Appears in 2 contracts

Samples: Control Severance Agreement (WPX Energy, Inc.), Control Severance Agreement (WPX Energy, Inc.)

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