Common use of Specific Enforcement; Extension of Period Clause in Contracts

Specific Enforcement; Extension of Period. (a) The Seller acknowledges that any breach or threatened breach by him of any provision of Sections 8.1 or 8.2 will cause continuing and irreparable injury to the Purchaser, the Company and their respective Related Companies for which monetary damages would not be an adequate remedy. Accordingly, the Purchaser, the Company and any of their respective Related Companies shall be entitled to injunctive relief from a court of competent jurisdiction, including specific performance, with respect to any such breach or threatened breach. In connection therewith, the Seller shall, in any action or proceeding to so enforce any provision of this Article 8, assert the claim or defense that an adequate remedy at law exists or that injunctive relief is not appropriate under the circumstances. The rights and remedies of the Purchaser, the Company and any of their respective Related Companies set forth in this Section 8.3 are in addition to any other rights or remedies to which the Purchaser, the Company or any of their respective Related Companies may be entitled, whether existing under this Agreement, at law or in equity, all of which shall be cumulative.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Imagemax Inc), Stock Purchase Agreement (Imagemax Inc)

AutoNDA by SimpleDocs

Specific Enforcement; Extension of Period. (a) The Seller and the Shareholder acknowledges that any breach or threatened breach by it or him of any provision of Sections 8.1 or 8.2 will cause continuing and irreparable injury to the Purchaser, Purchaser and the Company and their respective Related Companies for which monetary damages would not be an adequate remedy. Accordingly, the Purchaser, the Company Purchaser and any of their respective the Related Companies shall be entitled to injunctive relief from a court of competent jurisdiction, including specific performance, with respect to any such breach or threatened breach. In connection therewith, neither the Seller nor the Shareholder shall, in any action or proceeding to so enforce any provision of this Article 8, assert the claim or defense that an adequate remedy at law exists or that injunctive relief is not appropriate under the circumstances. The rights and remedies of the Purchaser, the Company Purchaser and any of their respective the Related Companies set forth in this Section 8.3 are in addition to any other rights or remedies to which the Purchaser, the Company Purchaser or any of their respective the Related Companies may be entitled, whether existing under this Agreement, at law or in equity, all of which shall be cumulative.

Appears in 1 contract

Samples: Asset Purchase Agreement (Imagemax Inc)

Specific Enforcement; Extension of Period. (a) The Seller acknowledges and the Members acknowledge that any breach or threatened breach by him them of any provision of Sections 8.1 or 8.2 will cause continuing and irreparable injury to the Purchaser, Purchaser and the Company and their respective Related Companies for which monetary damages would not be an adequate remedy. Accordingly, the Purchaser, the Company Purchaser and any of their respective the Related Companies shall be entitled to such injunctive relief from a court of competent jurisdiction, including specific performance, with respect to any such breach or threatened breach. In connection therewith, neither the Seller nor the Members shall, in any action or proceeding to so enforce any provision of this Article 8, assert the claim or defense that an adequate remedy at law exists or that injunctive relief is not appropriate under the circumstances. The rights and remedies of the Purchaser, the Company Purchaser and any of their respective the Related Companies set forth in this Section 8.3 are in addition to any other rights or remedies to which the Purchaser, the Company Purchaser or any of their respective the Related Companies may be entitled, whether existing under this Agreement, at law or in equity, all of which shall be cumulative.

Appears in 1 contract

Samples: Asset Purchase Agreement (Imagemax Inc)

AutoNDA by SimpleDocs

Specific Enforcement; Extension of Period. (a) The Seller acknowledges and the Shareholder acknowledge that any breach or threatened breach by it or him of any provision of Sections 8.1 7.1 or 8.2 7.2 will cause continuing and irreparable injury to the Purchaser, Purchaser and the Company and their respective Related Companies for which monetary damages would not be an adequate remedy. Accordingly, the Purchaser, the Company Purchaser and any of their respective the Related Companies shall be entitled to injunctive relief from a court of competent jurisdiction, including specific performance, with respect to any such breach or threatened breach. In connection therewith, neither the Seller nor the Shareholder shall, in any action or proceeding to so enforce any provision of this Article 87, assert the claim or defense that an adequate remedy at law exists or that injunctive relief is not appropriate under the circumstances. The rights and remedies of the Purchaser, the Company Purchaser and any of their respective the Related Companies set forth in this Section 8.3 7.3 are in addition to any other rights or remedies to which the Purchaser, the Company Purchaser or any of their respective the Related Companies may be entitled, whether existing under this Agreement, at law or in equity, all of which shall be cumulative.

Appears in 1 contract

Samples: Asset Purchase Agreement (Imagemax Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.