Common use of Specific Performance and other Equitable Rights Clause in Contracts

Specific Performance and other Equitable Rights. It is understood and agreed that monetary damages would not be a sufficient remedy for any breach of this Agreement by the Shareholder. Without prejudice to the rights and remedies otherwise available to it, Tahoe and Lake Shore will be entitled to equitable relief by way of specific performance or injunction or otherwise if the Shareholder breaches, or threatens to breach, any of the provisions of this Agreement. Tahoe and Lake Shore will not be required to obtain or furnish any bond or similar instrument in connection with or as a condition to obtaining or seeking any such remedy. Notwithstanding that damages may be readily quantifiable, the Shareholder agrees not to plead sufficiency of damages as a defense in any such proceeding and the Shareholder further agrees to not oppose Tahoe or Lake Shore in seeking or the granting of such relief.