Common use of Specific Performance, Etc Clause in Contracts

Specific Performance, Etc. The rights granted to Agent under this Agreement are of a special, unique, unusual and extraordinary character. The loss of any of such rights cannot reasonably or adequately be compensated by way of damages in any action at law, and any material breach by Pledgor of any of Pledgor's covenants, agreements or obligations under this Agreement will cause Agent irreparable injury and damage. In the event of any such breach, Agent shall be entitled, as a matter of right, to injunctive relief or other equitable relief in any court of competent jurisdiction to prevent the violation or contravention of any of the provisions of this Agreement or to compel compliance with the terms of this Agreement by the Pledgor. Agent is absolutely and irrevocably authorized and empowered by Pledgor to demand specific performance of each of the covenants and agreements of Pledgor in this Agreement. Pledgor hereby irrevocably waives any defense based on the adequacy of any remedy at law which might otherwise be asserted by Pledgor as a bar to the remedy of specific performance in any action brought by Agent against Pledgor to enforce any of the covenants or agreements of Pledgor in this Agreement.

Appears in 2 contracts

Samples: Stock Pledge Agreement (PCD Inc), Stock Pledge Agreement (PCD Inc)

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Specific Performance, Etc. The rights granted to Agent the Lender under this Agreement are of a special, unique, unusual and extraordinary character. The loss of any of such rights cannot reasonably or adequately be compensated by way of damages in any action at law, and any material breach by the Pledgor of any of Pledgor's its covenants, agreements or obligations under this Agreement will cause Agent the Lender irreparable injury and damage. In the event of any such breach, Agent the Lender shall be entitled, as a matter of right, to injunctive relief or other equitable relief in any court of competent jurisdiction to prevent the violation or contravention of any of the provisions of this Agreement or to compel compliance with the terms of this Agreement by the Pledgor. Agent The Lender is absolutely and irrevocably authorized and empowered by the Pledgor to demand specific performance of each of the covenants and agreements of the Pledgor in this Agreement. Agreement and the Pledgor hereby irrevocably waives any defense based on the adequacy of any remedy at law which might otherwise be asserted by the Pledgor as a bar to the remedy of specific performance in any action brought by Agent the Lender against the Pledgor to enforce any of the covenants or agreements of the Pledgor in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Cell Genesys Inc)

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Specific Performance, Etc. The rights granted to Agent Lender under this Agreement are of a special, unique, unusual and extraordinary character. The loss of any of such rights cannot reasonably or adequately be compensated by way of damages in any action at law, and any material breach by Pledgor of any of Pledgor's covenants, agreements or obligations under this Agreement will cause Agent Lender irreparable injury and damage. In the event of any such breach, Agent Lender shall be entitled, as a matter of right, to injunctive relief or other equitable relief in any court of competent jurisdiction to prevent the violation or contravention of any of the provisions of this Agreement or to compel compliance with the terms of this Agreement by the Pledgor. Agent Lender is absolutely and irrevocably authorized and empowered by Pledgor to demand specific performance of each of the covenants and agreements of Pledgor in this Agreement. Pledgor hereby irrevocably waives any defense based on the adequacy of any remedy at law which might otherwise be asserted by Pledgor as a bar to the remedy of specific performance in any action brought by Agent Lender against Pledgor to enforce any of the covenants or agreements of Pledgor in this Agreement.

Appears in 1 contract

Samples: Stock Pledge Agreement (Broadway & Seymour Inc)

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