Common use of Specific Performance; Injunction Clause in Contracts

Specific Performance; Injunction. (a) The parties agree that it is impossible to determine the monetary damages which would accrue to the Corporation or any Shareholder or his personal representative by reason of the failure of any Other Shareholder or the Corporation to perform any of his or its obligations under this Agreement requiring the performance of an act other than the payment of money only. Each Shareholder shall be entitled to enforce its rights under this Agreement specifically and to exercise all other rights existing in their favor. The parties hereto agree and acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this Agreement and that each party may in its sole discretion apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive relief (without posting a bond or other security) in order to enforce or prevent any violation of the provisions of this Agreement. (b) In the event of a breach or threatened breach by a Shareholder of any of the provisions of this Agreement, the Corporation, and the remaining Shareholders shall be entitled to an injunction restraining such Shareholder from any such breach. The availability of these remedies shall not prohibit the Corporation from pursuing any other remedies for such breach or threatened breach, including the recovery of damages from the Shareholder.

Specific Performance; Injunction. (a) The parties agree that it is impossible to determine the monetary damages which that would accrue to the Corporation Company or any Shareholder or his personal representative by reason of the failure of any Other Shareholder or the Corporation Company to perform any of his or its obligations under this Agreement requiring the performance of an act other than the payment of money only. Each Shareholder shall be entitled to enforce its rights under this Agreement specifically and to exercise all other rights existing in their favor. The parties hereto agree and acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this Agreement and that each party may in its sole discretion apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive relief (without posting a bond or other security) in order to enforce or prevent any violation of the provisions of this Agreement. (b) In the event of a breach or threatened breach by a Shareholder of any of the provisions of this Agreement, the CorporationCompany, and the remaining Shareholders shall be entitled to an injunction restraining such Shareholder from any such breach. The availability of these remedies shall not prohibit the Corporation Company from pursuing any other remedies for such breach or threatened breach, including the recovery of damages from the Shareholder.