Common use of Specific Performance; Limitation on Damages Clause in Contracts

Specific Performance; Limitation on Damages. (a) The Company and the Bank agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed by them in accordance with their specific terms. It is accordingly agreed that Purchaser shall be entitled to specific performance of the terms hereof, this being in addition to any other remedies to which Purchaser is entitled at law or equity. Notwithstanding anything to the contrary herein, in no event shall Purchaser be responsible to the Company or the Bank for any consequential, special or punitive damages.

Appears in 5 contracts

Samples: Investment Agreement (North American Financial Holdings, Inc.), Investment Agreement (North American Financial Holdings, Inc.), Investment Agreement (North American Financial Holdings, Inc.)

AutoNDA by SimpleDocs

Specific Performance; Limitation on Damages. (a) The Company and the Bank agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed by them in accordance with their specific terms. It is accordingly agreed that Purchaser shall be entitled to specific performance of the terms hereof, this being in addition to any other remedies to which Purchaser is entitled at law or equity. Notwithstanding anything to the contrary herein, in no event shall Purchaser be responsible to the Company or the Bank for any consequential, special or punitive damagesdamages or any fees or expenses other than pursuant to Section 5.3(b)(1).

Appears in 2 contracts

Samples: Investment Agreement (North American Financial Holdings, Inc.), Investment Agreement (Green Bankshares, Inc.)

AutoNDA by SimpleDocs

Specific Performance; Limitation on Damages. (a) The Company and the Bank agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed by them in accordance with their specific terms. It is accordingly agreed that Purchaser Investor shall be entitled to seek specific performance of the terms hereof, this being in addition to any other remedies to which Purchaser Investor is entitled at law or equity. Notwithstanding anything to the contrary herein, in no event shall Purchaser be responsible to the Company or the Bank for any consequential, special or punitive damages.

Appears in 1 contract

Samples: Investment Agreement (Crescent Financial Corp)

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