Common use of Suits for Enforcement, etc Clause in Contracts

Suits for Enforcement, etc. In case any one or more of the Events of Default specified in section 12.1 shall have occurred, and irrespective of whether any Notes have become or have been declared immediately due and payable under section 12.1, the holder of any Note may proceed to protect and enforce its rights either by suit in equity or by action at law, or both. The Company stipulates that the remedies at law of the holder or holders of the Securities in the event of any default or threatened default by the Company in the performance of or compliance with any covenant or agreement in this Agreement or any of the other Operative Documents are not and will not be adequate and that, to the fullest extent permitted by law, such terms may be specifically enforced by a decree for the specific performance thereof, whether by an injunction against a violation thereof or otherwise.

Appears in 5 contracts

Samples: Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp), Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp), Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp)

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Suits for Enforcement, etc. In case any one or more of the Events of Default specified in section 12.1 16.1 shall have occurred, and irrespective of whether any Notes have become or have been declared immediately due and payable under section 12.116.1, the holder of any Note may proceed to protect and enforce its rights either by suit in equity or by action at law, or both. The Each Company stipulates that the remedies at law of the holder or holders of the Securities in the event of any default or threatened default by the Company it in the performance of or compliance with any covenant or agreement in this Agreement or any of the other Operative Documents are not and will not be adequate and that, to the fullest extent permitted by law, such terms may be specifically enforced by a decree for the specific performance thereof, whether by an injunction against a violation thereof or otherwise.

Appears in 1 contract

Samples: Securities Purchase Agreement (Swing N Slide Corp)

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Suits for Enforcement, etc. In case any one or more of the Events of Default specified in section 12.1 11.1 shall have occurred, and irrespective of whether any Notes have become or have been declared immediately due and payable under section 12.111.1, the holder of any Note may proceed to protect and enforce its rights either by suit in equity or by action at law, or both. The Company stipulates that the remedies at law of the holder or holders of the Securities in the event of any default or threatened default by the Company in the performance of or compliance with any covenant or agreement in this Agreement or any of the other Operative Documents are not and will not be adequate and that, to the fullest extent permitted by law, such terms may be specifically enforced by a decree for the specific performance thereof, whether by an injunction against a violation thereof or otherwise.

Appears in 1 contract

Samples: Seller Note Securities Purchase Agreement (Alion Science & Technology Corp)

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