Specific Performance definition

Specific Performance means the fulfilment of either Party’s obligations in terms of this Lease Agreement;
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Specific Performance means the fulfilment of either Party’s obligations in terms of this Agreement;
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Specific Performance. The Grantor acknowledges that if the Grantor fails to perform any of its Obligations under the Transaction Document immediate and irreparable harm or injury would be caused to the Holder for which money damages would not be an adequate remedy. • In such event, the Grantor agrees that the Holder shall have the right, in addition to any other rights it may have, to specific performance of the Transaction Document. Accordingly, if the Holder should institute an action or proceeding seeking specific enforcement of the provisions hereof, the Grantor hereby waives the claim or defense that the Holder has an adequate remedy at Law and hereby agrees not to assert in any such action proceeding the claim or defense that such a remedy at Law exists. The Grantor further agrees to waive any requirements for the securing or posting of any bond in connection with obtaining any such equitable relief.
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Examples of Specific Performance in a sentence

  • The successful high bidder on this property will be required to sign the Specific Performance Real Estate Contract immediately upon conclusion of the bidding and will make an Xxxxxxx Money deposit of Ten Percent (10%) of the total sales price.

  • As a security and for ensuring Specific Performance of the contract, ASAL is entitled to obtain a security deposit from the Scrap Contractor.

  • Sections 1.4 (Expiration), 5.1 (Expenses), -------- 5.2 (Specific Performance), 5.3 (Notices), 5.5 (Successors and Assigns), 5.6 (Governing Law), 5.9 (Entire Agreement; No Third-Party Beneficiaries), 5.11 (Severability) and this Section 5.12 shall survive expiration of this Agreement.

  • Except as otherwise specifically provided herein, including as provided in Section 9 hereof, Specific Performance, all disputes arising under this Agreement shall be submitted to and settled by arbitration.

  • Complaint for Specific Performance of a Con- tract to Convey Land.


More Definitions of Specific Performance

Specific Performance means the fulfilment of either Party’s obligations in terms of this Mandate Agreement;
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Specific Performance. Right to legally enforce contract conditions. – Interest: Accrued from judicial demand date in absence of contrary stipulation.
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Specific Performance means Court will order the party to perform his part of agreement, instead of imposing on him any monetary liability to pay damages to other party.
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Specific Performance means the performance of obligations which derive from a contract following an order by a court, including the registration of immovable property to which the contract relates;
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Specific Performance. The parties to this Agreement recognize that any breach of their respective obligations under this Agreement could result in irreparable injury to the other party. Each party shall, therefore, be entitled, without restricting such party from other legal and equitable remedies, to injunctive and other equitable relief to prevent or restrain the breach of this Agreement, including, without limitation, the return and delivery of property immediately upon any termination of this Agreement as provided herein.
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Specific Performance. A remedy available to New Penn Financial if Lender breaches the Agreement whereby New Penn Financial may require precise fulfillment of the Lender’s contractual obligation to sell Loans to New Penn Financial pursuant to the terms of the Agreement and Commitment. TPO: Third Party Originated loans are loans originated by a party other than an New Penn Financial (CLD) Counterparty but closed in the name of an existing New Penn Financial (CLD) Lender for further sale to New Penn Financial (CLD).
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Specific Performance. A remedy available to NewRez if Lender breaches the Agreement whereby NewRez may require precise fulfillment of the Lender’s contractual obligation to sell Loans to NewRez pursuant to the terms of the Agreement and Commitment. TPO: Third Party Originated loans are loans originated by a party other than an NewRez (CLD) Counterparty but closed in the name of an existing NewRez (CLD) Lender for further sale to NewRez (CLD).
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