Remedies Clause Example from Business Contracts

Remedies. 2.1 Covenants of the Company. The Company agrees to use its commercially reasonable efforts, within the requirements of applicable law, to ensure that the rights granted under this Agreement are effective and that the parties enjoy the benefits of this Agreement. Such actions include, without limitation, the use of the Company's commercially reasonable efforts to cause the nomination and election of the directors as provided in this Agreement. 2.2 Specific Enforcement. Each party acknowledges an...d agrees that each party hereto will be irreparably damaged in the event any of the provisions of this Agreement are not performed by the parties in accordance with their specific terms or are otherwise breached. Accordingly, it is agreed that each of the Company and the Stockholders shall be entitled to an injunction to prevent breaches of this Agreement, and to specific enforcement of this Agreement and its terms and provisions in any action instituted in any court of the United States or any state having subject matter jurisdiction. 2.3 Remedies Cumulative. All remedies, either under this Agreement or by law or otherwise afforded to any party, shall be cumulative and not alternative. 3 3. Term. This Agreement shall be effective as of the date hereof and shall terminate on the second anniversary of the date of this Agreement unless otherwise sooner terminated in accordance with the provisions of Section 4.8 below. View More