Remedies Clause Example from Business Contracts

This example Remedies clause appears in 3 contracts from 1 company

Remedies. The Sponsor and each of the Members hereby agree and acknowledge that (i) each of the Underwriters and the Company would be irreparably injured in the event of a breach by the Sponsor or such Member of its or his obligations, as applicable under paragraphs 3, 4, 5, 7, 10 and 11, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, ...in the event of such breach. View More