Common use of Effect of Certain Terminations Clause in Contracts

Effect of Certain Terminations. In the event of termination of this Agreement pursuant to this Article VII, written notice thereof shall be given to each Party, specifying the provision of this Agreement pursuant to which such termination is made, and this Agreement, except for the provisions of Section 5.2(b), Section 5.7, Section 5.8, this Section 7.5, Section 7.6 and Article VIII, shall forthwith become null and void and there shall be no liability on the part of any Party and all rights and obligations of the Parties under this Agreement shall terminate, except for the provisions of Section 5.2(b), Section 5.7, Section 5.8, this Section 7.5, Section 7.6 and Article VIII, shall survive such termination; provided, however, that nothing herein shall relieve any Party from any liability for any intentional or willful and material breach by such Party of any of its representations, warranties, covenants or agreements set forth in this Agreement, and all rights and remedies of a non-breaching Party under this Agreement in the case of such intentional or willful and material breach, at law or in equity, shall be preserved.

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Tallgrass Energy GP, LP)

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Effect of Certain Terminations. In the event of termination of this Agreement pursuant to this Article VII, written notice thereof shall be given to each Partythe other party or parties, specifying the provision of this Agreement pursuant to which such termination is made, and this Agreement, except for the last sentence of Section 5.2 and the provisions of Section 5.2(b)5.5, Section 5.75.6, Section 5.8, this Section 7.5, Section 7.6 Article VII and Article VIII, shall forthwith become null and void and there shall be no liability on the part of any Party party to this Agreement and all rights and obligations of the Parties parties hereto under this Agreement shall terminate, except for the last sentence of Section 5.2 and the provisions of Section 5.2(b)5.5, Section 5.75.6, Section 5.8, this Section 7.5, Section 7.6 Article VII and Article VIII, VIII shall survive such termination; provided, however, except that nothing herein shall relieve any Party party hereto from any liability for any intentional or willful and material breach by such Party party of any of its representations, warranties, covenants or agreements set forth in this Agreement, Agreement and all rights and remedies of a non-breaching Party nonbreaching party under this Agreement in the case of such intentional or willful and material breach, at law or in equity, shall be preserved.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Dominion Energy Inc /Va/), Agreement and Plan of Merger (Dominion Energy Midstream Partners, LP)

Effect of Certain Terminations. In the event of termination of this Agreement pursuant to this Article VII, written notice thereof shall be given to each Partythe other party or parties, specifying the provision of this Agreement pursuant to which such termination is mademade (except in the case of a deemed termination pursuant to Section 7.3(b)), and this Agreement, except for the last sentence of Section 5.2 and the provisions of Section 5.2(b)5.5, Section 5.75.6, Section 5.8, this Section 7.5, Section 7.6 Article VII and Article VIII, shall forthwith become null and void and there shall be no liability on the part of any Party party to this Agreement or their respective directors, officers and Affiliates and all rights and obligations of the Parties parties hereto under this Agreement shall terminate, except for those contained in the last sentence of Section 5.2 and the provisions of Section 5.2(b)5.5, Section 5.75.6, Section 5.8, this Section 7.5, Section 7.6 Article VII and Article VIII, which shall survive such termination; providedexcept that (i) Parent may have liability as provided in Section 7.6, howeverand (ii) subject to Section 7.6(c), that nothing herein shall relieve any Party party hereto from any liability for any intentional or willful and material breach by such Party party of any of its representations, warranties, covenants or agreements set forth in this Agreement, Agreement and all rights and remedies of a non-breaching Party nonbreaching party under this Agreement in the case of such intentional or willful and material breach, at law or in equity, shall be preserved.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (SemGroup Corp), Agreement and Plan of Merger

Effect of Certain Terminations. In the event of termination of this Agreement pursuant to this Article VII, written notice thereof shall be given to each Partythe other party or parties, specifying the provision of this Agreement pursuant to which such termination is made, and this Agreement, except for the last sentence of Section 5.2 and the provisions of Section 5.2(b)5.5, Section 5.75.6, Section 5.8, this Section 7.5, Section 7.6 Article VII and Article VIII, shall forthwith become null and void and there shall be no liability on the part of any Party party to this Agreement and all rights and obligations of the Parties parties hereto under this Agreement shall terminate, except for the last sentence of Section 5.2 and the provisions of Section 5.2(b)5.5, Section 5.75.6, Section 5.8, this Section 7.5, Section 7.6 Article VII and Article VIII, VIII shall survive such termination; providedexcept that (i) Parent may have liability as provided in Section 7.6, howeverand (ii) subject to Section 7.6(c), that nothing herein shall relieve any Party party hereto from any liability for any intentional or willful and material breach by such Party party of any of its representations, warranties, covenants or agreements set forth in this Agreement, Agreement and all rights and remedies of a non-breaching Party nonbreaching party under this Agreement in the case of such intentional or willful and material breach, at law or in equity, shall be preserved.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Williams Companies Inc)

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Effect of Certain Terminations. In the event of termination of this Agreement pursuant to this Article VII, written notice thereof shall be given to each Partythe other party or parties, specifying the provision of this Agreement pursuant to which such termination is made, and this Agreement, except for the last sentence of Section 5.2 and the provisions of Section 5.2(b)5.5, Section 5.75.6, Section 5.8, this Section 7.5, Section 7.6 Article VII and Article VIII, shall forthwith become null and void and there shall be no liability on the part of any Party party to this Agreement and all rights and obligations of the Parties parties hereto under this Agreement shall terminate, except for the last sentence of Section 5.2 and the provisions of Section 5.2(b)5.5, Section 5.75.6, Section 5.8, this Section 7.5, Section 7.6 Article VII and Article VIII, VIII shall survive such termination; providedexcept that (i) Parent may have liability as provided in Section 7.6, howeverand (ii) subject to Section 7.6(e), that nothing herein shall relieve any Party party hereto from any liability for any intentional or willful and material breach by such Party party of any of its representations, warranties, covenants or agreements set forth in this Agreement, Agreement and all rights and remedies of a non-breaching Party nonbreaching party under this Agreement in the case of such intentional or willful and material breach, at law or in equity, shall be preserved.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Williams Partners L.P.)

Effect of Certain Terminations. In the event of termination of this Agreement pursuant to this Article VII, written notice thereof shall be given to each Partythe other party or parties, specifying the provision of this Agreement pursuant to which such termination is made, and this Agreement, except for the provisions of Section 5.2(b2.1(a), Section 5.74.5(d), Section 5.85.5, Section 5.6, this Section 7.5, Section 7.6 Article VII and Article VIII, shall forthwith become null and void and there shall be no liability on the part of any Party party to this Agreement and all rights and obligations of the Parties parties hereto under this Agreement shall terminate, except for the provisions of Section 5.2(b2.1(a), Section 5.74.5(d), Section 5.85.5, Section 5.6, this Section 7.5, Section 7.6 Article VII and Article VIII, VIII shall survive such termination; provided, however, except that nothing herein shall relieve any Party party hereto from any liability for any intentional or willful and material breach by such Party party of any of its representations, warranties, covenants or agreements set forth in this Agreement, Agreement and all rights and remedies of a non-breaching Party party under this Agreement in the case of such intentional or willful and material breach, at law or in equity, shall be preserved. For the avoidance of doubt, no termination of this Agreement pursuant to this Article VII shall affect the transactions contemplated by Section 2.1, including the consummation of the NNA Equity Issuance.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Navios Maritime Partners L.P.)

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