Common use of Effect of Termination of the Agreement Clause in Contracts

Effect of Termination of the Agreement. In the event of a valid -------------------------------------- termination of this Agreement before the Closing, this Agreement shall forthwith become void and there shall be no liability or obligation on the part of Buyer or Seller, or their respective officers, directors or stockholders or Affiliates or Associates; provided, however, that each Party shall remain liable for any breaches of this Agreement prior to its termination; and provided further that, the provisions of Sections 13.1, 14.3 and 15 of this Agreement shall remain in full force and effect and survive any termination of this Agreement, in addition to any other provisions that by their terms survive termination and any other provisions of this Agreement to the extent necessary to give meaning and effect to the foregoing Sections.

Effect of Termination of the Agreement. In the event of a valid -------------------------------------- termination of this Agreement before the Closing, this Agreement shall forthwith become void and there shall be no liability or obligation on the part of Buyer or Seller, or their respective officers, directors or stockholders or Affiliates or Associates; provided, however, that each Party shall remain liable for any breaches of this Agreement prior to its termination; and provided further that, the provisions of Sections 13.1, 14.3 and 15 of this Agreement shall remain in full force and effect and survive any termination of this Agreement, in addition to any other provisions that by their terms survive termination and any other provisions of this Agreement to the extent necessary to give meaning and effect to the foregoing Sections.