Common use of Effect on Obligations Clause in Contracts

Effect on Obligations. Termination of this Agreement pursuant to this Article 12 shall terminate all obligations of the parties hereunder, except for the obligations under Sections 14.1, 14.2, 14.8, 14.9, and 14.11; provided, however, that termination by Buyer or Seller pursuant to clauses (b) or (c) of Section 12.1 shall not relieve the defaulting or breaching party from any liability to the other party hereto.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Lamar Advertising Co), Asset Purchase Agreement (Outdoor Systems Inc)

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Effect on Obligations. Termination of this Agreement pursuant to this Article 12 shall terminate all obligations obligation of the parties hereunder, except for the obligations under this Section 10.2 and Sections 14.111.2 (with respect to expenses), 14.2, 14.8, 14.9, 11.3 (with respect to publicity) and 14.115.2 (with respect to confidentiality); provided, however, that termination by Buyer or Seller pursuant to clauses (bSection 10.1(b) or (cSection 10.1(c) of Section 12.1 shall not relieve the defaulting or breaching party from any liability to the any other party heretounder this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Blue Rhino Corp), Merger Agreement (Blue Rhino Corp)

Effect on Obligations. Termination of this Agreement pursuant to this Article 12 8 shall terminate all obligations of the parties hereunder, except for the obligations under Sections 14.1, 14.2, 14.8, 14.9, and 14.11; provided, however, that termination by Buyer or Seller pursuant to clauses (bC) or (cD) of Section 12.1 8.1 shall not relieve the defaulting or any breaching party from any liability to the other party parties hereto.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Commodore Applied Technologies Inc), Agreement and Plan of Merger (Commodore Applied Technologies Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article 12 VIII shall terminate all obligations of the parties hereunder, except for the obligations under Sections 14.19.11, 14.2, 14.8, 14.9, 9.12 and 14.119.13 and this Section 8.02; provided, however, that termination by Buyer or Seller pursuant to clauses (b) or (c) of Section 12.1 nothing shall not relieve the defaulting or breaching party (whether or not it is the terminating party) from any liability to the other party hereto.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Intellesale Com Inc), Agreement of Purchase and Sale (Applied Cellular Technology Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article 12 Section 7.1 shall terminate all obligations of the parties hereunder, except for the obligations under Sections 14.19.6, 14.29.9, 14.89.11, 14.9, 9.12 and 14.11this Section 7.2; provided, however, that termination by Buyer or Seller pursuant to clauses (b) or (c) of Section 12.1 nothing herein shall not relieve the defaulting or breaching party from any liability to the other party parties hereto.

Appears in 1 contract

Samples: Securities Purchase Agreement (Shells Seafood Restaurants Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article 12 10 shall terminate all obligations of the parties hereunder, except for the obligations under Sections 14.1, 14.2, 14.8, 14.9, and 14.11paragraph 14; provided, however, that termination by Buyer or Seller pursuant to clauses (bparagraphs 10.1(b) or (c10.1(c) of Section 12.1 shall not relieve the defaulting or breaching party from any liability to the any other party hereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hansen Natural Corp)

Effect on Obligations. Termination of this Agreement pursuant to this Article 12 VIII shall terminate all obligations of the parties hereunder, except for the their obligations under Sections 14.1Section 11.06 and 11.13; PROVIDED, 14.2, 14.8, 14.9, and 14.11; provided, howeverHOWEVER, that termination by Buyer or Seller pursuant to clauses clause (b) or (c) of Section 12.1 8.01 shall not relieve the defaulting or breaching party from any liability to the other party hereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Alvey Systems Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article 12 Section 7 shall terminate all obligations of the parties hereunder, except for the obligations under Sections 14.18.1, 14.28.2, 14.8, 14.9, 8.9 and 14.118.12; provided, however, that termination by Buyer or Seller pursuant to clauses (b) or (c) of Section 12.1 nothing herein shall not relieve the defaulting or breaching party from any liability to the other party hereto.

Appears in 1 contract

Samples: Exchange Agreement (Capella Education Co)

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Effect on Obligations. Termination of this Agreement pursuant to this Article 12 VIII shall terminate all obligations of the parties hereunder, except for the obligations under Sections 14.19.11, 14.29.12 and 9.13, 14.8, 14.9, the last sentence of Section 4.03 and 14.11this Section 8.02; provided, however, that termination by Buyer or Seller pursuant to clauses (b) or (c) of Section 12.1 nothing shall not relieve the defaulting or breaching party (whether or not it is the terminating party) from any liability to the other party hereto.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Gulfstream Aerospace Corp)

Effect on Obligations. Termination of this Agreement pursuant to this Article 12 shall terminate all obligations of the parties hereunder, except for the obligations under Sections 14.1, 14.2, 14.8, 14.9, 12.1 (with respect to expenses) and 14.1112.2 (with respect to publicity); provided, however, that termination by Buyer or Seller pursuant to clauses (bSections 11.1(b) or (c) of Section 12.1 shall will not relieve the defaulting or breaching party from any liability to the any other party hereto, in the case of fraud or an intentional default of the defaulting party.

Appears in 1 contract

Samples: Asset Purchase Agreement (RCG Companies Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article 12 VII shall terminate all obligations of the parties hereunder, except for the obligations under Sections 14.1Section 10.1 (entitled "Brokerage"), 14.2, 14.8, 14.9, Section 10.2 (entitled "Expenses") and 14.11Section 10.4 (entitled "Attorneys' Fees"); provided, however, that termination by Buyer or Seller pursuant to clauses (b) Section 7.1.4 or (c) of Section 12.1 7.2.4 shall not relieve the breaching or defaulting or breaching party from any liability to the other party heretoor affect Sellers' right to liquidated damages under Section 8.2.

Appears in 1 contract

Samples: Equity Interest Purchase Agreement (Beasley Broadcast Group Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article 12 Section 10.1 hereof shall terminate all obligations of the parties hereunder, except for the their obligations under Article 11 and Article 12 hereof and Sections 14.1, 14.2, 14.8, 14.9, 6.2 and 14.11; provided, however, that termination by Buyer or Seller pursuant to clauses (b) or (c) of Section 12.1 shall not relieve the defaulting or breaching party from any liability to the other party hereto7.2 hereof.

Appears in 1 contract

Samples: Confidential Treatment (ONCOSEC MEDICAL Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article 12 X shall terminate all obligations of the parties hereunder, except for the obligations under Article XI and Sections 14.112.08, 14.2, 14.8, 14.912.09, and 14.1112.11; provided, however, that termination by Seller pursuant to clause (b) or by Buyer or Seller pursuant to clauses (b) or clause (c) of Section 12.1 10.01 shall not relieve the defaulting or breaching party from any liability to the other party hereto.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Outdoor Systems Inc)

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