Common use of Effects of Termination or Expiry of this Agreement Clause in Contracts

Effects of Termination or Expiry of this Agreement. Upon termination or expiry of this Agreement, this Agreement will be void and there shall be no liability on the part of any Party (or their respective officers, directors or employees) except that the following shall survive such termination: (i) the obligation of the Company to pay to the Manager or his Designated Affiliates any then accrued but outstanding Transaction Fees under Article IV, (ii) the obligations of the Company with respect to the Transaction Fee Shares pursuant to Article IV, (iii) the obligations of the Manager under Section 4.01 (c) and (iv) the terms and conditions set forth in Article V (Liability of the Manager; Indemnification) and Section 7.03 (Confidentiality), Section 7.04 (Notices), Section 7.05 (Third Party Rights), Section 7.07 (Severability), Section 7.08 (Governing Law and Jurisdiction), Section 7.10 (Amendment), Section 7.12 (Waiver) and Section 7.14 (Resignation).

Appears in 2 contracts

Samples: Transaction Services Agreement (Seaspan CORP), Transaction Services Agreement (Seaspan CORP)

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Effects of Termination or Expiry of this Agreement. Upon termination of this Agreement under Section 6.02 or upon the expiry of this AgreementAgreement at the end of the Term, this Agreement will be void thereupon become discharged and there shall be no liability on the part of any Party (or their respective officers, directors or employees) except that the following shall forever survive such termination: (i) the obligation of the Company to pay to the Manager or his its Designated Affiliates any then accrued but outstanding Transaction Financing Fees or to reimburse any applicable expenses under Article IV, (ii) the obligations of the Company with respect to the Transaction Financing Fee Shares pursuant to Article IV, (iii) the obligations of the Company to pay the Termination Payment to the Manager under in accordance with Section 4.01 (c) 6.02(f), as applicable, and (iv) the terms and conditions set forth in Article V (Liability of the Manager; Indemnification) and Section 7.03 (Confidentiality), Section 7.04 (Notices), Section 7.05 (Third Party Rights), Section 7.07 (Severability), Section 7.08 (Governing Law and Jurisdiction), Section 7.10 (Amendment), Section 7.12 (Waiver) and Section 7.14 (Resignation).

Appears in 1 contract

Samples: Financial Services Agreement (Seaspan CORP)

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Effects of Termination or Expiry of this Agreement. Upon termination or expiry of this Agreement, this Agreement will be void and there shall be no liability on the part of any Party (or their respective officers, directors or employees) except that the following shall survive such termination: (i) the obligation of the Company to pay to the Manager or his its Designated Affiliates any then accrued but outstanding Transaction Financing Fees under Article IV, (ii) the obligations of the Company with respect to the Transaction Financing Fee Shares pursuant to Article IV, IV and (iii) the obligations of the Manager under Section 4.01 (c) and (iv) the terms and conditions set forth in Article V (Liability of the Manager; Indemnification) and Section 7.03 (Confidentiality), Section 7.04 (Notices), Section 7.05 (Third Party Rights), Section 7.07 (Severability), Section 7.08 (Governing Law and Jurisdiction), Section 7.10 (Amendment), Section 7.12 (Waiver) and Section 7.14 (Resignation).

Appears in 1 contract

Samples: Financial Services Agreement (Seaspan CORP)

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