Liability Upon Termination. If the obligation to consummate the transactions contemplated by this Agreement is terminated pursuant to any provision of this Article VIII, then, other than the provisions of Section 8.4 which shall survive such termination, this Agreement shall forthwith become void and there shall not be any liability or obligation with respect to this Agreement on the part of Seller or Purchaser except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder.
Appears in 3 contracts
Samples: Purchase Agreement (Pride Petroleum Services Inc), Purchase Agreement (Pride Petroleum Services Inc), Purchase Agreement (Taylor Companies Inc)
Liability Upon Termination. If the obligation to consummate the transactions contemplated by this Agreement is terminated pursuant to any provision of this Article VIII, then, other than the provisions of Section 8.4 which shall survive such termination, then this Agreement shall forthwith become void and there shall not be any liability or obligation with respect to this Agreement on the part of Seller or Purchaser except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Key Energy Group Inc), Asset Purchase Agreement (Dawson Production Services Inc)
Liability Upon Termination. If the obligation to consummate close the transactions contemplated by this Agreement is terminated pursuant to any provision of this Article VIII, then, other than the provisions of Section 8.4 which shall survive such termination, 9.0 then this Agreement shall forthwith become void and there shall not be any liability or obligation with respect to this Agreement on the part of the Seller or Purchaser the Buyer except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunderagreements.
Appears in 1 contract
Samples: Asset Purchase Agreement (PRB Transportation, Inc.)
Liability Upon Termination. If the obligation to consummate close the transactions contemplated by this Agreement is terminated pursuant to any provision of this Article VIII, then, other than the provisions of Section 8.4 which shall survive such termination, 16 then this Agreement shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Seller or the Purchaser except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunderagreements.
Appears in 1 contract
Liability Upon Termination. If the obligation to consummate the transactions contemplated by this Agreement is terminated pursuant to any provision of this Article VIII7, then, other than the provisions of Section 8.4 which shall survive such termination, then this Agreement shall forthwith become void and there shall not be any liability or obligation with respect to this Agreement on the part of the Seller or Purchaser the Buyer except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Article 7.
Appears in 1 contract
Samples: Asset Purchase Agreement (Energy Ventures Inc /De/)