Common use of Manner and Effect of Termination Clause in Contracts

Manner and Effect of Termination. In the event of termination of this Agreement, written notice thereof shall be given to the other parties specifying the provision hereof pursuant to which such termination is made. Upon termination, this Agreement shall become null and void and of no further force or effect, and the parties hereto shall be released from all future obligations hereunder; provided, however, that this Section 6.2 and Article VI hereof shall remain in full force and effect and no party shall be relieved from liability as a result of its breach of this Agreement prior to such termination.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Seabulk International Inc), Securities Purchase Agreement (Seabulk International Inc)

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Manner and Effect of Termination. In the event of termination of this Agreement, written notice thereof shall be given to the other parties specifying the provision hereof pursuant to which such termination is made. Upon termination, this Agreement shall become null and void and of no further force or effect, and the parties hereto shall be released from all future obligations hereunder; provided, however, that this Section 6.2 7.02, Section 7.03 and Article VI hereof VIII shall remain in full force and effect and no party shall be relieved from liability with respect to a breach of this Agreement as a result of its breach the termination of this Agreement prior to such terminationAgreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Seabulk International Inc), Stock Purchase Agreement (Seabulk International Inc)

Manner and Effect of Termination. In Termination shall be effected by the event giving of termination of this Agreement, written notice thereof shall be given to that effect by the other parties specifying the provision hereof pursuant to which such termination Party seeking termination. If this Agreement is made. Upon terminationvalidly terminated, then this Agreement shall become null and void and of no further force or effect, and the parties hereto effect and no Party shall be released from all future obligations obligated to any other Party hereunder; provided, however, that this Section 6.2 and Article VI hereof shall remain in full force and effect and no party shall be relieved from liability as a result of its breach of this Agreement prior to such termination.that:

Appears in 2 contracts

Samples: Agreement for the Purchase and Sale (Rubicon Minerals Corp), Agreement for the Purchase and Sale (Evanachan LTD)

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Manner and Effect of Termination. In the event of Any termination of this Agreement, Agreement shall be effected by written notice thereof shall be given to the other parties specifying the provision hereof pursuant to which such non-terminating Party. Any termination is made. Upon termination, of this Agreement shall become null and void and not terminate the liability of no further force any Party for any breach or effect, and default of any covenant or other agreement set forth herein which exists at the parties hereto shall be released from all future obligations hereunder; provided, however, that this Section 6.2 and Article VI hereof shall remain in full force and effect and no party shall be relieved from liability as a result time of its breach of this Agreement prior to such termination.

Appears in 1 contract

Samples: Oca International, LLC Capitalization Agreement (Oca, Inc. / De /)

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