Common use of No Liability for Proper Termination Clause in Contracts

No Liability for Proper Termination. Any termination of this Agreement in accordance with this Article XII will be without further obligation or liability upon any Party in favor of the other Party hereto or to its stockholders, directors or officers; provided, however, that nothing herein will limit the obligation of any Party for any willful breach hereof or failure to use their reasonable best efforts to cause the Merger and the Transactions to be consummated. In the event of the termination of this Agreement pursuant to this Article XII, this Agreement shall thereafter become void and have no effect and each Party shall be responsible for its own expenses incurred in connection herewith.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Uni-Pixel), Agreement and Plan of Merger and Reorganization (Uni-Pixel)

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No Liability for Proper Termination. Any termination of this Agreement in accordance with this Article XII X will be without further obligation or liability upon any Party in favor of the other Party hereto or to its stockholders, directors or officers; provided, however, that nothing herein will limit the obligation of any Party for any willful breach hereof or failure to use their reasonable best efforts to cause the Merger and the Transactions to be consummated. In the event of the termination of this Agreement pursuant to this Article XIIX, this Agreement shall thereafter become void and have no effect and each Party shall be responsible for its own expenses incurred in connection herewith.. ARTICLE XI

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Polymedix Inc)

No Liability for Proper Termination. Any termination of this Agreement in accordance with this Article XII Section 3 will be without further obligation or liability upon any Party party in favor of the other Party party hereto or to its stockholders, directors or officers; provided, however, that nothing herein will limit the obligation of any Party the Group and FCRZ for any willful breach hereof or failure to use their reasonable best efforts to cause the Merger and the Transactions Agreement to be consummated. In the event of the termination of this Agreement pursuant to this Article XIISection 3, this Agreement shall thereafter become void and have no effect and each Party party shall be responsible for its own expenses incurred in connection herewith.

Appears in 1 contract

Samples: Stock Purchase Agreement (Future Carz Inc)

No Liability for Proper Termination. Any termination of this Agreement in accordance with this Article XII will be without further obligation or liability upon any Party party in favor of the other Party party hereto or to its stockholders, directors or officers; provided, however, that nothing herein will limit the obligation of any Party party for any willful breach hereof or failure to use their reasonable best efforts to cause the Merger and the Transactions transaction contemplated herein to be consummated. In the event of the termination of this Agreement pursuant to this Article XII, this Agreement shall thereafter become void and have no effect and each Party party shall be responsible for its own expenses incurred in connection herewith.

Appears in 1 contract

Samples: Agreement and Plan of Merger (American Financial Holding Inc /De)

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No Liability for Proper Termination. Any termination of this Agreement in accordance with this Article XII VIII will be without further obligation or liability upon any Party in favor of the other Party hereto or to its stockholders, directors or officers; provided, however, that nothing herein will limit the obligation of any Party for any willful breach hereof or failure to use their reasonable best efforts to cause the Merger and the Transactions to be consummated. In the event of the termination of this Agreement pursuant to this Article XIIVIII, this Agreement shall thereafter become void and have no effect and each Party shall be responsible for its own expenses incurred in connection herewith.

Appears in 1 contract

Samples: Securities Exchange Agreement (Anchor Funding Services, Inc.)

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