Common use of Partial Damages Clause in Contracts

Partial Damages. If the Company’s obligations to pay any partial damages or other amounts owing under the Transaction Documents is a continuing obligation of the Company, then such obligation shall not terminate until all unpaid partial damages and other amounts have been paid notwithstanding the fact that the instrument or security pursuant to which such partial damages or other amounts are due and payable shall have been canceled.

Appears in 4 contracts

Samples: Security Agreement (NYXIO TECHNOLOGIES Corp), Securities Purchase Agreement (Bionovo Inc), Securities Purchase Agreement (Marina Biotech, Inc.)

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Partial Damages. If the The Company’s obligations to pay any partial damages or other amounts owing under the Transaction Documents is a continuing obligation of the Company, then such obligation Company and shall not terminate until all unpaid partial damages and other amounts have been paid notwithstanding the fact that the instrument or security pursuant to which such partial damages or other amounts are due and payable shall have been canceled.

Appears in 3 contracts

Samples: Subscription Agreement (ARCA Biopharma, Inc.), Securities Purchase Agreement (Pet Airways Inc.), Securities Purchase Agreement (Triangle Petroleum Corp)

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