Common use of Procedure and Effect of Termination Clause in Contracts

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company or Parent pursuant to this Article 7, written notice thereof will be given to all other parties and this Agreement will terminate and the transactions contemplated hereby will be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided herein:

Appears in 10 contracts

Samples: Agreement and Plan of Merger (Aftermarket Enterprises, Inc.), Agreement and Plan of Merger (Cardiff International Inc), Agreement and Plan of Merger (Source Energy Corp /Ut/)

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Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company Buyer or Parent Seller pursuant to this Article 7, written notice thereof will be given to all the other parties Party and this Agreement will terminate and the transactions contemplated hereby will be abandoned, without further action by any of the parties Parties hereto. If this Agreement is terminated as provided herein:

Appears in 6 contracts

Samples: Installment Purchase Agreement (Syntony Group Inc), Stock Purchase Agreement (Price David), Stock Purchase Agreement (Syntony Group Inc)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company or Parent pursuant to this Article 7, written notice thereof will be given to all other parties and this Agreement will terminate (except to the extent provided in Section 8.1 hereof) and the transactions contemplated hereby will be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided herein:

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Entreport Corp), Agreement and Plan of Merger (PivX Solutions, Inc.), Agreement and Plan of Merger (Entreport Corp)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company Seller or Parent Buyer pursuant to this Article 7, written notice thereof will must be given to all the other parties party and this Agreement will terminate (other than Sections 4.7, 10.2 and 10.9) and the transactions contemplated hereby will be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided herein:

Appears in 2 contracts

Samples: Asset Purchase Agreement (Optimumcare Corp /De/), Asset Purchase Agreement (Optimumcare Corp /De/)

Procedure and Effect of Termination. In the event of the termination of this Agreement and the abandonment of the transactions contemplated hereby by the Company or Parent this Agreement pursuant to Section 7.1 of this Article 7Agreement, written notice thereof will shall be given by Sellers, on the one hand, or Buyer, on the other hand, so terminating to all the other parties party and this Agreement will shall terminate and the transactions contemplated hereby will by this Agreement shall be abandoned, without further action by any of the parties heretoSellers, or Buyer. If this Agreement is terminated as provided hereinpursuant to Section 7.1 of this Agreement:

Appears in 2 contracts

Samples: Stock Purchase Agreement (Sprint Corp), Stock Purchase Agreement (R H Donnelley Corp)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company Sellers or Parent Buyer pursuant to this Article 7, written notice thereof will must be given to all other parties and this Agreement will terminate (other than Sections 4.2, 4.4, 4.8, 8.2, 8.3, 9.1, 9.2, 9.3 and 9.13) and the transactions contemplated hereby will be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided herein:

Appears in 2 contracts

Samples: Stock Purchase Agreement (Clarion Technologies Inc/De/), Stock Purchase Agreement (Clarion Technologies Inc/De/)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company Seller or Parent Purchaser pursuant to this Article 7, written notice thereof will be given to all the other parties party and this Agreement will terminate (other than Sections 4.4, 4.7 and this Section 7.5 and the transactions contemplated hereby will be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided herein:

Appears in 2 contracts

Samples: Asset Purchase Agreement (National Patent Development Corp), 10 Asset Purchase Agreement (Five Star Products Inc)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company or Parent pursuant to this Article 78, written notice thereof will be given to all other parties Parties and this Agreement will terminate and the transactions contemplated hereby will be abandoned, without further action by any of the parties Parties hereto. If this Agreement is terminated as provided herein:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Dala Petroleum Corp.), Agreement and Plan of Merger (Dala Petroleum Corp.)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by any or all of the Company or Parent parties pursuant to this Article 7Section 11.01 above, written notice thereof will shall forthwith be given to all the other parties to this Agreement and this Agreement will shall terminate and the transactions contemplated hereby will shall be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided hereinin this Agreement:

Appears in 2 contracts

Samples: Orlando Asset Purchase Agreement (Teletrac Inc /De), Miami Asset Purchase Agreement (Teletrac Inc /De)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company or Parent Discovery pursuant to this Article 78, written notice thereof will be given to all other parties and this Agreement will terminate and the transactions contemplated hereby will be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided herein:

Appears in 2 contracts

Samples: Securities Purchase Agreement and Plan of Reorganization (Pu Chong Liang), Securities Purchase Agreement (Discovery Investments Inc)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company or Parent pursuant to this Article 7Section 7.1 hereof, written notice thereof will shall forthwith be given to all the other parties hereto and this Agreement will (other than Sections 6.5 and 6.8(g) hereof and this Section 7.2, which shall survive termination) shall terminate and the transactions contemplated hereby will shall be abandoned, abandoned without further action by any of the parties hereto. If this Agreement is terminated as provided herein:

Appears in 1 contract

Samples: Agreement and Plan of Merger (National Techteam Inc /De/)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company Seller or Parent Buyer pursuant to this Article 7, written notice thereof will must be given to all other parties and this Agreement will terminate (other than Sections 4.2, 4.4, 4.8, 8.2, 8.3, 9.1, 9.2, 9.3 and 9.13) and the transactions contemplated hereby will be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided herein:

Appears in 1 contract

Samples: Stock Purchase Agreement (Clarion Technologies Inc/De/)

Procedure and Effect of Termination. In the event of the termination of this Agreement and the abandonment of the transactions contemplated hereby by the Company or Parent pursuant to this Article 7Section 7.1 hereof, written notice thereof will shall be given by Seller or Buyer, as the case may be, to all the other parties party, and this Agreement will shall terminate and the transactions contemplated hereby will shall be abandoned, without further any other action by any of the parties heretoSeller or Buyer. If this Agreement is terminated as provided hereinpursuant to Section 7.1 hereof:

Appears in 1 contract

Samples: Stock Purchase Agreement (America Service Group Inc /De)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by any or all of the Company or Parent parties pursuant to this Article 7Section 12.1 hereof, written notice thereof will shall forthwith be given to all the other party or parties hereto and this Agreement will shall terminate and the transactions contemplated hereby will shall be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided herein:

Appears in 1 contract

Samples: Stock Purchase Agreement (RPM Inc/Oh/)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company or Parent LYPP pursuant to this Article 76, written notice thereof will be given to all other parties and this Agreement will terminate and the transactions contemplated hereby will be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided herein:

Appears in 1 contract

Samples: Securities Purchase Agreement (Literary Playpen Inc)

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Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company or Parent pursuant to this Article 76, written notice thereof will be given to all other parties Parties and this Agreement will terminate and the transactions contemplated hereby will be abandoned, without further action by any of the parties Parties hereto. If this Agreement is terminated as provided herein:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digitiliti Inc)

Procedure and Effect of Termination. In the event of the termination and abandonment of this Agreement and abandonment of the transactions contemplated hereby by the Company or Parent the Seller pursuant to this Article 7Section 8.1 hereof, written notice thereof will shall forthwith be given to all the other parties and this Agreement will terminate and party. If the transactions contemplated hereby will be abandoned, without further action by any of the parties hereto. If this Agreement is are terminated as provided herein:

Appears in 1 contract

Samples: Share Purchase Agreement (Khanty Mansiysk Oil Corp)

Procedure and Effect of Termination. In the event of the termination and abandonment of this Agreement and abandonment of the transactions contemplated hereby by the Company Sellers' Representative or Parent Purchaser pursuant to this Article 7Section 8.1 hereof, written notice thereof will shall forthwith be given to all the other parties and this Agreement will terminate and parties. If the transactions contemplated hereby will be abandoned, without further action by any of the parties hereto. If this Agreement is are terminated as provided herein:

Appears in 1 contract

Samples: Recapitalization and Stock Purchase Agreement (Color Spot Nurseries Inc)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company or Parent Drilling pursuant to this Article 78, written notice thereof will be given to all other parties and this Agreement will terminate and the transactions contemplated hereby will be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided herein:

Appears in 1 contract

Samples: Securities Purchase Agreement (Drilling Inc)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company or Parent pursuant to this Article 7SECTION 7.01, written notice thereof will shall forthwith be given to all the other parties to this Agreement and this Agreement will shall terminate and shall be of no further force or effect (subject to the provisions of this SECTION 7.01 (if applicable)) and the transactions contemplated hereby will shall be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided herein, then:

Appears in 1 contract

Samples: Asset Purchase Agreement (Steinberg Marty)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company or Parent pursuant to this Article 7VII, written notice thereof will be given to all other parties and this Agreement will terminate and the transactions contemplated hereby will be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided herein:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Trimedia Entertainment Group Inc)

Procedure and Effect of Termination. In the ----------------------------------- event of the termination of this Agreement and the abandonment of the transactions contemplated hereby by the Company or Parent Transactions pursuant to this Article 7Section 8.1, written notice thereof will shall forthwith ----------- be given to all the other parties and this Agreement will terminate and by the transactions contemplated hereby will be abandoned, without further action by any of the parties heretoterminating party. If this Agreement is terminated and the Transactions are abandoned as provided herein:

Appears in 1 contract

Samples: Transaction Agreement (Solutia Inc)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company Seller and the Owners or Parent the Purchaser pursuant to this Article 7, written notice thereof will be given to all other parties and this Agreement will terminate (other than Sections 4.2, 4.4, 4.8, 9.1, 9.8 and this Section 7.5) and the transactions contemplated hereby will be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided herein:

Appears in 1 contract

Samples: Asset Purchase Agreement (Merrill Corp)

Procedure and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the Company or Parent Target pursuant to this Article 79, written notice thereof will be given to all other parties and this Agreement will terminate and the transactions contemplated hereby will be abandoned, without further action by any of the parties hereto. If this Agreement is terminated as provided herein:

Appears in 1 contract

Samples: Securities Exchange Agreement (Rx Staffing, Inc.)

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