Common use of Procedure for Termination Clause in Contracts

Procedure for Termination. A party terminating this Agreement pursuant to Section 10.1 shall give written notice thereof to each other party hereto, whereupon this Agreement shall terminate and the transactions contemplated herein shall be abandoned without further action by any party; provided, however, that if such termination is by Buyer or Sellers pursuant to Section 10.1(c) or (d), nothing herein shall affect the non-breaching party's right to damages on account of such other party's breach.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Headwaters Inc), Securities Purchase Agreement (Headwaters Inc)

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Procedure for Termination. A party terminating To terminate this Agreement as provided in Section 10.1(b) through Section 10.1(e), the terminating Party shall provide the other Parties with written notice of its election to terminate this Agreement, and upon delivery of such written notice in accordance with Section 11.6, or upon termination by mutual written agreement pursuant to Section 10.1 shall give written notice thereof to each other party hereto10.1, whereupon this Agreement shall terminate and the transactions contemplated herein shall be abandoned without further action by any party; provided, however, that if such termination is by Buyer or Sellers pursuant to Section 10.1(c) or (d), nothing herein shall affect the non-breaching party's right to damages on account of such other party's breach.as applicable:

Appears in 2 contracts

Samples: Asset Purchase Agreement (Sunoco LP), Asset Purchase Agreement (Sunoco LP)

Procedure for Termination. A party terminating The termination of this Agreement pursuant to Section 10.1 shall give written notice thereof to each other by any party hereto, whereupon this Agreement shall terminate and the transactions contemplated herein hereto shall be abandoned without further action by any party; providedeffective only upon the giving of notice of such termination, however, that if stating the grounds for such termination is and signed by Buyer or Sellers pursuant the terminating party, to Section 10.1(c) or (d), nothing herein shall affect the non-breaching party's right to damages on account of such other party's breach.

Appears in 1 contract

Samples: Stock Repurchase Agreement (Glenborough Realty Trust Inc)

Procedure for Termination. A party terminating The termination of this Agreement pursuant to Section 10.1 9.1(b) β€” 9.1(g) shall give be effectuated by the delivery of a written notice thereof to each other Notice of such termination from the party hereto, whereupon terminating this Agreement shall terminate and to the transactions contemplated herein shall be abandoned without further action by any party; provided, however, that if such termination is by Buyer or Sellers pursuant to Section 10.1(c) or (d), nothing herein shall affect the non-breaching party's right to damages on account of such other party's breach.

Appears in 1 contract

Samples: Contribution Agreement (Lone Star Technologies Inc)

Procedure for Termination. A Any party terminating desiring to terminate this Agreement pursuant to Section 10.1 9.01 shall give written notice thereof to each other party hereto, whereupon this Agreement shall terminate and the transactions contemplated herein shall be abandoned without further action by any party; provided, however, that if of such termination is by Buyer or Sellers pursuant to Section 10.1(c) or (d), nothing herein shall affect the non-breaching party's right other parties to damages on account of such other party's breachthis Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Rollins Inc)

Procedure for Termination. A party terminating this Agreement pursuant to Section 10.1 11.1 shall give written notice thereof to each the other party hereto, whereupon this Agreement shall terminate and the transactions contemplated herein hereby shall be abandoned without further action by any party; provided, however, that if such termination is by Buyer or Sellers pursuant to Section 10.1(c) or (d), nothing herein shall affect the non-breaching party's right to damages on account of such other party's breach.

Appears in 1 contract

Samples: Asset Purchase Agreement (Integra Lifesciences Holdings Corp)

Procedure for Termination. A The party terminating desiring to terminate this Agreement pursuant to Section 10.1 upon the occurrence of an event of termination described in Sub-paragraph 10 (b) above and the expiration of the applicable remedial period without the elimination or correction of the event of termination shall give do so by giving written notice thereof to each other party heretothe other, whereupon this which notice shall specifically identify the reason for such termination. This Agreement shall terminate effective immediately upon the giving of such notice, or such later time as the notice of termination may specify, subject to the terms and conditions and the transactions contemplated herein shall be abandoned without further action by any party; provided, however, that if such termination is by Buyer or Sellers pursuant to Section 10.1(c) or (d), nothing herein shall affect obligations of the non-breaching party's right to damages on account of such other party's breachparties hereunder.

Appears in 1 contract

Samples: Distributor Agreement (Quietpower Systems Inc)

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Procedure for Termination. A party terminating To terminate this Agreement pursuant to as provided in Section 10.1 10.1, the terminating Party shall give provide the other Party with written notice thereof of its election to each other party heretoterminate this Agreement, whereupon this Agreement shall terminate and upon delivery of such written notice in accordance with Section 11.7 the transactions contemplated herein hereby shall be abandoned terminated, without further action by any party; provided, however, that if such termination is by Buyer or Sellers pursuant to Section 10.1(c) or (d), nothing herein shall affect the non-breaching party's right to damages on account of such other party's breacheither Party.

Appears in 1 contract

Samples: Equity Transfer Agreement (LTX-Credence Corp)

Procedure for Termination. A party terminating The termination of this Agreement pursuant to Section 10.1 9.1(b) - 9.1(h) shall give be effectuated by the delivery of a written notice thereof to each other Notice of such termination from the party hereto, whereupon terminating this Agreement shall terminate and to the transactions contemplated herein shall be abandoned without further action by any party; provided, however, that if such termination is by Buyer or Sellers pursuant to Section 10.1(c) or (d), nothing herein shall affect the non-breaching party's right to damages on account of such other party's breach.

Appears in 1 contract

Samples: Contribution Agreement (Lone Star Technologies Inc)

Procedure for Termination. A party To terminate this Agreement as provided in Section 10.1 (other than as provided in subclause (i)), the terminating Part(y)(ies) shall provide the other Part(y)(ies) with written notice of its election to terminate this Agreement, which such notice shall set forth a description of the basis upon which such Part(y)(ies) are terminating this Agreement pursuant to Section 10.1 shall give Agreement, and upon delivery of such written notice thereof to each other party heretoin accordance with Section 11.6, whereupon this Agreement shall terminate and the transactions contemplated herein hereby shall be abandoned abandoned, without further action by any party; provided, however, that if such termination is by Buyer or Sellers pursuant to Section 10.1(c) or (d), nothing herein shall affect the non-breaching party's right to damages on account of such other party's breachParty.

Appears in 1 contract

Samples: Asset Purchase Agreement (CST Brands, Inc.)

Procedure for Termination. A party terminating In the event of the termination of this Agreement pursuant to Section 10.1 shall give 9.01, written notice thereof shall be given by the terminating party to each the other party heretoparty, whereupon and this Agreement shall terminate and the transactions contemplated herein Transactions shall be abandoned without further action by any party; provided, however, that if such termination is by Buyer or Sellers pursuant to Section 10.1(c) or (d), nothing herein shall affect either of the non-breaching party's right to damages on account of such other party's breachparties.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Kbr, Inc.)

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