Common use of Procedures Upon Termination Clause in Contracts

Procedures Upon Termination. In the event of the termination of this Agreement, written notice thereof shall be promptly given to the other party hereto and this Agreement shall terminate, all further obligations of the parties hereunder to satisfy the conditions precedent to the Closing shall terminate, and the transactions contemplated hereby shall be abandoned without further action by any of the parties hereto. The provisions of Article 12, 13, and 14 shall survive any termination.

Appears in 1 contract

Samples: Stock Purchase Agreement (Lluffhansa Technik Ag)

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Procedures Upon Termination. In the event of termination pursuant to the termination terms of this Agreement, and except as otherwise stated herein, written notice thereof shall be promptly given to the other party hereto party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate, all further obligations of the parties hereunder to satisfy the conditions precedent to the Closing shall terminate, and the transactions contemplated hereby shall be abandoned without further action by any of the parties hereto. The provisions of Article 12, 13, and 14 shall survive any termination.If this Agreement is terminated as provided herein;

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bostonfed Bancorp Inc)

Procedures Upon Termination. In the event of termination pursuant to the termination terms of this Agreement, and except as otherwise stated herein, written notice thereof shall be promptly given to the other party hereto party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate, all further obligations of the parties hereunder to satisfy the conditions precedent to the Closing shall terminate, and the transactions contemplated hereby shall be abandoned without further action by any of the parties hereto. The provisions of Article 12, 13, and 14 shall survive any termination.If this Agreement is terminated as provided herein,

Appears in 1 contract

Samples: Branch Purchase Agreement (Bok Financial Corp Et Al)

Procedures Upon Termination. In the event of termination pursuant to the termination terms of this Agreement, and except as otherwise stated herein, written notice thereof shall be promptly given to the other party hereto party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate, all further obligations of the parties hereunder to satisfy the conditions precedent to the Closing shall terminate, and the transactions contemplated hereby shall be abandoned without further action by any of the parties hereto. The provisions of Article 12, 13, and 14 shall survive any termination.If this Agreement is terminated as provided herein:

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Surety Capital Corp /De/)

Procedures Upon Termination. In the event of the termination of this Agreementpursuant to Section 9.01 hereof, written notice thereof shall be promptly given to the other party hereto Party, and this Agreement shall terminate immediately upon receipt of such notice, unless an extension is consented to by the Party or Parties having the right to terminate, all further obligations of the parties hereunder to satisfy the conditions precedent to the Closing shall terminate, and the transactions contemplated hereby shall be abandoned without further action by any of the parties hereto. The provisions of Article 12, 13, and 14 shall survive any termination.If this Agreement is terminated as provided herein:

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (First Ipswich Bancorp /Ma)

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Procedures Upon Termination. In the event of termination by either Parent or by the termination of this AgreementCompany pursuant to Section 7.1, written notice thereof of such termination shall forthwith be promptly given to the other party hereto Parties, and this Agreement shall terminate, all further obligations of the parties hereunder to satisfy the conditions precedent to the Closing shall terminate, and the transactions contemplated hereby shall be abandoned thereupon terminate without further action by any of the parties hereto. The provisions of Article 12, 13, and 14 shall survive any terminationParty.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Kingsoft Cloud Holdings LTD)

Procedures Upon Termination. In the event of termination pursuant to the termination terms of this Agreement, written notice thereof shall be promptly given to the other party hereto party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate, all further obligations of the parties hereunder to satisfy the conditions precedent to the Closing shall terminate, and the transactions contemplated hereby shall be abandoned without further action by any of the parties hereto. The provisions of Article 12, 13, and 14 shall survive any termination.In addition:

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Brooke Corp)

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