Termination of Asset Purchase Agreement. Notwithstanding any other provision of this Agreement, or the execution of this Agreement by the Parties, if the Asset Purchase Agreement is terminated pursuant to its terms prior to the Closing having occurred, this Agreement shall automatically and immediately become void, null and of no effect without further action on the part of either Party.
Termination of Asset Purchase Agreement. In the event the Asset Purchase Agreement is terminated in accordance with the terms thereof, this Agreement shall be deemed terminated as of the date of termination of the Asset Purchase Agreement. Each Party shall be relieved of any and all liability to the other Party pursuant to this Agreement upon such termination; provided, however, that any obligation of either Party under Section 13.6.5 shall survive such termination of this Agreement.
Termination of Asset Purchase Agreement. The Asset Purchase Agreement between Accountabilities, Inc. (“AI”) and Hyperion Energy, Inc. (“Hyperion”) dated as of July 26, 2007 (the “Asset Purchase Agreement”) is hereby terminated.
Termination of Asset Purchase Agreement. The Asset Purchase Agreement entered into between HTP, CCI and Third Enterprise shall be terminated and all rights and obligations resulting from the Asset Purchase Agreement shall be null and void. CCI shall obtain the consent to terminate the Asset Purchase Agreement from Third Enterprise prior to the Closing and shall provide such consent to HTP.
Termination of Asset Purchase Agreement. The Asset Purchase Agreement is hereby terminated and shall be of no further effect.
Termination of Asset Purchase Agreement. Each of LAN and the Company hereby agrees that as of the Effective Date the Asset Purchase Agreement is hereby terminated, void and is of no further force and effect.
Termination of Asset Purchase Agreement. The Parties hereto mutually agree to cancel the Asset Purchase Agreement dated for reference the 4th day of August , 2003 entered into between the Parties, wherein Cxxxx agreed to sell and Bentley and/or its nominee agreed to purchase the Assets (as defined in the Asset Purchase Agreement), such cancellation to take effect effective November 6, 2003.
Termination of Asset Purchase Agreement. The Company, the Shareholder, PCN and its wholly-owned subsidiary, VERSYSS Incorporated ("Versyss"), agree that, effective at the Closing, all remaining rights and obligations of Versyss and the Company under and pursuant to that certain Asset Purchase Agreement (the "Asset Agreement"), dated December 2, 1993, by and between Versyss and the Company are terminated and the Asset Agreement shall be of no further force or effect.
Termination of Asset Purchase Agreement. Effective immediately, the Parties hereby abandon the transactions contemplated by the Asset Purchase Agreement and mutually terminate the Asset Purchase Agreement pursuant to Section 7.1 thereof. Except for Sections 5.15, 5.16.1, 5.16.2, and 5.16.4 of the Asset Purchase Agreement, none of the provisions of the Asset Purchase Agreement shall survive termination of the Asset Purchase Agreement hereunder.
Termination of Asset Purchase Agreement. The Asset Purchase Agreement is hereby terminated by mutual agreement of the Parties pursuant to Section 10.1(a)
