Common use of Termination of Obligations and Waiver of Conditions; Payment of Expenses Clause in Contracts

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition are terminated and abandoned pursuant to this Article 10 hereof, this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders or controlling persons to each other. Each party hereto will pay all costs and expenses incident to its negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel.

Appears in 35 contracts

Samples: Agreement and Plan of Reorganization (Western Glory Hole Inc), Agreement and Plan of Reorganization (Western Glory Hole Inc), Agreement and Plan of Reorganization (Kevcorp Services, Inc.)

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Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition are terminated and abandoned pursuant to this Article 10 hereof, this Agreement shall become void and of no force and effect effect, and there shall be no liability on the part of any of the parties Parties hereto, or their respective directors, officers, shareholders or controlling persons to each other. Each party Party hereto will pay all costs and expenses incident to its or his negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel.

Appears in 5 contracts

Samples: Share Exchange Agreement (Fdctech, Inc.), Share Exchange Agreement (Gulf & Orient Steamship Company, Ltd.), Share Exchange Agreement (Geo Point Resources, Inc.)

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition are terminated and abandoned pursuant to this Article 10 11 hereof, this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders or controlling persons to each other. Each party hereto will pay all costs and expenses incident to its negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Soldnet Inc), Agreement and Plan of Reorganization (Speed of Thought Trading Corp), Agreement and Plan of Reorganization (Rescon Technology Corp)

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition are terminated and abandoned pursuant to this Article 10 12 hereof, this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders or controlling persons to each other. Each party hereto will pay all Any the costs and expenses incident to its negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel, shall be borne by the party incurring such costs and expenses.

Appears in 2 contracts

Samples: Share Exchange Agreement (Ecoark Holdings, Inc.), Share Exchange Agreement (Fortium Holdings Corp.)

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition Share Exchange are terminated and abandoned pursuant to this Article 10 hereof, hereof this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders or controlling persons to each other. Each party hereto will pay all costs and expenses incident to its negotiation and preparation of this Agreement agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel.

Appears in 1 contract

Samples: Agreement and Plan of Share Exchange (Balanced Living Inc)

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition are terminated and abandoned pursuant to this Article 10 hereof, this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, . or their respective directors, officers, shareholders or controlling persons to each other. Each party hereto will pay all costs and expenses incident to its negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Intra Asia Entertainment Corp)

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition Share Exchange are terminated and abandoned pursuant to this Article 10 hereof, hereof this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders or of controlling persons to each other. Each party hereto will pay all costs and expenses incident to its negotiation and preparation of this Agreement agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel.

Appears in 1 contract

Samples: Agreement and Plan of Share Exchange (Sportsmans Wholesale Co)

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition are terminated and abandoned pursuant to this Article 10 hereof, this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders or controlling persons to each other. Each party hereto Energy Resource Management will pay all costs and expenses incident to its the negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Gene Cell Inc)

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition are terminated and abandoned pursuant to this Article 10 hereof, this Agreement shall become void and of no force and effect and there shall be no liability on to the part of any of the parties hereto, or their respective directors, officers, shareholders or controlling persons to each other. .. Each party hereto will pay all costs and expenses incident to its negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees-fees, expenses and disbursements of counsel.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (World Wide Energy Incorp)

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Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition are terminated and abandoned pursuant to this Article 10 hereof, this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders or controlling persons to each otherother other than as set forth in paragraph 1.01.11. Each party hereto will pay all costs and expenses incident to its negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Techlite Inc)

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition Merger are terminated and abandoned pursuant to this Article 10 hereof, this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders or controlling persons to each other. Each party hereto will pay all costs and expenses incident to its negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel.. ARTICLE XI ISSUANCE OF SHARES; FRACTIONAL SHARES

Appears in 1 contract

Samples: Indemnity Agreement (Hardwood Doors & Milling Specialities Inc)

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition reorganization are terminated and abandoned pursuant to this Article 10 hereof11, this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders Shareholders or controlling persons to each other. Each party hereto will pay all costs and expenses incident to its negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Media Entertainment Inc)

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition reorganization are terminated and abandoned pursuant to this Article 10 hereof11, this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders or controlling persons to each other. Each party hereto will pay all costs and expenses incident to its negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Media Entertainment Inc)

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition are terminated and abandoned pursuant to this Article 10 hereof, this Agreement shall become null and void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders or controlling persons to each other. Each party hereto will pay all costs and expenses incident to its negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Sunderland Corp)

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