Termination Without Liability Clause Samples
The 'Termination Without Liability' clause allows one or both parties to end the contract without incurring penalties or further obligations. Typically, this clause outlines the conditions or notice period required for such termination, such as providing written notice a certain number of days in advance. Its core function is to provide flexibility and reduce risk by enabling parties to exit the agreement without financial or legal consequences if circumstances change.
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Termination Without Liability. Any termination of this Agreement pursuant to this Section 7 shall be without liability of any character (including, but not limited to, loss of anticipated profits or consequential damages) on the part of any party thereto, except that the Company shall remain obligated to pay the costs and expenses provided to be paid by it specified in Sections 1.3 and 5.2, and the Company and Agent shall be obligated to pay, respectively, all losses, claims, damages, or liabilities, joint or several, under Section 6.1 in the case of the Company and Section 6.2 in the case of Agent.
Termination Without Liability. Seller may terminate this Agreement by giving written notice to Buyer without conferring liability, in the event that the conditions specified in Section 8 of this Agreement are not satisfied or waived at the Closing.
Termination Without Liability. On the Closing Date, either party may terminate this Agreement, without liability to the other, if any conditions precedent to such party's performance shall not have been satisfied on the Closing Date.
Termination Without Liability. The Parties may terminate this Agreement and the transactions contemplated herein without any liability to each other whatsoever in the following instances:
Termination Without Liability. This Agreement may be terminated ------------------------------ and the transactions contemplated hereby may be abandoned by mutual consent of the parties authorized by a vote of a majority of the Board of Directors (or by the vote of the Executive Committee of such Board, if so empowered) of each of SELLER and BUYER, or by BUYER or SELLER as provided in SECTION 7.4 hereof, or by ----------- BUYER as provided in SECTION 2.1(B) or SECTION 2.1(C) ----------- -------------- hereof.
Termination Without Liability. Customer may discontinue this Agreement without liability, except for charges incurred prior to termination, provided Customer executes a new HyperStream/SM/ Frame Relay agreement with a greater or equal term and a greater or equal monthly volume commitment.
Termination Without Liability. On the Closing Date, either party may terminate this Agreement, without liability to the other, if any conditions precedent to such Sanford, NC Purchase Agreement Execution Version party's performance shall not have been satisfied on the Closing Date.
Termination Without Liability. Customer may terminate a 5N-TVDP without termination liability or shortfall liability should the monthly rates increase during the term of the existing 5N-TVDP, exclusive of any increase due to local, state or federal fees, taxes or surcharges. Subsequent to a rate increase, Customer must either elect to terminate the plan without liability or continue the 5N-TVDP at the new rate. Customer's continuation in the 5N-TVDP 30 days or more following a rate increase shall constitute Customer's election to continue the plan at the new rate.
Termination Without Liability. Any termination of this Lease that is caused by the termination of the BPA that is specified to occur without liability shall also be without liability under this Lease.
Termination Without Liability. The Producer may terminate the Agreement at the end of the calendar year by giving notice 6 months in advance. Either party may unilaterally terminate the Agreement by giving notice if the producer responsibility becomes null and void or a competent authority overturns the decision of the Pirkanmaa Regional Environment Centre to approve Recser Oy as a producer corporation.