Obligations Surviving Termination definition
Examples of Obligations Surviving Termination in a sentence
If Buyer disapproves Buyer's due diligence, in writing, on or before expiration of the Due Diligence Period, this Agreement shall terminate and Escrow Holder shall deliver to Buyer the Deposit and thereafter, neither Seller nor Buyer shall have any further obligation or liability under this Agreement, except for the Obligations Surviving Termination (as hereinafter defined).
Obligations Surviving Termination of this Agreement All obligations to preserve the Company's Confidential Information, Intellectual Property and other warranties and representations set forth herein shall survive the termination of this Agreement.
If Buyer so terminates this Agreement, then Escrow Agent will return the Deposit to Buyer and neither Party will have any further rights or obligations under this Agreement except for Obligations Surviving Termination.
In the event of termination pursuant to this Section 9.4, Title Company shall return the Deposit to Buyer, less one-half of the Title Company's cancellation fees, and thereafter, neither Seller nor Buyer shall have any further obligation or liability under this Agreement except for Obligations Surviving Termination.
In the event of termination pursuant to this Section 9.4, Escrow Holder shall, within two (2) business days after such written notice of termination, return the Deposit to Buyer, less one-half of the Escrow Holder's cancellation fees, and thereafter, neither Seller nor Buyer shall have any further obligation or liability under this Agreement except for Obligations Surviving Termination.
If Buyer so terminates this Agreement, then the Deposit will be returned to Buyer and neither Party will have any further rights or obligations under this Agreement except for Obligations Surviving Termination.
If Buyer timely gives a Termination Notice, the Deposit will be promptly returned to Buyer and this Agreement and the rights and obligations of the Parties under this Agreement will terminate, except for Obligations Surviving Termination.
Upon ▇▇▇▇▇▇’s receipt of the Deposit, neither of the Parties will thereafter have any further rights, liabilities or obligations under this Agreement except for Obligations Surviving Termination.
If Buyer fails to deliver either a Termination Notice or an Acceptance Notice prior to the expiration of the Diligence Period, then (i) Buyer will be deemed to have rejected the Property, (ii) the entire Deposit will be refunded to Buyer (other than as expressly set forth in this Agreement), and (iii) this Agreement will terminate, except for Obligations Surviving Termination.
Notwithstanding the foregoing, in the event any Loan Release and Modification has not been obtained for a particular Hotel Portfolio by the Consent Approval Outside Date, either Party may terminate this Agreement, whereupon this Agreement, and the obligations of the Parties hereunder shall terminate without further action of any Party (and no Party shall have any further obligation in connection herewith except for Obligations Surviving Termination).