Common use of Liability Upon Termination Clause in Contracts

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 10.1, then this Agreement shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Seller, the Shareholders, the Buyer or Weatherford except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder and except that the termination of this Agreement shall not relieve any party of its obligations under Section 5.1(b), Article 8 (but only to the extent it applies to breaches of the warranties made in Section 2.13 and Section 3.3), Section 12.2 and Section 12.7.

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 10.1, then this Agreement shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Seller, the Shareholders, the Buyer or Weatherford except Weatxxxxxxx xxxept and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder and except that the termination of this Agreement shall not relieve any party of its obligations under Section 5.1(b), Article 8 (but only to the extent it applies to breaches of the warranties made in Section 2.13 Sections 2.12 and 3.3) and Section 3.3), Section 12.2 and Section 12.712.8.

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 10.19.1, then this Agreement shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Seller, the Shareholders, the Buyer or Weatherford except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder and except that the hereunder. The termination of this Agreement shall not relieve any party of its obligations under Section 5.1(b4.1(b), this Section 9.2 and any applicable Article 8 (but only to the extent it applies to breaches 7 indemnity obligation resulting from a willful breach of the warranties made in Section 2.13 and 4.1(b) and/or Section 3.3), Section 12.2 and Section 12.79.2.

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 10.19.1, then this Agreement shall forthwith become be void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of any of the Seller, the Shareholders, the Buyer or Weatherford parties hereto except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder and except that the termination of this Agreement shall not relieve any party of its obligations under Section 5.1(b), Article 8 (but only to the extent it applies to breaches of the warranties made in Section 2.13 Sections 2.15 and Section 3.3), Section 12.2 3.5) and Section 12.7Sections 11.12 and 11.3.

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 10.110.1 or Section 5.1(b), then this Agreement shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Seller, the ShareholdersShareholder, the Buyer or Weatherford except Weatxxxxxxx xxxept and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder and except that the termination of this Agreement shall not relieve any party of its obligations under Section 5.1(b5.1(c), Article 8 (but only to the extent it applies to breaches of the warranties made in Section 2.13 and Section 3.3), Section 12.2 2.9) and Section 12.7.

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 10.111.1 hereof, then this Agreement shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Seller, the Shareholders, the Buyer Williams U.S., Weatherford or Weatherford Sub except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder and except that the hereunder. The termination of this Agreement shall not relieve any party of its obligations under Section 5.1(b), 6.1(b) and Article 8 (but only to the extent it applies to breaches of the warranties made in 9 hereof and this Section 2.13 and Section 3.3), Section 12.2 and Section 12.711.2.