Common use of Obligations Upon Termination Clause in Contracts

Obligations Upon Termination. In the event that this Agreement shall be terminated pursuant to Section 7.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement shall become null and avoid and of no further force and effect, except (a) for the provisions of Section 5.4(b), Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (ii) that nothing herein will relieve any party from liability for any breach of this Agreement.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Fidelity National Financial, Inc.), Stock Purchase Agreement (Landamerica Financial Group Inc), Stock Purchase Agreement (Fidelity National Financial, Inc.)

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Obligations Upon Termination. In the event that this Agreement shall be terminated pursuant to Section 7.110.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effecteither party hereto to the other party hereto, except (ai) for the provisions of as set forth in Section 5.4(b)6.2 and Section 6.3, Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (ii) that nothing herein will relieve any party from liability for any breach of this AgreementAgreement and the non-breaching party shall have the right to pursue all available legal and equitable remedies.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Fibernet Telecom Group Inc\), Stock Purchase Agreement (RCN Corp /De/), Stock Purchase Agreement (RCN Corp /De/)

Obligations Upon Termination. In the event that this Agreement shall be is terminated pursuant to Section 7.110.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effect, any party hereto to any other party except (ai) for the provisions of Section 5.4(b)as set forth in Sections 6.3, Section 5.8(j), this Section 7.2 6.5 and Sections 10.2, 10.3, 10.5 10.3(a) and 10.6 (b) and Article XI and (ii) that nothing herein will relieve any party from liability for any intentional and material breach of this Agreement.

Appears in 2 contracts

Samples: Purchase Agreement (Tower Group, Inc.), Purchase Agreement (OneBeacon Insurance Group, Ltd.)

Obligations Upon Termination. (a) In the event that this Agreement shall be terminated pursuant to Section 7.110.1 hereof, all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effect, any party hereto to any other party except (ai) for the provisions of Section 5.4(b)as set forth in Article IX and this Article X hereof, Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (ii) that nothing herein will relieve any party from liability for any breach of this Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Affiliated Managers Group Inc), Stock Purchase Agreement (Affiliated Managers Group Inc)

Obligations Upon Termination. In the event that this Agreement shall be terminated pursuant to Section 7.111.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effect, any party hereto to any other party except (a) for the provisions of as set forth in Section 5.4(b), Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 11.12 and (iib) that nothing herein will relieve any party from liability for any breach of this Agreement. Notwithstanding any other provision herein to the contrary, each of the Buyer Confidentiality Agreement and the Seller Confidentiality Agreement shall survive any termination pursuant to Section 11.1 and remain in full force and effect in accordance with its respective terms.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Gryphon Holdings Inc), Stock Purchase Agreement (Gryphon Holdings Inc)

Obligations Upon Termination. In the event that this Agreement shall be terminated pursuant to Section 7.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement shall become null and avoid and of no further force and effect, except (a) for the provisions of Section 5.4(b), Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (ii) that nothing herein will relieve any party from liability for any breach of this Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Landamerica Financial Group Inc), Stock Purchase Agreement (Fidelity National Financial, Inc.)

Obligations Upon Termination. In the event that this Agreement shall be is terminated pursuant to Section 7.19.1, this Agreement shall become null and void and have no further force and effect and all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effect, any party hereto to any other party except (a) for as set forth in Section 7.5, the provisions first sentence of Section 5.4(b)7.15, Section 5.8(j), ARTICLE X and this Section 7.2 and Sections 10.29.2, 10.3, 10.5 and 10.6 and (iib) that nothing herein will relieve or release any party from liability for arising from any fraud or willful or intentional material breach by such party of this AgreementAgreement prior to such termination.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Greatbatch, Inc.)

Obligations Upon Termination. In the event that If this Agreement shall be is terminated pursuant to Section 7.18.1, all obligations of the parties hereto Parties shall terminate; provided, however, that any Party may pursue any legal or equitable remedies that may be available if such termination is based on a breach of or Default under this Agreement shall terminate and this Agreement shall become null and avoid and of no further force and effect, except (a) for by the provisions of Section 5.4(b), Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (ii) that nothing herein will relieve any party from liability for any breach of this Agreementother Party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Dinewise, Inc.)

Obligations Upon Termination. In the event that this Agreement shall be terminated pursuant to Section 7.110.1 of this Agreement, all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effect, except any party hereto to any other party except: (ai) for the provisions of Section 5.4(b), Section 5.8(j), this as set forth in Section 7.2 and Sections 10.2Section 7.3 of this Agreement, 10.3, 10.5 and 10.6 and (ii) that nothing herein will relieve any party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pomeroy Computer Resources Inc)

Obligations Upon Termination. In the event that If this Agreement shall be is terminated pursuant to Section 7.1this Article 11, all obligations of the parties hereto under hereunder shall terminate without any liability of any party to any other party, except for (i) any liability of any party for breach of this Agreement shall terminate and this Agreement shall become null and avoid and of no further force and effectprior to such termination, except (a) for the provisions of Section 5.4(b), Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (ii) that nothing herein will relieve any party from liability for any breach the provisions of this AgreementArticle 12, all of which shall survive such termination.

Appears in 1 contract

Samples: Share Purchase Agreement (Quest Software Inc)

Obligations Upon Termination. In the event that this Agreement shall be terminated pursuant to Section 7.111.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effect, any party hereto to any other party except that (a) for the provisions Sections 7.3 and 12.1(f) shall survive termination of Section 5.4(b)this Agreement until October 24, Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 2008 and (iib) that nothing herein will relieve any party from liability for any breach of this Agreement for which indemnification or another remedy may be sought or asserted under this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Endurance Specialty Holdings LTD)

Obligations Upon Termination. In the event that this Agreement shall be terminated pursuant to Section 7.19.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effect, any party hereto to any other party except (ai) for the provisions of as set forth in Section 5.4(b)6.2 and Section 6.3, Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (ii) that nothing herein will relieve any party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Fremont General Corp)

Obligations Upon Termination. In the event that this Agreement shall be terminated pursuant to Section 7.111.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effect, any party hereto to any other party except (ai) for the provisions of as set forth in Section 5.4(b6.2, Section 6.3, Section 6.4(c), Section 5.8(j), this 7.1(c) and Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (ii) that nothing herein will relieve any party from liability for any breach of this Agreement.11.3 and

Appears in 1 contract

Samples: Stock Purchase Agreement

Obligations Upon Termination. In the event that this Agreement shall be terminated pursuant to Section 7.110.1, all obligations of the parties hereto under this Agreement shall terminate terminate, there shall be no liability of either party hereto to the other party hereto and this Agreement shall become null and avoid be void and of no further force and effect, except (a) for other than Section 1.4 and Section 9.7 and ARTICLE 11 below which shall survive the provisions of Section 5.4(b), Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (ii) that nothing herein will relieve any party from liability for any breach termination of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Allis Chalmers Energy Inc.)

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Obligations Upon Termination. In Except in the event of a termination pursuant to Section 8.1(v) or Section 8.1(vii), in the event that this Agreement shall be terminated pursuant to Section 7.18.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effect, any party hereto to any other party except (a) for the provisions of Section 5.4(b)as set forth in Sections 6.1 and 6.3, Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (iib) that nothing herein will relieve any party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ym Biosciences Inc)

Obligations Upon Termination. In Except in the event of a termination pursuant to Section 9.1(a)(v) or (vi), in the event that this Agreement shall be terminated pursuant to Section 7.19.1, all obligations of the parties Parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effect, any Party hereto to any other Party except (a) for the provisions of Section 5.4(b)as set forth in Sections 5.1 and 5.2 and Article X, Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (iib) that nothing herein will shall relieve any party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (C&d Technologies Inc)

Obligations Upon Termination. In the event that this Agreement shall be terminated pursuant to Section 7.110.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effecteither party hereto to the other party hereto, except (ai) for the provisions of as set forth in Section 5.4(b)6.2 and Section 6.3, Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (ii) that nothing herein will relieve any party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Corning Natural Gas Holding Corp)

Obligations Upon Termination. In the event that this Agreement shall be terminated pursuant to Section 7.111.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effect, any party hereto to any other party except (ai) for the provisions of as set forth in Section 5.4(b6.2, Section 6.3, Section 6.4(c), Section 5.8(j), this 7.1(c) and Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 11.3 and (ii) that nothing herein will relieve any party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Metropolitan Life Insurance Co/Ny)

Obligations Upon Termination. In the event that this ---------------------------- Agreement shall be terminated pursuant to Section 7.19.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effect, any party hereto to any other party except (ai) for the provisions of as set forth in Section 5.4(b)6.2 and Section 6.3, Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (ii) that nothing herein will relieve any party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ace LTD)

Obligations Upon Termination. In the event that this Agreement shall be terminated pursuant to Section 7.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement shall become null and avoid and of no further force and effect, except (a) for the provisions of Section 5.4(b), Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (ii) that nothing herein will relieve any party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Capital Southwest Corp)

Obligations Upon Termination. In the event that this Agreement shall be terminated pursuant to Section 7.111.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effect, any party hereto to any other party except (a) for the provisions of Section 5.4(b), Section 5.8(j), this Section 7.2 and Sections 10.2, 10.3, 10.5 and 10.6 and (ii) that nothing herein will relieve any party from liability for any breach of this Agreement for which indemnification or another remedy may be sought or asserted under this Agreement.. 72

Appears in 1 contract

Samples: Stock Purchase Agreement (Tower Group, Inc.)

Obligations Upon Termination. In the event that this Agreement shall be terminated pursuant to Section 7.110.1, all obligations of the parties hereto under this Agreement shall terminate and this Agreement there shall become null and avoid and be no liability of no further force and effecteither party hereto to the other party hereto, except (ai) for the provisions of as set forth in Section 5.4(b)6.2, Section 5.8(j)6.3, this and Section 7.2 and Sections 10.26.16, 10.3, 10.5 and 10.6 and (ii) that that, subject to Section 9.1(c), nothing herein will relieve any party from liability for any breach of this AgreementAgreement and the non-breaching party shall have the right to pursue all available legal and equitable remedies.

Appears in 1 contract

Samples: Stock Purchase Agreement (Allis Chalmers Energy Inc.)

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