Common use of Effect of Termination and Abandonment Clause in Contracts

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XI, no Party hereto (or any of its directors, officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party to this Agreement, except that nothing herein will relieve any Party from liability for any breach of this Agreement.

Appears in 10 contracts

Samples: Agreement and Plan of Merger (American Spectrum Realty Inc), Agreement and Plan of Merger (American Spectrum Realty Inc), Agreement and Plan of Merger (American Spectrum Realty Inc)

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Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XIX, no Party hereto (or any of its directors, officers, Managing General Partners, Managing Members, Limited Partners or MembersLimited Partners) shall have any liability or further obligation to any other Party to this Agreement, except that nothing herein will relieve any Party from liability for any breach of this Agreement.

Appears in 8 contracts

Samples: Agreement and Plan of Merger (American Spectrum Realty Inc), Agreement and Plan of Merger (American Spectrum Realty Inc), Agreement and Plan of Merger (American Spectrum Realty Inc)

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger Contribution pursuant to this Article XIIX, no Party hereto (or any of its directors, officers, Managing General Partners, Managing Members, Limited Partners or MembersStockholders) shall have any liability or further obligation to any other Party to this Agreement, except that nothing herein will relieve any Party from liability for any breach of this Agreement.

Appears in 3 contracts

Samples: Agreement and Plan (American Spectrum Realty Inc), Contribution Agreement (American Spectrum Realty Inc), Contribution Agreement (American Spectrum Realty Inc)

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XIX, no Party party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party party to this Agreement, except as provided in Section 8.7 or Section 10.6, and except that nothing herein will relieve any Party party from liability for any breach of this Agreement.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Entertainment Inc), Agreement and Plan of Merger (United Pan Europe Communications Nv), Agreement and Plan of Merger (Bison Acquisition Corp)

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XIIX, no Party party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party party to this Agreement, except that nothing herein will relieve any Party party from liability for any breach of this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Liberty Media Corp /De/), Agreement and Plan of Merger (Sky Global Networks Inc)

Effect of Termination and Abandonment. In the event of proper termination of this Agreement and abandonment of the Merger transactions contemplated by this Agreement pursuant to this Article XIV, no Party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party to this Agreement, except that in such event nothing herein will shall relieve any Party from liability for any breach of this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cytec Industries Inc/De/), Asset Purchase Agreement (Hexcel Corp /De/)

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XIIX, no Party party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party party to this AgreementAgreement in respect of this Agreement or the proposed Merger, except that nothing herein will relieve any Party party from liability for any breach of this AgreementAgreement or its obligations hereunder.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Gemstar Tv Guide International Inc), Agreement and Plan of Merger (Liberty Media Corp /De/)

Effect of Termination and Abandonment. In the event of termination ------------------------------------- of this Agreement and abandonment of the Merger pursuant to this Article XI, no Party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party to this Agreement, except 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 (CNL American Properties Fund Inc)

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Phase II Merger pursuant to this Article XIIX, no Party party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party party to this Agreement, except that nothing herein will relieve any Party party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Liberty Media Corp /De/)

Effect of Termination and Abandonment. In the event of termination of this Agreement and the abandonment of the Merger pursuant to this Article XIARTICLE XII, no Party party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party party to this Agreement, Agreement except as provided herein except that nothing herein will relieve any Party party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Plan of Reorganization and Agreement (Edt Learning Inc)

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XI, no Party party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party party to this Agreement, except that nothing herein will relieve any Party from liability for any breach of as provided in this AgreementSection 11.5 and in Sections 5.10 and 5.4(b) hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (RCG Companies Inc)

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Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XIX, no Party party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party party to this Agreement, except as provided in Section 8.8 and except that nothing herein will relieve any Party party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (American City Business Journals Inc)

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XIIX, no Party party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party party to this Agreement, except that nothing herein will shall relieve any Party party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Hilton Hotels Corp)

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XI, no Party party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party party to this Agreement, except that nothing herein will relieve any Party from liability for any breach of as provided in this AgreementSchedule 11.5 and in Sections 5.10 and 5.4(b) hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Visual Data Corp)

Effect of Termination and Abandonment. In the event of termination ------------------------------------- of this Agreement and abandonment of the Merger Mergers pursuant to this Article XI, no Party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party to this Agreement, except 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 (CNL American Properties Fund Inc)

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XIX, no Party hereto (or any of its directors, officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party to this Agreement, except 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 (American Spectrum Realty Inc)

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XI, no Party party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party party to this Agreement, except that nothing herein will relieve any Party from liability for any breach of as provided in this AgreementArticle XI and in Sections 5.6 and 5.7 hereof.

Appears in 1 contract

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

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