Common use of Certain Effects of Termination Clause in Contracts

Certain Effects of Termination. In the event that this Agreement is terminated pursuant to Section 7.01: (a) except as set forth in Section 7.02(b), this Agreement shall become null and void and have no further force or effect, but the parties shall not be released from any liability arising from or in connection with any breach hereof occurring prior to such termination; (b) regardless of any purported termination of this Agreement, the provisions of Article VI and all indemnification rights and obligations of the Partnership and the Purchasers thereunder, this Section 7.02 and the provisions of Article VIII shall remain operative and in full force and effect as between the Partnership and the Purchasers, unless the Partnership and the Purchasers possessing the right to acquire not less than majority of the Purchased Units execute a writing that expressly (with specific references to the applicable Articles, Sections or subsections of this Agreement) terminates such rights and obligations as between the Partnership and the Purchasers; and (c) each of the Confidentiality Agreements shall remain in effect in accordance with Section 8.06(a).

Appears in 2 contracts

Samples: Purchase Agreement (Phillips 66 Partners Lp), Purchase Agreement (Dominion Midstream Partners, LP)

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Certain Effects of Termination. In the event that this Agreement is terminated pursuant to Section 7.01: (a) except as set forth in Section 7.02(b), this Agreement shall become null and void and have no further force or effect, but the parties shall not be released from any liability arising from or in connection with any breach hereof occurring prior to such termination;; and (b) regardless of any purported termination of this Agreement, the provisions of Article VI and all indemnification rights and obligations of the Partnership and the Purchasers thereunder, this Section 7.02 and the provisions of Article VIII shall remain operative and in full force and effect as between the Partnership and the Purchasers, unless the Partnership and the Purchasers possessing the right to acquire not less than representing a majority of the Purchased Units execute a writing that expressly (with specific references to the applicable Articles, Sections or subsections of this Agreement) terminates such rights and obligations as between the Partnership and the Purchasers; and (c) each of the Confidentiality Agreements shall remain in effect in accordance with Section 8.06(a).

Appears in 1 contract

Samples: Purchase Agreement (Tetra Technologies Inc)

Certain Effects of Termination. In the event that this Agreement is terminated pursuant to Section 7.01: (a) except as set forth in Section 7.02(b), this Agreement shall become null and void and have no further force or effect, but the parties shall not be released from any liability arising from or in connection with any breach hereof occurring prior to such termination; (b) regardless of any purported termination of this Agreement, the provisions of Article VI and all indemnification rights and obligations of the Partnership and the Purchasers Purchaser thereunder, this Section 7.02 and the provisions of Article VIII shall remain operative and in full force and effect as between the Partnership and the PurchasersPurchaser, unless the Partnership and the Purchasers possessing the right to acquire not less than majority of the Purchased Units Purchaser execute a writing that expressly (with specific references to the applicable Articles, Sections or subsections of this Agreement) terminates such rights and obligations as between the Partnership and the PurchasersPurchaser; and (c) each of the Confidentiality Agreements Non-Disclosure Agreement shall remain in effect until it expires in accordance with Section 8.06(a)its terms.

Appears in 1 contract

Samples: Convertible Preferred Unit Purchase Agreement (EnLink Midstream Partners, LP)

Certain Effects of Termination. In the event that this Agreement is terminated pursuant to Section 7.01: (a) except as set forth in Section 7.02(b), this Agreement shall become null and void and have no further force or effect, but the parties shall not be released from any liability arising from or in connection with any breach hereof occurring prior to such termination;termination; (b) regardless of any purported termination of this Agreement, the provisions of Article VI and all indemnification rights and obligations of the Partnership and the Purchasers thereunder, this Section 7.02 and the provisions of Article VIII shall remain operative and in full force and effect as between the Partnership and the Purchasers, unless the Partnership and the Purchasers possessing the right to acquire not less than majority of the Purchased Units execute a writing that expressly (with specific references to the applicable Articles, Sections or subsections of this Agreement) terminates such rights and obligations as between the Partnership and the Purchasers; Purchasers; and (c) each of the Confidentiality Agreements shall remain in effect in accordance with Section 8.06(a).

Appears in 1 contract

Samples: Series a Preferred Unit and Common Unit Purchase Agreement

Certain Effects of Termination. In the event that this Agreement is terminated pursuant to Section 7.01: (a) except as set forth in Section 7.02(b), this Agreement shall become null and void and have no further force or effect, but the parties shall not be released from any liability arising from or in connection with any breach hereof occurring prior to such termination; (b) regardless of any purported termination of this Agreement, the provisions of Article VI and all indemnification rights and obligations of the Partnership and the Purchasers thereunder, this Section 7.02 and the provisions of Article VIII shall remain operative and in full force and effect as between the Partnership and the Purchasers, unless the Partnership and the Purchasers possessing the right to acquire not less than representing a majority of the Purchased Units execute a writing that expressly (with specific references to the applicable Articles, Sections or subsections of this Agreement) terminates such rights and obligations as between the Partnership and the Purchasers; and (c) each of the Confidentiality Agreements shall remain in effect until such Confidentiality Agreement expires in accordance with Section 8.06(a)its terms.

Appears in 1 contract

Samples: Series a Preferred Unit Purchase Agreement (Plains All American Pipeline Lp)

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Certain Effects of Termination. In the event that this Agreement is terminated pursuant to Section 7.01: (a) except as set forth in Section 7.02(b), this Agreement shall become null and void and have no further force or effect, but the parties shall not be released from any liability arising from or in connection with any breach hereof occurring prior to such termination; (b) regardless of any purported termination of this Agreement, the provisions of Article VI and all indemnification rights and obligations of the Partnership and the Purchasers thereunder, this Section 7.02 and the provisions of Article VIII shall remain operative and in full force and effect as between the Partnership and the Purchasers, unless the Partnership and the Purchasers possessing the right to acquire not less than majority of the Purchased Units execute a writing that expressly (with specific references to the applicable Articles, Sections or subsections of this Agreement) terminates such rights and obligations as between the Partnership and the Purchasers; and; (c) each of the Confidentiality Agreements shall remain in effect in accordance with Section 8.06(a); and (d) provided such termination of this Agreement is for any reason other than as a result of Section 7.01(e), within five Business Days of such termination, the Partnership shall pay to the Purchasers the Up-Front Fee by wire transfer of immediately available funds in the amounts and to the Persons as set forth on Schedule C attached hereto.

Appears in 1 contract

Samples: Series a Preferred Unit and Warrant Purchase Agreement (USA Compression Partners, LP)

Certain Effects of Termination. In the event that this Agreement is terminated pursuant to Section 7.01: (a) except as set forth in Section 7.02(b), this Agreement shall become null and void and have no further force or effect, but the parties shall not be released from any liability arising from or in connection with any breach hereof occurring prior to such termination; (b) regardless of any purported termination of this Agreement, the provisions of Article VI and all indemnification rights and obligations of the Partnership and the Purchasers Purchaser thereunder, this Section 7.02 and the provisions of Article VIII shall remain operative and in full force and effect as between the Partnership and the PurchasersPurchaser, unless the Partnership and the Purchasers possessing the right to acquire not less than majority of the Purchased Units Purchaser execute a writing that expressly (with specific references to the applicable Articles, Sections or subsections of this Agreement) terminates such rights and obligations as between the Partnership and the PurchasersPurchaser; and (c) each of the Confidentiality Agreements Agreement shall remain in effect in accordance with Section 8.06(a8.07(a).

Appears in 1 contract

Samples: Series B Preferred Unit Purchase Agreement (Black Stone Minerals, L.P.)

Certain Effects of Termination. In the event that this Agreement is terminated pursuant to Section 7.01: (a) except as set forth in Section 7.02(b), this Agreement shall become null and void and have no further force or effect, but the parties shall not be released from any liability arising from or in connection with any breach hereof occurring prior to such termination; (b) regardless of any purported termination of this Agreement, the provisions of Article VI and all indemnification rights and obligations of the Partnership and the Purchasers thereunder, this Section 7.02 and the provisions of Article VIII shall remain operative and in full force and effect as between the Partnership and the Purchasers, unless the Partnership and the Purchasers possessing the right to acquire not less than majority of the Purchased Units execute a writing that expressly (with specific references to the applicable Articles, Sections or subsections of this Agreement) terminates such rights and obligations as between the Partnership and the Purchasers; and (c) each of the Confidentiality Agreements shall remain in effect until such Confidentiality Agreement expires in accordance with Section 8.06(a)its terms.

Appears in 1 contract

Samples: Series a Preferred Unit Purchase Agreement (KNOT Offshore Partners LP)

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