Common use of Consequences of Rescission Clause in Contracts

Consequences of Rescission. In the event this Agreement is rescinded and terminated pursuant to the provisions of Section 5.1 or Section 5.2 hereof, each Party shall be released from all obligations hereunder and each Party shall take all reasonable actions to return the other Parties to the position relative to the Purchase Shares which such Party occupied prior to the execution hereof.

Consequences of Rescission. In the event that this Agreement is rescinded and terminated pursuant to the provisions of Section paragraph 5.1 or Section 5.2 hereofherein, each Party party hereto shall be released from all obligations hereunder and each Party party hereto shall take all reasonable actions to return the other Parties parties to the position relative to the Purchase Purchased Shares which such Party party occupied prior to the execution hereof.

Consequences of Rescission. In the event this Agreement is rescinded and terminated pursuant to the provisions of Section subsection 5.1 or Section subsection 5.2 hereof, each Party party hereto shall be released from all obligations hereunder and each Party party hereto shall take all reasonable actions to return the other Parties parties to the position relative to the Purchase Shares Vendor’s Stendal Interest which such Party party occupied prior to the execution hereof.

Consequences of Rescission. In the event this Agreement is rescinded and terminated pursuant to the provisions of Section 5.1 9.1 or Section 5.2 9.2 hereof, each Party party hereto shall be released from all obligations hereunder and each Party party hereto shall take all reasonable actions to return the other Parties parties to the position relative to the Purchase Shares Acquisition and this Agreement which such Party party occupied prior to the execution hereof.