Common use of Effect of Abandonment Clause in Contracts

Effect of Abandonment. If the Merger is rightfully abandoned or terminated as provided in Section 7 or this Section 8: (a) this Agreement shall forthwith become wholly void and of no effect without liability on the part of either party to this Agreement or on the part of any officer, director, controlling person, employee, counsel, agent or shareholder thereof; and (b) the Constituent Corporations shall each pay and bear its own fees and expenses incident to the negotiation, preparation and execution of this Agreement and its respective meetings of stockholders, including fees and expenses of its counsel, accountants, investment banking firm and other experts.

Appears in 6 contracts

Samples: Merger Agreement, Merger Agreement (Americanwest Com Inc), Merger Agreement (Technology Consulting Partners Inc)

AutoNDA by SimpleDocs

Effect of Abandonment. If the Merger is rightfully abandoned or terminated as provided in Section 7 Article VII or in this Section 8Article VIII: (a) this Agreement shall forthwith become wholly void and of no effect without liability on the part of either party to this Agreement or on the part of any officer, director, controlling person, employee, counsel, agent or shareholder thereof; and and (b) the Constituent Corporations shall each pay and bear its own fees and expenses incident to the negotiation, preparation and execution of this Agreement and its respective meetings of stockholders, including fees and expenses of its counsel, accountants, investment banking firm and other experts.

Appears in 3 contracts

Samples: Merger Agreement (Digital Bridge Inc), Merger Agreement (Digital Bridge Inc), Merger Agreement (Digital Bridge Inc)

AutoNDA by SimpleDocs

Effect of Abandonment. If the Merger is rightfully abandoned or terminated ---------------------- as provided in Section 7 or this Section 8: (a) this This Agreement shall forthwith become wholly void and of no effect without liability on the part of either party to this Agreement or on the part of any officer, director, controlling person, employee, counsel, agent or shareholder thereof; and (b) the The Constituent Corporations shall each pay and bear its own fees and expenses incident to the negotiation, preparation and execution of this Agreement and its respective meetings of stockholders, including fees and expenses of its counsel, accountants, investment banking firm and other experts.

Appears in 1 contract

Samples: Merger Agreement (Pacific Intermedia Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!