Common use of Effect of Abandonment Clause in Contracts

Effect of Abandonment. If the transactions contemplated by this Agreement are abandoned or this Agreement is terminated as provided for in Article V, this Agreement shall forthwith become wholly void and of no further force or effect without liability on the part of either party to this Agreement or on the part of any officer, director, controlling person (if any), employee, counsel, agent, or stockholder or partner thereof.

Appears in 4 contracts

Samples: Contribution Agreement (Gadsden Growth Properties, Inc.), Omnibus Contribution Agreement (Gadsden Growth Properties, Inc.), Omnibus Contribution Agreement (Gadsden Growth Properties, Inc.)

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Effect of Abandonment. If the transactions contemplated by this Agreement are abandoned or this Agreement is terminated as provided for in Article VVI, this Agreement shall forthwith become wholly void and of no further force or effect without liability on the part of either party to this Agreement or on the part of any officer, director, controlling person (if any), employee, counsel, agent, or stockholder or partner thereof.

Appears in 4 contracts

Samples: Membership Interest Sale Agreement (Alpha Investment Inc.), Sale Agreement (FC Global Realty Inc), Sale Agreement (First Capital Real Estate Trust Inc)

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