Effect of Abandonment. If the transactions contemplated by this Agreement are abandoned as provided for in paragraph 18 hereof, (i) this Agreement shall forthwith become wholly void and shall have no effect and there shall be no liability to any party to this Agreement or to the directors, officers, representatives and agents of any such parties and (ii) each party shall pay its own fees and expenses incident to the negotiation, preparation, and execution of this Agreement and the obtaining of the necessary approvals thereof, including fees and expenses of its counsel, accountants, and experts, if any.
Appears in 4 contracts
Samples: Acquisition Agreement (Luminart Corp), Asset Acquisition Agreement (Exus Networks Inc), Acquisition Agreement (Moneyflow Systems International Inc)
Effect of Abandonment. If the transactions contemplated by this Agreement are abandoned as provided for in paragraph 18 hereof, (i) this Agreement shall forthwith become wholly void and shall have no effect and there shall be no without liability to any party to this Agreement (except as heretofore indicated in paragraph (c) above) or to the directors, officers, representatives and agents of any such parties and (ii) each party shall pay its own fees and expenses incident to the negotiation, preparation, and execution of this Agreement and the obtaining of the necessary approvals thereof, including fees and expenses of its counsel, accountants, and experts, if any.
Appears in 2 contracts
Samples: Acquisition Agreement (Americas Power Partners Inc), Acquisition Agreement (Oak Brook Capital Iii)
Effect of Abandonment. If Subject to the provisions of Section 5.4 and subject to the Confidentiality Agreement, if the transactions contemplated by this Agreement are abandoned as provided for in paragraph 18 hereofthis Section, (ia) this Agreement shall forthwith become wholly void and shall have of no effect and there shall be no without liability to any party to this Agreement or to the directors, officers, representatives representatives, and agents of any such parties party; (b) Buyer, Acquisition Sub, and (ii) Seller and Designated Shareholder shall each party shall pay its such party’s own fees and expenses incident to the negotiation, preparation, and execution of this Agreement and the obtaining of the necessary approvals thereof, including fees and expenses of its counsel, accountants, and experts, if any.the
Appears in 1 contract
Samples: Asset Purchase Agreement (Clear Choice Financial, Inc.)
Effect of Abandonment. If the transactions contemplated by this Agreement are abandoned as provided for in paragraph 18 Section 17 hereof, (i) this Agreement agreement shall forthwith become wholly void and shall have no effect and there shall be no without liability to any party to this Agreement (except as heretofore indicated in paragraph (c) above) or to the directors, officers, representatives and agents of any such parties and (ii) each party shall pay its own fees and expenses incident to the negotiation, preparation, and execution of this Agreement and the obtaining of the necessary approvals thereof, including fees and expenses of its counsel, accountants, and other experts, if any.
Appears in 1 contract
