Common use of Effect of Abandonment Clause in Contracts

Effect of Abandonment. In the event that this Agreement is terminated and the transactions contemplated hereby are abandoned pursuant to the terms hereof, this Agreement shall forthwith become wholly void and of no force and effect, except as to the last two sentences of Section 3.3 hereof and Section 10.2 hereof; provided, however, that nothing in this Agreement contained shall be deemed to relieve any party hereto from liability for any breach of this Agreement prior to termination.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Entrust Financial Services Inc), Asset Purchase Agreement (Us Home & Garden Trust I)

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Effect of Abandonment. In the event that this Agreement is terminated and the transactions contemplated hereby are abandoned pursuant to the terms hereof, this Agreement shall forthwith become wholly void and of no force and effect, except as to the last two sentences of Section 3.3 Sections 10.1, 10.14 and Article 6 hereof and Section 10.2 hereofthe obligations set forth in the Confidentiality Agreement; provided, however, that nothing in this Agreement contained shall be deemed to relieve any party hereto from liability for any breach of this Agreement prior to termination.

Appears in 1 contract

Samples: Asset Purchase Agreement (Audio Book Club Inc)

Effect of Abandonment. In the event that this Agreement is terminated and the transactions contemplated hereby are abandoned pursuant to the terms hereof, this Agreement shall forthwith become wholly void and of no force and effect, except as to the last two sentences of Section 3.3 hereof and Section 10.2 10.1 hereof; provided, however, that nothing in this Agreement contained shall be deemed to relieve any party hereto from liability for any breach of this Agreement prior to termination.

Appears in 1 contract

Samples: Stock Purchase Agreement (Synergistic Holding Corp)

Effect of Abandonment. In the event that this ---------------------- Agreement is terminated and the transactions contemplated hereby are abandoned pursuant to the terms hereof, this Agreement shall forthwith become wholly void and of no force and effect, except as to the last two sentences of Section 3.3 hereof and Section 10.2 hereof; hereof-, provided, however, that nothing in this Agreement contained shall be deemed to relieve any party hereto from liability for any breach of this Agreement prior to to. termination.

Appears in 1 contract

Samples: Stock Purchase Agreement (Labarile Paul Michael)

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Effect of Abandonment. In the event that this Agreement is terminated and the transactions contemplated hereby are abandoned pursuant to the terms hereof, this Agreement shall forthwith become wholly void and of no force and effect, except as to the last two sentences of Section 3.3 hereof and Section 10.2 hereof; provided, however, that nothing in this Agreement contained shall be deemed to relieve any party hereto from liability for any breach of this Agreement prior to termination.

Appears in 1 contract

Samples: Asset Purchase Agreement (Us Home & Garden Inc)

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