Common use of Effect of Obligations Clause in Contracts

Effect of Obligations. Termination of this Agreement pursuant to this Article IX shall terminate all obligations of the Parties and this Agreement shall become void and have no effect without any liability on the part of any Party or the shareholders, directors or officers of the Seller or the Buyer in respect thereof, except for the obligations under Sections 5.8, and 10.1; provided, however, that termination pursuant to clause (b) of Section 9.1 shall not relieve the defaulting or breaching party from any liability to the other party hereto.

Effect of Obligations. Termination of this Agreement pursuant to this Article IX Section 6.1, above, shall terminate all obligations of the Parties parties hereunder and this Agreement shall become void and have no effect without any liability of any kind on the part of any Party or the shareholders, directors or officers of the Seller or the Buyer in respect thereof, except for the obligations under Sections 5.8, and 10.1party; provided, however, that termination pursuant to clause (b) of Section 9.1 6.1, above, by the nondefaulting or nonbreaching party shall not relieve the defaulting or breaching party from any liability to the other nondefaulting or nonbreaching party heretowhich accrued prior to such termination.

Effect of Obligations. Termination of this Agreement pursuant to this Article IX --------------------- Section 10.1, above, shall terminate all obligations of the Parties parties hereunder and this Agreement shall become void and have no effect without any liability on the part of any Party party or the shareholders, directors directors, officers or officers of the Seller or the Buyer partners in respect thereof, except for the obligations under Sections 5.8Section 8.4, and 10.1above; provided, -------- however, that termination pursuant to clause Section 10.1 (b) of Section 9.1 or (c), above, shall not ------- relieve the defaulting or breaching party from any liability to the other party heretoparty.