Common use of Effect of Termination and Abandonment Clause in Contracts

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XI, no Party hereto (or any of its directors, officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party to this Agreement, except that nothing herein will relieve any Party from liability for any breach of this Agreement.

Appears in 10 contracts

Samples: Merger Agreement (American Spectrum Realty Inc), Merger Agreement (American Spectrum Realty Inc), Merger Agreement (American Spectrum Realty Inc)

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Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XIX, no Party hereto (or any of its directors, officers, Managing General Partners, Managing Members, Limited Partners or MembersLimited Partners) shall have any liability or further obligation to any other Party to this Agreement, except that nothing herein will relieve any Party from liability for any breach of this Agreement.

Appears in 8 contracts

Samples: Merger Agreement (American Spectrum Realty Inc), Merger Agreement (American Spectrum Realty Inc), Merger Agreement (American Spectrum Realty Inc)

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger Contribution pursuant to this Article XIIX, no Party hereto (or any of its directors, officers, Managing General Partners, Managing Members, Limited Partners or MembersStockholders) shall have any liability or further obligation to any other Party to this Agreement, except that nothing herein will relieve any Party from liability for any breach of this Agreement.

Appears in 3 contracts

Samples: Contribution Agreement (American Spectrum Realty Inc), Agreement and Plan of Contribution (American Spectrum Realty Inc), Contribution Agreement (American Spectrum Realty Inc)

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XIX, no Party party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party party to this Agreement, except as provided in Section 8.7 or Section 10.6, and except that nothing herein will relieve any Party party from liability for any breach of this Agreement.

Appears in 3 contracts

Samples: Merger Agreement (Entertainment Inc), Merger Agreement (United Pan Europe Communications Nv), Merger Agreement (Bison Acquisition Corp)

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XIIX, no Party party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party party to this Agreement, except that nothing herein will relieve any Party party from liability for any breach of this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Liberty Media Corp /De/), Merger Agreement (Sky Global Networks Inc)

Effect of Termination and Abandonment. In the event of proper termination of this Agreement and abandonment of the Merger transactions contemplated by this Agreement pursuant to this Article XIV, no Party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party to this Agreement, except that in such event nothing herein will shall relieve any Party from liability for any breach of this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Hexcel Corp /De/), Asset Purchase Agreement (Cytec Industries Inc/De/)

Effect of Termination and Abandonment. In the event of termination ------------------------------------- of this Agreement and abandonment of the Merger Mergers pursuant to this Article XI, no Party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party to this Agreement, except that nothing herein will relieve any Party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (CNL American Properties Fund Inc)

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Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XI, no Party party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party party to this Agreement, except that nothing herein will relieve any Party from liability for any breach of as provided in this AgreementArticle XI and in Sections 5.6 and 5.7 hereof.

Appears in 1 contract

Samples: Merger Agreement (Airbee Wireless, Inc.)

Effect of Termination and Abandonment. In the event of termination ------------------------------------- of this Agreement and abandonment of the Merger pursuant to this Article XI, no Party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party to this Agreement, except that nothing herein will relieve any Party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (CNL American Properties Fund Inc)

Effect of Termination and Abandonment. In the event of termination of this Agreement and abandonment of the Merger pursuant to this Article XIX, no Party hereto (or any of its directors, officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party to this Agreement, except that nothing herein will relieve any Party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (American Spectrum Realty Inc)

Effect of Termination and Abandonment. In the event of termination of this Agreement and the abandonment of the Merger pursuant to this Article XIARTICLE XII, no Party party hereto (or any of its directors, directors or officers, Managing General Partners, Managing Members, Limited Partners or Members) shall have any liability or further obligation to any other Party party to this Agreement, Agreement except as provided herein except that nothing herein will relieve any Party party from liability for any breach of this Agreement.

Appears in 1 contract

Samples: Plan of Reorganization and Agreement of Merger (Edt Learning Inc)

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