Common use of Effect of Termination; Expenses Clause in Contracts

Effect of Termination; Expenses. In the event of termination of this Agreement by either Buyer or the Company as provided in Section 9.1, this Agreement shall forthwith become void and have no effect except that (i) Sections 7.2(c), 9.2 and 10.4 shall survive any termination of this Agreement, and (ii) notwithstanding anything to the contrary contained in this Agreement, no party shall be relieved or released from any liabilities or damages arising out of its willful breach of any provision of this Agreement.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (North Fork Bancorporation Inc), Merger Agreement (Reliance Bancorp Inc), Merger Agreement (North Fork Bancorporation Inc)

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Effect of Termination; Expenses. In the event of termination of this Agreement by either Buyer or the Company as provided in Section 9.1, this Agreement shall forthwith become void and have no effect except that (i) the last sentence of Section 7.2(a), and Sections 7.2(c), 9.2 and 10.4 10.4, shall survive any termination of this Agreement, and (ii) that notwithstanding anything to the contrary contained in this Agreement, no party shall be relieved or released from any liabilities or damages arising out of its willful breach of any provision of this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (F&m Bancorp), Merger Agreement (Monocacy Bancshares Inc)

Effect of Termination; Expenses. In the event of termination of this Agreement by either Buyer or the Company as provided in Section 9.1, this Agreement shall forthwith become void and have no effect except that (i) Sections 7.2(cthe last sentence of Section 7.2(a), the last sentence of Section 7.2(b), and Sections 9.2 and 10.4 10.4, shall survive any termination of this Agreement, and (ii) that notwithstanding anything to the contrary contained in this Agreement, no party shall be relieved or released from any liabilities or damages arising out of its willful breach of any provision of this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Patapsco Valley Bancshares Inc), Merger Agreement (F&m Bancorp)

Effect of Termination; Expenses. In the event of termination of this Agreement by either Buyer CCBG or the Company FFB as provided in Section 9.1, 8.1 this Agreement shall forthwith become void and have no effect except that (i) the last sentence of Section 6.2 and Sections 7.2(c), 9.2 and 10.4 9.3 shall survive any termination of this Agreement, and (ii) that notwithstanding anything to the contrary contained in this Agreement, no party shall be relieved or released from any liabilities or damages arising out of its willful breach of any provision of this Agreement.

Appears in 1 contract

Samples: Merger Agreement

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Effect of Termination; Expenses. In the event of the termination of this Agreement by either Buyer or the Company as provided in pursuant to Section 9.1, this Agreement shall forthwith become void (except as set forth in Section 10.1), subject to Section 9.3, and have there shall be no effect liability on the part of any party hereto, except that (i) Sections 7.2(c), 9.2 and 10.4 each party shall survive remain liable in any termination action at law or otherwise for any liabilities or damages arising out of its gross negligence or willful breach of any provision of this Agreement, and (ii) notwithstanding anything to the contrary contained as otherwise provided in this Agreement, no party shall be relieved or released from any liabilities or damages arising out of its willful breach of any provision of this AgreementSection 9.2.

Appears in 1 contract

Samples: Merger Agreement

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