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), Agreement and Plan of Merger (North Fork Bancorporation Inc), Agreement and Plan of Merger (Reliance Bancorp 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) 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: Agreement and Plan of Merger (F&m Bancorp), Agreement and Plan of Merger (Patapsco Valley Bancshares Inc)

Effect of Termination; Expenses. (a) In the event of the termination of this Agreement by either Buyer or the Company as provided in pursuant to Section 9.19.01, this Agreement shall forthwith become void and have there shall be no effect liability on the part of any party hereto, except that (i) Sections 7.2(c7.06(c), 9.2 9.02, 9.03, 10.01 and 10.4 10.12 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 2 contracts

Samples: Agreement and Plan of Merger (Independent Bank Corp), Agreement and Plan of Merger (Falmouth Bancorp Inc)

Effect of Termination; Expenses. (a) In the event of termination of this Agreement by either Buyer Parent 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(c7.2(b), 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 2 contracts

Samples: Agreement and Plan of Reorganization (Cbny Investment Services Corp), Agreement and Plan of Reorganization (North Fork Bancorporation Inc)

Effect of Termination; Expenses. 9.2.1 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 and have no effect except that (i) Sections 7.2(c), 9.2 and 10.4 shall survive any termination of this Agreementterminate, and (ii) notwithstanding anything to the contrary contained in this Agreement, no party there shall be relieved or released from any liabilities or damages arising out of its willful breach no liability on the part of any provision of this Agreementparty hereto, except as otherwise provided below.

Appears in 1 contract

Samples: Agreement (Arotech Corp)

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 1 contract

Samples: Agreement and Plan of Merger (Monocacy Bancshares Inc)

Effect of Termination; Expenses. (a) In the event of the termination of this Agreement by either Buyer Purchaser or the Company as provided in Seller, pursuant to Section 9.16.01, this Agreement shall forthwith thereafter become void and have and, subject to the provisions of Section 8.02, there shall be no effect liability on the part of any party hereto or their respective officers or directors, except that (i) Sections 7.2(c), 9.2 and 10.4 any such termination shall survive any termination of this Agreement, and (ii) notwithstanding anything be without prejudice to the contrary rights of any party hereto arising out of the willful breach by any other party of any covenant, representation or obligation 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 AgreementAgreement as set forth in Section 6.02(b).

Appears in 1 contract

Samples: Business Combination Agreement (Charter Financial Corp/Ga)

Effect of Termination; Expenses. (a) In the event of the termination of this Agreement by either Buyer Purchaser or the Company as provided in Seller pursuant to Section 9.16.01, this Agreement shall forthwith thereafter become void and have and, subject to the provisions of Section 8.02, there shall be no effect liability on the part of any party hereto or their respective officers or directors, except that (i) Sections 7.2(c), 9.2 and 10.4 any such termination shall survive any termination of this Agreement, and (ii) notwithstanding anything be without prejudice to the contrary rights of any party hereto arising out of the willful breach by any other party of any covenant, representation or obligation 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 AgreementAgreement as set forth in Section 6.02(b).

Appears in 1 contract

Samples: Employment Agreement (Ibl Bancorp)

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Effect of Termination; Expenses. 9.2.1. 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 and have no effect except that (i) Sections 7.2(c), 9.2 and 10.4 shall survive any termination of this Agreementterminate, and (ii) notwithstanding anything to the contrary contained in this Agreement, no party there shall be relieved or released from any liabilities or damages arising out of its willful breach no liability on the part of any provision of this Agreementparty hereto, except as otherwise provided below.

Appears in 1 contract

Samples: Stock Purchase Agreement (Arotech Corp)

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. 9.3.

Appears in 1 contract

Samples: Agreement and Plan of Merger (F&m Bancorp)

Effect of Termination; Expenses. 10.2.1 In the event of the termination of this Agreement by either Buyer or the Company as provided in pursuant to Section 9.110.1, 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 Agreementterminate, and (ii) notwithstanding anything to the contrary contained in this Agreement, no party there shall be relieved or released from any liabilities or damages arising out of its willful breach no liability on the part of any provision of this Agreementparty hereto, except as provided in Section 10.2.2.

Appears in 1 contract

Samples: Stock Purchase/Sale Agreement (Arotech Corp)

Effect of Termination; Expenses. (a) In the event of termination of this Agreement by either Buyer NFB or the Company as provided in Section 9.17.1, this Agreement shall forthwith become void and have no effect except that (i) Sections 7.2(cthe last sentence of Section 5.2(a), 9.2 and 10.4 Sections 5.2(b), 7.2 and 10.1, 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 1 contract

Samples: Stock Purchase Agreement (North Fork Bancorporation Inc)

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: Agreement and Plan of Merger

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