Common use of Effect of Termination; Expenses Clause in Contracts

Effect of Termination; Expenses. (a) In the event of the termination of this Agreement pursuant to Section 10.01, this Agreement shall forthwith become void (except as set forth in Section 12.03), and there shall be no liability on the part of any party hereto, except (i) each party shall remain liable in any 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, or (ii) as otherwise provided in this Section 10.02.

Appears in 3 contracts

Samples: Merger Agreement (Cyberian Outpost Inc), Merger Agreement (Cyberian Outpost Inc), Merger Agreement (Pc Connection Inc)

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Effect of Termination; Expenses. (a) In the event of the termination of this Agreement pursuant to Section 10.0110.1, this Agreement shall forthwith become void (except as set forth in Section 12.03)void, and there shall be no liability on the part of any party hereto, except (i) each as set forth in Section 7.3, this Section 10.2 or Section 11.2 and (ii) nothing herein shall relieve any party shall remain liable in any action at law or otherwise for from any liabilities or damages arising out of its gross negligence or willful breach of any provision of this Agreement, or (ii) as otherwise provided in this Section 10.02.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Camden National Corp), Agreement and Plan of Merger (KSB Bancorp Inc), Agreement and Plan of Merger (Camden National Corp)

Effect of Termination; Expenses. (a) In the event of the termination of this Agreement pursuant to Section 10.019.01, this Agreement shall forthwith become void (except as set forth in Section 12.0310.03), and there shall be no liability on the part of any party hereto, except (i) each party shall remain liable in any 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, or (ii) as otherwise provided in this Section 10.029.02, and (iii) as provided in Section 9.03 and Section 9.04.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Home Port Bancorp Inc), Agreement and Plan of Merger (Seacoast Financial Services Corp)

Effect of Termination; Expenses. (a) In the event of the termination of this Agreement pursuant to Section 10.019.1, this Agreement shall forthwith become void (except as set forth in Section 12.0310.1), subject to Sections 9.3, 9.4 and 9.5, and there shall be no liability on the part of any party hereto, except (i) each party shall remain liable in any action at law or otherwise for any liabilities or damages arising out of its gross negligence willful or willful intentional breach of any provision of this AgreementAgreement or fraud, or and (ii) as otherwise provided in this Section 10.029.2.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Service Bancorp Inc)

Effect of Termination; Expenses. (a) In the event of the termination of this Agreement pursuant to Section 10.018.01, this Agreement shall forthwith become void (except as set forth in Section 12.03)void, and there shall be no liability on the part of any party hereto, except (i) each as set forth in Section 9.03 and (ii) nothing herein shall relieve any party shall remain liable in any action at law or otherwise for from any liabilities or damages arising out of its gross negligence or willful breach of any provision of this Agreement, or (ii) as otherwise provided in this Section 10.02.

Appears in 1 contract

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

Effect of Termination; Expenses. (a) In the event of the termination of this Agreement pursuant to Section 10.019.01, this Agreement shall forthwith become void (except as set forth in Section 12.0310.01), and there shall be no liability on the part of any party hereto, except (i) each party shall remain liable in any 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, or and (ii) as otherwise provided in this Section 10.029.02.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bay State Bancorp Inc)

Effect of Termination; Expenses. (a) In the event of the termination of this Agreement pursuant to Section 10.019.01, this Agreement shall forthwith become void (except as set forth in Section 12.0310.01), subject to Section 9.03, and there shall be no liability on the part of any party hereto, except (i) each party shall remain liable in any 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, or and (ii) as otherwise provided in this Section 10.029.02.

Appears in 1 contract

Samples: Voting Agreement (Abington Bancorp Inc)

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Effect of Termination; Expenses. (a) In the event of the termination of this Agreement pursuant to Section 10.019.1, this Agreement shall forthwith become void (except as set forth in Section 12.0310.1), subject to Sections 9.3 and 9.4, and there shall be no liability on the part of any party hereto, except (i) each party shall remain liable in any 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, or and (ii) as otherwise provided in this Section 10.029.2 or in Section 9.3 or Section 9.4.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Benjamin Franklin Bancorp, M.H.C.)

Effect of Termination; Expenses. (a) In the event of the termination of this Agreement pursuant to Section 10.019.01, this Agreement shall forthwith become void (except as set forth in Section 12.0310.01), and there shall be no liability on the part of any party hereto, except (i) each party shall remain liable in any 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, or (ii) as otherwise provided in this Section 10.029.02, and (iii) as provided in Section 9.03 or Section 9.04.

Appears in 1 contract

Samples: Voting Agreement (Abington Bancorp Inc)

Effect of Termination; Expenses. (a) In the event of the termination of this Agreement pursuant to Section 10.019.1, this Agreement shall forthwith become void (except as set forth in Section 12.0310.1), subject to Section 9.3, and there shall be no liability on the part of any party hereto, except (i) each party shall remain liable in any 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, or and (ii) as otherwise provided in this Section 10.029.2.

Appears in 1 contract

Samples: Agreement and Plan of Merger

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