Common use of Effect of Termination; Liabilities Clause in Contracts

Effect of Termination; Liabilities. In the event of the termination of this Agreement pursuant to Section 8.1 or Section 8.4 and prior to the Closing, all obligations of the parties hereunder (other than pursuant to Sections 4.8 and 5.1 hereof) shall terminate, and neither Seller nor Buyer shall have any further liability hereunder, including for losses, liabilities, obligations, damages, deficiencies, actions, suits, proceedings, demands, assessments, orders, judgments, costs and expenses (including attorneys' fees) of any kind whatsoever; except upon termination of this Agreement pursuant to Sections 8.1(c)(i) and 8.1(c)(ii), Buyer shall be entitled to any remedy which it may have, whether at law or in equity, and except upon termination of this Agreement pursuant to Sections 8.1(b)(i) and 8.1(b)(ii), Seller shall be entitled to any remedy which it may have, whether at law or in equity.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Duro Communications Corp), Asset Purchase Agreement (Duro Communications Corp)

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Effect of Termination; Liabilities. In the event of the termination of this Agreement pursuant to Section 8.1 or Section 8.4 and prior to the Closing, all covenants, agreements and other obligations of the parties hereunder (other than pursuant to Sections 4.8 and 5.1 hereof) shall terminate, and neither Seller Sellers nor Buyer shall have any further liability hereunder, including for losses, liabilities, obligations, damages, deficiencies, actions, suits, proceedings, demands, assessments, orders, judgments, costs and expenses (including attorneys' fees) of any kind whatsoever; except upon termination of this Agreement pursuant to Sections 8.1(c)(i) and 8.1(c)(ii), Buyer shall be entitled to any remedy which it may have, whether at law or in equity, and except upon termination of this Agreement pursuant to Sections 8.1(b)(i) and 8.1(b)(ii), Seller Sellers shall be entitled to any remedy which it may they have, whether at law or in equity.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

Effect of Termination; Liabilities. In the event of the termination of this Agreement pursuant to Section 8.1 or Section 8.4 and prior to the Closing, all obligations of the parties hereunder (other than pursuant to Sections 4.8 and 5.1 hereof) shall terminate, and neither Seller nor Buyer shall have any further liability hereunder, including for losses, liabilities, obligations, damages, deficiencies, actions, suits, proceedings, demands, assessments, orders, judgments, costs and expenses (including attorneys' fees) of any kind whatsoever; except upon termination of this Agreement pursuant to Sections 8.1(c)(i) and 8.1(c)(ii), Buyer shall be entitled to any remedy which it may have, whether at law or in equity, and and, except upon termination of this Agreement pursuant to Sections 8.1(b)(i) and 8.1(b)(ii), Seller shall be entitled to any remedy which it may have, whether at law or in equity.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

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Effect of Termination; Liabilities. In the event of the termination of this Agreement pursuant to Section 8.1 or Section 8.4 and prior to the Closing, all obligations of the parties hereunder (other than pursuant to Sections 4.8 and 5.1 hereofSection 4.3) shall terminate, and neither Seller nor Buyer shall have any further liability hereunder, including for losses, liabilities, obligations, damages, deficiencies, actions, suits, proceedings, demands, assessments, orders, judgments, costs and expenses (including attorneys' fees) of any kind whatsoever; except upon termination of this Agreement pursuant to Sections 8.1(c)(i) and 8.1(c)(ii), Buyer shall be entitled to any remedy which it may have, whether at law or in equity, and except upon termination of this Agreement pursuant to Sections 8.1(b)(i) and 8.1(b)(ii), Seller shall be entitled to any remedy which it may have, whether at law or in equity.

Appears in 1 contract

Samples: Asset Purchase Agreement (Teltone Corp)

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