Common use of Effect of Termination or Abandonment Clause in Contracts

Effect of Termination or Abandonment. If for any reason the transactions contemplated hereby are terminated or abandoned pursuant to Section 9.2 hereof, all written schedules and other information and all copies of material from the books and records of any party heretofore furnished to any other party shall be returned promptly to the party furnishing the same and, in such event, the provisions of this Agreement relating to confidential information shall survive the termination of this Agreement and the abandonment of the reorganization.

Appears in 3 contracts

Samples: Stock Acquisition Agreement and Plan of Merger (Ixc Communications Inc), Agreement and Plan of Merger (Network Long Distance Inc), Stock Acquisition Agreement and Plan of Merger (Network Long Distance Inc)

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Effect of Termination or Abandonment. If for any reason the transactions contemplated hereby are terminated or abandoned pursuant to Section 9.2 hereofshall not become effective, all written schedules Schedules and other information and all copies of material from the books and records of any party heretofore furnished to any other party shall be returned promptly to the party furnishing the same and, in such event, the provisions of this Agreement relating to confidential information as set forth in Sections 6.9 and 7.2 shall survive the termination of this Agreement and the abandonment of this Agreement and the reorganizationtransactions contemplated hereby.

Appears in 2 contracts

Samples: Employment Agreement (Michael Foods Inc), Employment Agreement (Michael Foods Inc)

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Effect of Termination or Abandonment. If for any reason the transactions contemplated hereby are terminated or abandoned pursuant to Section 9.2 hereofshall not become effective, all written schedules and other information and all copies of material from the books and records of any party heretofore furnished to any other party shall be returned promptly to the party furnishing the same and, in such event, the provisions of this Agreement relating to confidential information shall survive the termination of this Agreement and the abandonment of the reorganization.

Appears in 2 contracts

Samples: Stock Acquisition Agreement (Network Long Distance Inc), Stock Acquisition Agreement (Stockwalk Com Group Inc)

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