Common use of Effect of Termination or Breach Clause in Contracts

Effect of Termination or Breach. If this Agreement is terminated in accordance with Section 9.1 hereof and the transactions contemplated hereby are not consummated, this Agreement shall become null and void and of no further force and effect, except (i) for this Section 9.2 and for the provisions of Sections 1.3, 6.10, 9.3, 10.1, 10.4, 10.8 and 10.9 (which shall survive), and (ii) that the termination of this Agreement for any cause shall not relieve any party hereto from any liability which at the time of termination had already accrued to any other party hereto or which thereafter may accrue in respect of any act or omission of such party prior to such termination.

Appears in 3 contracts

Samples: Preferred Stock Purchase Agreement (Williams Controls Inc), Preferred Stock Purchase Agreement (Williams Controls Inc), Preferred Stock Purchase Agreement (Williams Controls Inc)

AutoNDA by SimpleDocs

Effect of Termination or Breach. If this Agreement is terminated in accordance with Section 9.1 SECTION 0 hereof and the transactions contemplated hereby are not consummated, this Agreement shall become null and void and of no further force and effect, except (i) for this Section 9.2 and SECTION 0, (ii) for the provisions of Sections 1.3SECTIONS 0, 6.10, 9.3, 10.1, 10.4, 10.8 0 and 10.9 (which shall survive)0 hereof, and (iiiii) that the termination of this Agreement for any cause shall not relieve any party hereto from any liability which at the time of termination had already accrued to any other party hereto or which thereafter may accrue in respect of any act or omission of such party prior to such termination.

Appears in 1 contract

Samples: Asset Purchase Agreement (Questron Technology Inc)

Effect of Termination or Breach. If this Agreement is terminated in accordance with Section 9.1 11.1 hereof and the transactions contemplated hereby are not consummated, this Agreement shall become null and void and of no further force and effect, except (i) for this Section 9.2 and 11.3, (ii) for the provisions of Sections 1.3, 6.10, 9.3, 10.1, 10.4, 10.8 13.1 and 10.9 (which shall survive)13.7 hereof, and (iiiii) that the termination of this Agreement for any cause shall not relieve any party hereto from any liability which at the time of termination had already accrued to any other party hereto or which thereafter may accrue in respect of any act or omission of such party prior to such termination, except the sole and exclusive remedy of Sellers shall be their recovery of the amounts specified in the Deposit pursuant to Section 3.3 as liquidated damages.

Appears in 1 contract

Samples: Asset Purchase Agreement (Childtime Learning Centers Inc)

AutoNDA by SimpleDocs

Effect of Termination or Breach. If this Agreement is terminated in accordance with Section 9.1 hereof and the transactions contemplated hereby are not consummated, consummated this Agreement shall become null and void and of no further force and effect, except (i) for the obligations of the Parties contained in this Section 9.2 10.3 and for the provisions of in Sections 1.3, 6.10, 9.3, 10.1, 10.4, 10.8 10.2(e) and 10.9 (which shall survive)10.2(f) hereof, and (ii) except that the termination of this Agreement for any cause shall not relieve any party hereto from any liability which at the time of termination had already accrued to any other party hereto or which thereafter may accrue in respect of any act or omission of such party prior to such termination.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tc Global, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.