Common use of Effect of Termination or Default; Remedies Clause in Contracts

Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party hereto, provided that such Party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Party from liability for damages actually incurred as a result of such Party’s breach of any term or provision of this Agreement.

Appears in 50 contracts

Samples: Purchase Agreement (Blue Star Foods Corp.), Agreement and Plan of Merger and Reorganization (Brownie's Marine Group, Inc), Stock Purchase Agreement (Blue Star Foods Corp.)

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Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party party hereto, provided that such Party party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Party party from liability for damages actually incurred as a result of such Party’s party's breach of any term or provision of this Agreement.

Appears in 20 contracts

Samples: Agreement and Plan of Merger and Reorganization (Oxford Ventures Inc), Agreement and Plan of Merger (Donobi Inc), Escrow Agreement (Scores Holding Co Inc)

Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party hereto, provided that such Party is a Non-Defaulting Party (as defined below). The foregoing the termination of this Agreement shall not relieve any Party for its fraud or from any liability for damages actually incurred as a result of such Party’s any willful and material breach of any term or provision of this Agreement.

Appears in 9 contracts

Samples: Agreement and Plan of Merger and Reorganization (EZRaider Co.), Agreement and Plan of Merger and Reorganization (Amesite Operating Co), Agreement and Plan of Merger and Reorganization (Amesite Inc.)

Effect of Termination or Default; Remedies. In the event of ------------------------------------------ termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party hereto, provided that such Party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Defaulting Party from liability for damages actually incurred as a result of such Party’s party's breach of any term or provision of this Agreement.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Xceed Inc), Asset Purchase Agreement (Xceed Inc), Asset Purchase Agreement (Xceed Inc)

Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party hereto, provided that such Party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Party from liability for damages actually incurred as a result of such Party’s 's breach of any term or provision of this Agreement.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (High Tide Ventures, Inc.), Agreement and Plan of Merger (Aslahan Enterprises Ltd.), Agreement and Plan of Merger and Reorganization (Alternative Energy Sources Inc)

Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party hereto, provided that such Party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Defaulting Party from liability for damages actually incurred as a result of such Party’s party's breach of any term or provision of this Agreement.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Stateside Fundings Inc), Stock for Stock Exchange Agreement (New York Health Care Inc), Agreement and Plan of Merger (Internet Vip Inc)

Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party party hereto, provided that that, such Party party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Party party from liability for damages actually incurred as a result of such Party’s party's breach of any term or provision of this Agreement.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Elsinore Services Inc), Stock Purchase Agreement (Ariel Way Inc), Stock Purchase Agreement (Medcross Inc)

Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party hereto, provided that such Party is a Nonnon-Defaulting Party (as defined below)defaulting Party. The foregoing shall not relieve any Party from liability for damages actually incurred as a result of such Party’s breach of any term or provision of this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (U.S. Rare Earth Minerals, Inc), Agreement and Plan of Merger (First Harvest Corp.)

Effect of Termination or Default; Remedies. In the event of termination ------------------------------------------ of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party party hereto, provided that such Party party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Party party from liability for damages actually incurred as a result of such Party’s party's breach of any term or provision of this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Delivery Now Corp), Merger Agreement (Delivery Now Corp)

Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party heretohereto to any other Party, after the date of such termination, provided that such Party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Party from liability for damages actually incurred as a result of such Party’s breach of any term or provision of this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Clean Coal Technologies Inc.), Agreement and Plan of Merger and Reorganization (Brain Scientific Inc.)

Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party hereto, provided that such Party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Party from liability for damages actually incurred as a result of such Party’s breach of any term or provision of this Agreement.. 54 8.6

Appears in 1 contract

Samples: HTM Merger Agreement

Effect of Termination or Default; Remedies. In the event of ----------------------------------------------- termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party party hereto, provided that such Party party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Party party from liability for damages actually incurred as a result of such Party’s party's breach of any term or provision of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Heritage Worldwide Inc)

Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party hereto, provided that such Party is a Non-Defaulting Party (as defined in Section 7.6 below). The foregoing shall not relieve any Party from liability for damages actually incurred as a result of such Party’s breach of any term or provision of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Makamer Holdings, Inc.)

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Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party party hereto, provided that such Party party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Party from liability for damages actually incurred as a result of such Partyparty’s breach of any term or provision of this Agreement.. ARTICLE X

Appears in 1 contract

Samples: Share Exchange Agreement (Pineapple Express, Inc.)

Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party party hereto, provided that such Party party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Party party from liability for damages actually incurred as a result of such Partyparty’s breach of any term or provision of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (NovaRay Medical, Inc.)

Effect of Termination or Default; Remedies. In the event of ------------------------------------------ termination of this Agreement as set forth above, or for any other reason prior to a Closing occurring, this Agreement shall forthwith become void and there shall be no liability on the part of any Party heretoparty and each party shall have returned to if any documents, provided that instruments, securities or cash to have been delivered by such Party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Party from liability for damages actually incurred as a result of such Party’s breach of any term or provision of this Agreementparty.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Xceed Inc)

Effect of Termination or Default; Remedies. (a) In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party party hereto, provided that such Party party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Party from liability for damages actually incurred as a result of such Partyparty’s breach of any term or provision of this Agreement.

Appears in 1 contract

Samples: Share Exchange Agreement (Content Checked Holdings, Inc.)

Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party hereto, provided that such Party is a Non-Non Defaulting Party (as defined below). The foregoing shall not relieve any Defaulting Party from liability for damages actually incurred as a result of such Party’s party's breach of any term or provision of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Polish Telephones & Microwave Corp)

Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party party hereto, provided that such Party party is a Non-Defaulting Party (as defined in Section 7.6 below). The foregoing shall not relieve any Party party from liability for damages actually incurred as a result of such Party’s party's breach of any term or provision of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Skylynx Communications Inc)

Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party party hereto, provided that such Party party is a Non-Defaulting Party (as defined below). The foregoing shall not relieve any Party party from liability for damages actually incurred as a result of such Party’s party's breach of any term or provision of this Agreement.. 7.6

Appears in 1 contract

Samples: Agreement and Plan of Merger (Advanced Id Corp)

Effect of Termination or Default; Remedies. In the event of termination of this Agreement as set forth above, this Agreement shall forthwith become void and there shall be no liability on the part of any Party party hereto, provided that that, such Party party is a Non-Defaulting Party (as 31 37 defined below). The foregoing shall not relieve any Party party from liability for damages actually incurred as a result of such Party’s party's breach of any term or provision of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (I Storm Inc)

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