Common use of Effect of Termination Prior to Closing Clause in Contracts

Effect of Termination Prior to Closing. If Closing does not occur as a result of any Party exercising its right to terminate pursuant to Section 9.1, then no Party shall have any further rights or obligations under this Agreement, except that (i) nothing herein shall relieve any Party from any liability for any willful breach of this Agreement, and (ii) the provisions of ARTICLE XI shall survive any termination of this Agreement.

Appears in 8 contracts

Samples: Contribution Agreement, Contribution Agreement, Contribution Agreement

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Effect of Termination Prior to Closing. If Closing does not occur as a result of any Party exercising its right to terminate pursuant to Section 9.1, then no Party shall have any further rights or obligations under this Agreement, except that (i) nothing herein shall relieve any Party from any liability for any willful breach of this Agreement, and (ii) the provisions of ARTICLE Section 6.3(c) and Article XI shall survive any termination of this Agreement.

Appears in 4 contracts

Samples: Contribution Agreement (DCP Midstream Partners, LP), Contribution and Sale Agreement (DCP Midstream Partners, LP), Contribution Agreement (DCP Midstream Partners, LP)

Effect of Termination Prior to Closing. If Closing does not occur as a result of any Party party exercising its right to terminate pursuant to Section 9.113.1, then no Party party shall have any further rights or obligations under this Agreement, except that (ia) nothing herein shall relieve any Party party from any liability for fraud or any willful breach of this Agreement, and (iib) the provisions of ARTICLE XI Article XII shall survive any termination of this Agreement. [Signature Page Follows.]

Appears in 2 contracts

Samples: Contribution and Simplification Agreement (Oasis Midstream Partners LP), Contribution and Simplification Agreement (Oasis Petroleum Inc.)

Effect of Termination Prior to Closing. If Closing does not occur as a result of any Party exercising its right to terminate pursuant to Section 9.1, then no Party shall have any further rights or obligations under this Agreement, except that that (i) nothing herein shall relieve any Party from any liability for any willful breach of this Agreement, and (ii) the provisions of ARTICLE XI shall survive any termination of this Agreement.

Appears in 1 contract

Samples: Contribution Agreement

Effect of Termination Prior to Closing. If Closing does not occur as a result of any Party exercising its right to terminate pursuant to Section 9.1, then no Party shall have any further rights or obligations under this Agreement, except that (i) nothing herein shall relieve any Party from any liability for any willful breach of this Agreement, and (ii) the provisions of ARTICLE XI shall survive any termination of this Agreement.. Table of Contents ARTICLE X

Appears in 1 contract

Samples: Contribution Agreement (DCP Midstream Partners, LP)

Effect of Termination Prior to Closing. If Closing does not occur as a result this Agreement is terminated pursuant to Section 8.01 above, all rights and obligations of the Parties hereunder shall terminate without any Liability on the part of any Party, except for (i) any liability of any Party exercising its right to terminate pursuant to Section 9.1then in breach of any representations, then no Party shall have any further rights warranties, covenants or obligations under this Agreementobligations, except that or (iii) nothing herein shall relieve any Party from any liability for any willful breach of this Agreement, and (ii) the provisions of ARTICLE XI shall survive any termination of this Agreementexpenses due under Section 7.01.

Appears in 1 contract

Samples: Stock Purchase Agreement (Middlefield Banc Corp)

Effect of Termination Prior to Closing. If Closing does not occur as a result of any Party exercising its right to terminate pursuant to Section 9.1, then no Party shall have any further rights or obligations under this Agreement, except that (i) nothing herein shall relieve any Party from any liability for any willful breach of this Agreement, and (ii) the provisions of ARTICLE Section 6.3(c) and Article XI shall survive any termination of this Agreement.. ARTICLE X INDEMNIFICATION 10.1

Appears in 1 contract

Samples: Contribution Agreement

Effect of Termination Prior to Closing. If Closing does not occur as a result of any Party exercising its right to terminate pursuant to Section 9.110.1, then no Party shall have any further rights or obligations under this Agreement, except that (ia) nothing herein shall relieve any Party from any liability for fraud or any willful breach of this Agreement, and (iib) the provisions of ARTICLE XI Article IX shall survive any termination of this Agreement. [Signature Page Follows.]

Appears in 1 contract

Samples: Contribution Agreement (Oasis Petroleum Inc.)

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Effect of Termination Prior to Closing. If Closing does not occur as a result In the event of any Party exercising its right to terminate pursuant to Section 9.1, then no Party shall have any further rights or obligations under this Agreement, except that (i) nothing herein shall relieve any Party from any liability for any willful breach of this Agreement, and (ii) the provisions of ARTICLE XI shall survive any termination of this AgreementAgreement in accordance with Section 10.1, this Agreement shall thereafter become void and have no effect (and each Party shall be responsible for its own costs, expenses and fees), and no party hereto shall any liability to the other party hereto or their respective Affiliates, or their respective directors, officers or employees, except for the obligations of the parties hereto contained in Section 8.3 (Confidentiality), this Section 10.2 and in Article XI (and any related definitional provisions set forth in Article I).

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Progenics Pharmaceuticals Inc)

Effect of Termination Prior to Closing. If Closing does not occur as a result of any Party exercising its right to terminate pursuant to Section 9.1, then no Party shall have any further rights or obligations under this Agreement, except that (i) nothing herein shall relieve any Party from any liability for any willful breach of this Agreement, and (ii) the provisions of ARTICLE XI shall survive any termination of this Agreement.. ARTICLE X INDEMNIFICATION 10.1

Appears in 1 contract

Samples: Contribution Agreement

Effect of Termination Prior to Closing. If Closing does not occur as a result of any Party exercising its right to terminate pursuant to Section 9.111.1, then no Party shall have any further rights or obligations under this Agreement, except that (i) nothing herein shall relieve any Party from any liability for any willful breach of this Agreement, and (ii) the provisions of ARTICLE XI Article 14 shall survive any termination of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (DCP Midstream Partners, LP)

Effect of Termination Prior to Closing. If Closing does not occur as a result of any Party exercising its right to terminate pursuant to Section 9.111.1, then no Party shall have any further rights or obligations under this Agreement, except that that (i) nothing herein shall relieve any Party from any liability for any willful breach of this Agreement, and (ii) the provisions of ARTICLE XI Article 14 shall survive any termination of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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