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 Petroleum Inc.), Contribution and Simplification Agreement (Oasis 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 9.1, 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.that

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 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 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 (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.that

Appears in 1 contract

Samples: Purchase and Sale 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.. ARTICLE X INDEMNIFICATION 10.1

Appears in 1 contract

Samples: Contribution Agreement

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