Common use of Effect of Termination; Remedies Clause in Contracts

Effect of Termination; Remedies. (a) In the event of termination pursuant to Section 10.1, this Agreement shall become null and void and have no effect (other than Article 10, Article 11, and Article 12, which shall survive termination), with no liability on the part of Seller or Buyer, or their respective Affiliates or Related Persons, with respect to this Agreement, except for (i) the liability of a party for its own expenses pursuant to Section 11.4, (ii) the obligation of Buyer under Section 6.1(a) and (iii) any liability provided for in Section 10.2(b) through Section 10.2(d), inclusive.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Clarus Corp), Asset Purchase Agreement, Asset Purchase Agreement

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Effect of Termination; Remedies. (a) In the event of termination pursuant to Section 10.1SECTION 8.1, this Agreement shall become null and void and have no effect (other than Article 10Articles 8, Article 119, and Article 1210, which shall survive termination), with no liability on the part of Seller the LTV Companies or Buyer, or their respective Affiliates or Related Persons, with respect to this Agreement or any Ancillary Agreement, except for (i) the liability of a party for its own expenses pursuant to Section 11.4, SECTION 10.3; and (ii) the obligation of Buyer under Section 6.1(a) and (iii) any liability provided for in Section 10.2(bSECTION 8.2(b) through Section 10.2(dSECTION 8.2(g), inclusive.

Appears in 2 contracts

Samples: Asset Purchase Agreement (LTV Corp), Asset Purchase Agreement (International Steel Group Inc)

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Effect of Termination; Remedies. (a) In the event of termination pursuant to Section 10.1, this Agreement shall become null and void and have no effect (other than Article 10, Article 11, and Article 12, which shall survive termination), with no liability on the part of Seller or Buyer, or their respective Affiliates or Related Persons, with respect to this Agreement, except for (i) the liability of a party for its own expenses pursuant to Section 11.4, (ii) the obligation of Buyer under Section 6.1(a), (iii) obligations under the Confidentiality Agreement and (iiiiv) any liability provided for in Section 10.2(b) through Section 10.2(d), inclusive.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sturm Ruger & Co Inc)

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