Common use of Effect of Termination; Remedies Clause in Contracts

Effect of Termination; Remedies. (a) If this Agreement is terminated pursuant to any of Section 8.1(a), by Buyer pursuant to Section 8.1(b), Section 8.1(c), Section 8.1(e) or Section 8.1(f), then the Escrow Agent shall return the Buyer’s Deposit to Buyer within two Business Days after such termination.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Tops PT, LLC), Asset Purchase Agreement (Penn Traffic Co)

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Effect of Termination; Remedies. (a) If this Agreement is terminated pursuant to any of Section 8.1(a), by Buyer pursuant to Section 8.1(b), Section 8.1(c), Section 8.1(e) or ), Section 8.1(f) and Section 8.1(h), then the Escrow Agent then, within two Business Days after such termination, Seller shall return the Buyer’s Deposit to Buyer within two Business Days after such terminationBuyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Penn Traffic Co)

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Effect of Termination; Remedies. (a) If this Agreement is terminated pursuant to any of Section 8.1(a), by Buyer pursuant to Section 8.1(b), Section 8.1(c), Section 8.1(e) or ), Section 8.1(f), then the Escrow Agent Section 8.1(g) and Section 8.1(h), then, within two Business Days after such termination, Seller shall return the Buyer’s Deposit to Buyer within two Business Days after such terminationBuyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Penn Traffic Co)

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