Common use of Effect of Termination; Right to Proceed Clause in Contracts

Effect of Termination; Right to Proceed. (a) In the event of termination of this Agreement by the Seller, on the one hand, or the Purchaser, on the other hand, as provided in Section 6.1, this Agreement forthwith shall become null and void and there shall be no liability on the part of the Seller or the Purchaser, except that upon termination of this Agreement pursuant to:

Appears in 2 contracts

Samples: Stock Purchase Agreement (American Vantage Companies), Stock Purchase Agreement (Asta Funding Inc)

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Effect of Termination; Right to Proceed. (a) In the event of termination of this Agreement by the Seller, on the one hand, or the Purchaser, on the other hand, as provided in Section 6.1, this Agreement forthwith shall become null and void and there shall be no liability on the part of the Seller Seller, the Purchaser or the PurchaserParent, except that upon termination of this Agreement pursuant to:

Appears in 1 contract

Samples: Stock Purchase Agreement (Pick Communications Corp)

Effect of Termination; Right to Proceed. (a) In the event of termination of this Agreement by either Sellers and the SellerCompany, on the one hand, or the Parent and Purchaser, on the other hand, as provided in Section 6.17.1, this Agreement forthwith shall become null and void and there shall be no liability on the part of Sellers, the Seller Company, Purchaser or the PurchaserParent, except that upon termination of this Agreement pursuant to:

Appears in 1 contract

Samples: Stock Purchase Agreement (Lund International Holdings Inc)

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Effect of Termination; Right to Proceed. (a) In the event of termination of this Agreement by the SellerSellers, on the one hand, or the Purchaser, on the other hand, as provided in Section 6.1, this Agreement forthwith shall become null and void and there shall be no liability on the part of the Seller Sellers or the Purchaser, except that upon termination of this Agreement pursuant to:

Appears in 1 contract

Samples: Stock Purchase Agreement (Asta Funding Inc)

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