Common use of Effect of Termination; Termination Fee Clause in Contracts

Effect of Termination; Termination Fee. (a) In the event of the termination of this Agreement pursuant to Section 6.1, this Agreement shall forthwith become void and have no effect, without any liability on the part of any party hereto, other than the provisions of Sections 4.14, 6.2, 7.1, 50

Appears in 3 contracts

Samples: Management Investment Agreement (Capital Z Financial Services Fund Ii Lp), Management Investment Agreement (Capital Z Financial Services Fund Ii Lp), Management Investment Agreement (Capital Z Financial Services Fund Ii Lp)

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Effect of Termination; Termination Fee. (a) In the event of the termination of this Agreement pursuant to Section 6.110.01, this Agreement shall forthwith become null and void and have no effect, without any liability Liability on the part of any party Party hereto; provided, other than however, that the last sentence of Section 5.03(b) and the provisions of Sections 4.14Section 5.14, 6.2Section 5.16(c), 7.1, 50this Section 10.02 and Article XI hereof shall survive any termination of this Agreement. The Confidentiality Agreement shall not be affected by a termination of this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Aleris Corp), Purchase and Sale Agreement (Signature Group Holdings, Inc.)

Effect of Termination; Termination Fee. (a) In the event of the termination of If this Agreement is terminated pursuant to Section 6.19.1 hereof, this Agreement shall forthwith become void and have of no effect, without any effect with no liability on the part of any party hereto, other than except that the provisions agreements contained in Sections 9.4(b), 9.4(c) and 10.4 hereof shall survive the termination hereof and except that no such termination shall relieve any party from liability for breach of Sections 4.14, 6.2, 7.1, 50this Agreement or failure by it to perform its obligations hereunder.

Appears in 2 contracts

Samples: Plan of Reorganization and Agreement and Plan of Merger (Landcare Usa Inc), Plan of Reorganization and Agreement and Plan of Merger (Servicemaster Co)

Effect of Termination; Termination Fee. (a) In the event of the termination of this Agreement pursuant to Section 6.18.1, this Agreement shall forthwith become void terminate and henceforth have no effect, without any liability or obligation on the part of any either party hereto, other than except that the provisions of Sections 4.14the last sentence of Section 6.5 (Confidentiality), 6.2Section 6.10 (Fees and Expenses), 7.1this Section 8.2 and Section 9 shall remain in full force and effect, 50and except that no such termination shall relieve any party from liability for breach of this Agreement or failure by it to perform its obligations hereunder.

Appears in 2 contracts

Samples: Reorganization Agreement (Lauder Ronald S), Reorganization Agreement (Central European Media Enterprises LTD)

Effect of Termination; Termination Fee. (a) In the event of the termination and abandonment of this Agreement pursuant to Section 6.1, this Agreement shall forthwith become void and have no effect, without any liability on the part of any party hereto, other than pursuant to the provisions of Sections 4.14, 6.2, 7.1, 50set forth in Section 6.2(b) and Section 6.3 hereof.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Paulson Allen E), Agreement and Plan of Merger (Riviera Holdings Corp)

Effect of Termination; Termination Fee. (a) In the event of the termination and abandonment of this Agreement pursuant to Section 6.1, this Agreement shall forthwith become void and have no effect, without any liability on the part of any party hereto, other than pursuant to the provisions of Sections 4.14set forth in Section 6.2(b), 6.2, 7.1, 50Section 6.2(c) and Section 6.3 hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Elsinore Corp)

Effect of Termination; Termination Fee. (a) In the event of the termination of If this -------------------------------------- Agreement is terminated pursuant to Section 6.110.01, this Agreement shall forthwith become void and have of no effect, without any effect with no liability on the part of any party hereto, other than except that the provisions agreements contained in Sections 7.01, and 11.04 shall survive the termination hereof, and except that no such termination shall relieve any party from liability for breach of Sections 4.14, 6.2, 7.1, 50this Agreement or failure by it to perform its obligations hereunder.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Communications Central Inc)

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Effect of Termination; Termination Fee. (a) In the event of the termination of this Agreement pursuant to Section 6.1, this Agreement shall forthwith become void and have no effect, without any liability on the part of any party hereto, other than the provisions of Sections 4.14, 6.2, 7.1, 507.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.9, 7.10 and 7.11, which shall survive any such termination. Nothing contained in this Section 6.2 shall relieve any party from liability for any willful breach of this Agreement.

Appears in 1 contract

Samples: Management Investment Agreement (Aames Financial Corp/De)

Effect of Termination; Termination Fee. (a) In the event of the termination of If this Agreement is terminated pursuant to Section 6.19.01 hereof, this Agreement shall forthwith become void and have of no effect, without any effect with no liability on the part of any party hereto, other than except that the provisions agreements contained in Sections 5.08, 6.01, 9.03(b), 9.03(c), 10.05 and 10.07 hereof shall survive the termination hereof and except that no such termination shall relieve any party from liability for breach of Sections 4.14, 6.2, 7.1, 50this Agreement or failure by it to perform its obligations hereunder.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Davel Communications Group Inc)

Effect of Termination; Termination Fee. (a) In the event of the termination of If this Agreement is terminated pursuant to Section 6.110.01, this Agreement shall forthwith become void and have of no effect, without any effect with no liability on the part of any party hereto, other than except that the provisions agreements contained in Sections 7.01, and 11.04 shall survive the termination hereof, and except that no such termination shall relieve any party from liability for breach of Sections 4.14, 6.2, 7.1, 50this Agreement or failure by it to perform its obligations hereunder.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Davel Communications Group Inc)

Effect of Termination; Termination Fee. (a) In the event of the termination of this Agreement pursuant to Section 6.17.1, the rights and obligations of the parties under this Agreement shall forthwith become void terminate, except for the obligations in the confidentiality provisions of Section 4.2, and have all of the provisions of this Section 7.2, Section 7.3, Section 7.4 and ARTICLE 8, and there shall be no effect, without any other liability on the part of any party hereto; provided, other than the provisions however, that no party hereto shall be relieved or released from any liabilities or damages arising out of Sections 4.14, 6.2, 7.1, 50its willful breach of any provision of this Agreement.β€Œ

Appears in 1 contract

Samples: Agreement of Merger

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