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

Effect of Termination; Termination Fees. (a) In the event that this Agreement is terminated as provided in Section 9.1, then this Agreement shall forthwith become null and void and of no further force and effect (except for the provisions of Section 6.4(e), this Section 9.3, Article X, Section 11.3, Section 11.5, Section 11.6 and Exhibit A) and each of the Parties shall be relieved of its duties and obligations arising under this Agreement after the date of such termination and the Parties shall have no further Liability hereunder (except pursuant to Section 6.4(e), this Section 9.3 and Section 11.6); provided, subject to Section 9.3(d), that nothing in this Section 9.3 shall relieve Sellers of any Liability for fraud or a willful breach of this Agreement.

Appears in 3 contracts

Samples: Purchase Agreement (Tallgrass KC, LLC), Purchase Agreement (Tallgrass Holdings, LLC), Purchase Agreement (Kelso GP VIII, LLC)

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Effect of Termination; Termination Fees. (a) In the event that this Agreement is terminated as provided in Section 9.1, then this Agreement shall forthwith become null and void and of no further force and effect (except for the provisions of Section 6.4(e), this Section 9.3, Article X, Section 11.3, Section 11.5, Section 11.6 and Exhibit A) and each of the Parties shall be relieved of its duties and obligations arising under this Agreement after the date of such termination and the Parties shall have no further Liability hereunder (except pursuant to Section 6.4(e), this Section 9.3 and Section 11.6); provided, (subject to Section 9.3(d), ) that nothing in this Section 9.3 shall relieve Sellers Seller of any Liability for fraud or a willful breach of this Agreement.

Appears in 2 contracts

Samples: Purchase Agreement (HP Bulk Storage Manager, LLC), Purchase Agreement (Sprague Resources Holdings LLC)

Effect of Termination; Termination Fees. (a) In the event that this Agreement is terminated as provided in Section 9.18.1, then this Agreement shall forthwith become null and void and of no further force and effect (except for the provisions of Article I, Section 6.4(e6.7(a), Section 6.7(b), Section 6.8, this Section 9.3, Article X8.2, Section 11.39.2(a), Section 11.59.6, Section 11.6 9.7, Section 9.8, Section 9.9, and Exhibit A) Section 9.11), and each of the Parties shall be relieved of its duties and obligations arising under this Agreement after the date of such termination and the Parties shall have no further Liability hereunder (except pursuant to Section 6.4(e6.7(a), Section 6.7(b), this Section 9.3 8.2 and Section 11.69.8); provided, subject to Section 9.3(d8.2(e), that nothing in this Section 9.3 8.2 shall relieve Sellers any Party of any Liability for fraud or a willful breach of this Agreement.

Appears in 1 contract

Samples: Transaction Agreement (Landmark Infrastructure Partners LP)

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Effect of Termination; Termination Fees. (a) In the event that this Agreement is terminated as provided in Section 9.18.1, then this Agreement shall forthwith become null and void and of no further force and effect (except for the provisions of Article I, Section 6.4(e6.7(a), Section 6.7(b), Section 6.8, Section 6.17 this Section 9.3, Article X8.2, Section 11.39.6, Section 11.59.7, Section 11.6 9.8, Section 9.9, and Exhibit A) Section 9.11), and each of the Parties shall be relieved of its duties and obligations arising under this Agreement after the date of such termination and the Parties shall have no further Liability hereunder (except pursuant to Section 6.4(e6.7(a), Section 6.7(b), Section 6.17, this Section 9.3 8.2 and Section 11.69.8); provided, subject to Section 9.3(d8.2(e), that nothing in this Section 9.3 8.2 shall relieve Sellers any Party of any Liability for fraud or a willful breach of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tallgrass Energy, LP)

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