Common use of Effect of Valid Termination Clause in Contracts

Effect of Valid Termination. If this Agreement is validly terminated pursuant to Section 8.1, there will be no liability or obligation hereunder on the part of either Party or any of their respective Affiliates, except as provided herein, provided, however, that Article I, Sections 5.7, 5.8, 8.2, 9.4, and Article X (other than Section 10.11) will survive any such termination.

Appears in 2 contracts

Samples: Asset Purchase Agreement (General Cannabis Corp), Asset Purchase Agreement (General Cannabis Corp)

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Effect of Valid Termination. If this Agreement is validly terminated pursuant to Section 8.1β€Ž8.1, there will be no liability or obligation hereunder on the part of either Party or any of their respective Affiliates, except as provided herein, provided, however, that Article I, Sections 5.7, 5.8, 8.2, 9.4Section β€Ž8.2, and Article X (other than Section 10.11) will survive any such termination.

Appears in 1 contract

Samples: Asset Purchase Agreement (Panacea Life Sciences Holdings, Inc.)

Effect of Valid Termination. (a) If this Agreement is validly terminated pursuant to Section 8.1, there will be no liability or obligation hereunder on the part of either Party or any of their respective Affiliates, except as provided hereinherein other than that described in Section 2.2(a) above, provided, however, that Article I, Sections 5.7, 5.8, 8.2, 8.2 and 9.4, and Article X (other than Section 10.11) will survive any such termination.

Appears in 1 contract

Samples: Asset Purchase Agreement (TREES Corp (Colorado))

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Effect of Valid Termination. If this Agreement is validly terminated pursuant to Section 8.1, there will be no liability or obligation hereunder on the part of either Party or any of their respective Affiliates, except as provided herein, provided, however, that Article I, Sections 5.7, 5.8, Section 8.2, 9.4, and Article X (other than Section 10.11) will survive any such termination.

Appears in 1 contract

Samples: Asset Purchase Agreement (Panacea Life Sciences Holdings, Inc.)

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