Common use of Effect on Obligations Clause in Contracts

Effect on Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunder; provided, however, that termination pursuant to paragraph (b) of Section 8.01 shall not relieve any party that breached its covenants or agreements contained herein or in any related agreement from any liability to the other party hereto by reason of such breach.

Appears in 4 contracts

Samples: Assignment and Assumption Agreement (Espeed Inc), Assignment and Assumption Agreement (Espeed Inc), Assignment and Assumption Agreement (Espeed Inc)

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Effect on Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunder; provided, howeverexcept for the obligations under Sections 12.8 and 12.11 hereof and the obligations set forth in the next succeeding sentence of this Section 10.2. Upon any termination of this Agreement each party hereto will redeliver all documents, that termination pursuant to paragraph (b) work papers and other material of Section 8.01 shall not relieve any other party that breached its covenants or agreements contained herein or in any related agreement from any liability relating to the other party hereto by reason transactions contemplated hereby, and all copies of such breachmaterials, whether so obtained before or after the execution hereof, to the party furnishing the same.

Appears in 4 contracts

Samples: Plan and Agreement of Reorganization (Castle Dental Centers Inc), Asset Purchase Agreement (Castle Dental Centers Inc), Asset Purchase Agreement (Castle Dental Centers Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunder; provided, however, that termination pursuant to paragraph (b) of Section 8.01 9.1 shall not relieve any party that breached its covenants or agreements contained herein or in any related agreement from any liability to the other party hereto by reason of such breach.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Espeed Inc), Assignment and Assumption Agreement (Espeed Inc), Assignment and Assumption Agreement (Espeed Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunder, except for the obligations under Sections 16.3 (with respect to expenses), 16.4 (with respect to publicity) and 7.1 (with respect to confidentiality); providedPROVIDED, howeverHOWEVER, that termination pursuant to paragraph subparagraphs (b) or (c) of Section 8.01 14.1 shall not relieve any the defaulting or breaching party that breached its covenants or agreements contained herein or in any related agreement from any liability to the other party hereto by reason of such breachhereto.

Appears in 3 contracts

Samples: Powder Metal Stock Purchase Agreement (Sinter Metals Inc), Krebsoge Stock Purchase Agreement (Sinter Metals Inc), Powder Metal Stock Purchase Agreement (Sinter Metals Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunder; provided, howeverexcept for (i) Sections 13.1, that 13.2, 13.9, 13.10 and 13.11 and Buyer’s remedies under Article XII hereof. Upon any termination pursuant to paragraph (b) of Section 8.01 shall not relieve this Agreement each party hereto will redeliver all documents, work papers and other material of any other party that breached its covenants or agreements contained herein or in any related agreement from any liability relating to the other party hereto by reason transactions contemplated hereby, and all copies of such breachmaterials, whether so obtained before or after the execution hereof, to the party furnishing the same.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Teletouch Communications Inc), Asset Purchase Agreement (Teletouch Communications Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article XI shall terminate all obligations of the parties hereunder, except for the obligations under Sections 7.4, 11.4, 13.6, 13.7 and 13.10; provided, however, however that termination pursuant to paragraph (b) of Section 8.01 Sections 11.2 or 11.3 shall not relieve any defaulting or breaching party that breached its covenants or agreements contained herein or in any related agreement parties from any liability to the other party hereto by reason of such breachparties hereto.

Appears in 2 contracts

Samples: Agreement of Stock Purchase and Sale (Swander Pace Capital LLC), Agreement of Stock Purchase and Sale (Silverado Foods Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article shall will terminate all obligations of the parties hereunder; , provided, however, that termination pursuant to paragraph clause (b) of Section 8.01 shall 11.1 hereof will not relieve any defaulting or breaching party that breached its covenants or agreements contained herein or in any related agreement from any liability to the other party hereto by reason hereto, and provided, further, that the provisions of such breachthis Section 11.2 and Article XII will survive termination of this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Aetrium Inc), Asset Purchase Agreement (Aetrium Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article Section 10.1 hereof shall terminate all obligations of the parties hereunder; provided, however, that termination pursuant to paragraph (b) of Section 8.01 shall not relieve any party that breached its covenants or agreements contained herein or in any related agreement from any liability to the other party hereto by reason of such breachexcept for their obligations under Article XI and Article XII hereof and Sections 6.2 and 7.2 hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Inovio Biomedical Corp)

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Effect on Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunder; provided, howeverexcept for (i) the obligations under Section 13.2 hereof and (ii) the obligations set forth in the next succeeding sentence of this Section 13.3. Upon any termination of this Agreement, that termination pursuant to paragraph (b) each party hereto will redeliver all documents, work papers and other materials of Section 8.01 shall not relieve any other party that breached its covenants or agreements contained herein or in any related agreement from any liability relating to the other party hereto by reason transactions contemplated hereby, and all copies of such breachmaterials, whether so obtained before or after the execution hereof, to the party furnishing the same.

Appears in 1 contract

Samples: Stock Purchase Agreement (Aviation Group Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunder; provided, howeverexcept for the obligations under Sections 18.7 and 18.10 hereof and the obligations set forth in the next succeeding sentence of this Section 16.2 and except as to any default or breach of this Agreement by any party. Upon any termination of this Agreement each party hereto shall return all documents, that termination pursuant to paragraph (b) work papers and other material of Section 8.01 shall not relieve any other party that breached its covenants or agreements contained herein or in any related agreement from any liability relating to the other party hereto by reason transactions contemplated hereby, and all copies of such breachmaterials, whether so obtained before or after the execution hereof, to the party furnishing the same.

Appears in 1 contract

Samples: Master Contribution and Combination Agreement (Castle Dental Centers Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article XI shall terminate all obligations of the parties hereunder; provided, howeverexcept for the obligations under Sections 13.8 and 13.11 hereof and the obligations set forth in the next succeeding sentence of this Section 11.2. Upon any termination of this Agreement each party hereto will redeliver all documents, that termination pursuant to paragraph (b) workpapers and other material of Section 8.01 shall not relieve any other party that breached its covenants or agreements contained herein or in any related agreement from any liability relating to the other party hereto by reason transactions contemplated hereby, and all copies of such breachmaterials, whether so obtained before or after the execution hereof, to the party originally furnishing the same.

Appears in 1 contract

Samples: Asset Purchase Agreement (Marsh & McLennan Companies Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunder; provided, howeverexcept for (i) the obligations under Section 12.2 hereof and (ii) the obligations set forth in the next succeeding sentence of this Section 12.3. Upon any termination of this Agreement, that termination pursuant to paragraph (b) of Section 8.01 shall not relieve any party that breached its covenants or agreements contained herein or in any related agreement from any liability to the other each party hereto by reason of such breach.will redeliver all documents, work papers and

Appears in 1 contract

Samples: Stock Purchase Agreement (Aviation Group Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunder; provided, howeverexcept for (i) the obligations under SECTION 12.2 hereof and (ii) the obligations set forth in the next succeeding sentence of this SECTION 12.3. Upon any termination of this Agreement, that termination pursuant to paragraph (b) each party hereto will redeliver all documents, work papers and other materials of Section 8.01 shall not relieve any other party that breached its covenants or agreements contained herein or in any related agreement from any liability relating to the other party hereto by reason transactions contemplated hereby, and all copies of such breachmaterials, whether so obtained before or after the execution hereof, to the party furnishing the same.

Appears in 1 contract

Samples: Stock Purchase Agreement (Aviation Group Inc)

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