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, 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 will terminate all obligations of the parties hereunder; , provided, however, that termination pursuant to paragraph clause (b) of Section 8.01 shall 12.1 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 12.2 and Article XIII 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 XI shall terminate all obligations of the parties hereunder, except for their obligations under Sections 12.10 and 12.12; provided, however, that termination pursuant to paragraph clause (b) of Section 8.01 11.01 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 2 contracts

Samples: Contribution and Assumption Agreement (Spectrum Group International, Inc.), Contribution and Assumption Agreement (Spectrum Group International, Inc.)

Effect on Obligations. Termination of this Agreement pursuant to this Article 8 shall terminate all obligations of the parties hereunder; provided, however, that termination pursuant to paragraph clauses (bC) or (D) of Section 8.01 8.1 shall not relieve any 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 breachparties hereto.

Appears in 2 contracts

Samples: Merger Agreement (Commodore Applied Technologies Inc), Merger Agreement (Commodore Applied Technologies 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 VIII shall terminate all obligations of the parties hereunder, except for the obligations under Sections 9.11, 9.12 and 9.13 and this Section 8.02; provided, however, that termination pursuant to paragraph nothing shall relieve the defaulting or breaching party (bwhether or not it is the terminating party) 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 breachhereto.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Applied Cellular Technology Inc), Purchase and Sale Agreement (Intellesale Com Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunder, except for the obligation under Sections 3.12 and 4.5; provided, however, that termination pursuant to paragraph (b) of Section 8.01 paragraphs 9.1c or d hereof shall not relieve any defaulting 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 breachparties hereto.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Berry Petroleum Co), Purchase and Sale Agreement (Berry Petroleum Co)

Effect on Obligations. Termination of this Agreement pursuant to this Article VIII shall terminate all obligations of the parties hereunder, except for their obligations under Section 11.06 and 11.13; providedPROVIDED, howeverHOWEVER, that termination pursuant to paragraph clause (b) or (c) of Section 8.01 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 1 contract

Samples: Stock Purchase Agreement (Alvey Systems Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunderhereunder and this Agreement shall become void and have no effect without any liability on the part of any party or the respective shareholders, directors or officers in respect thereof, except for the obligations under Sections 4.10 and Article 5 hereof; provided, however, that termination pursuant to paragraph clauses (b) or (c) of Section 8.01 -------- ------- 8.1 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 1 contract

Samples: Asset Purchase Agreement (Research Engineers Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article V shall terminate all obligations of the parties hereunder, except for their obligations under Sections 1.06,6.01 and 6.10 hereof; provided, however, that termination pursuant to paragraph clause (b) of Section 8.01 5.01 hereof 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 1 contract

Samples: Equipment Purchase Agreement (Universal Holdings Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article VII shall terminate all obligations of the parties hereunder, except for their obligations under Sections 5.3, 9.6 and 9.11; provided, however, that termination pursuant to paragraph (bSection 7.1(b) of Section 8.01 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 1 contract

Samples: Stock Purchase Agreement (General Magic Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article Section 11.1 hereof shall terminate all obligations of the parties hereunder, except for their obligations under Article XII hereof and Sections 7.6 and 8.6 hereof; provided, however, that termination pursuant to paragraph (bSection 11.1(c) hereof by reason of Section 8.01 a material breach by any Person of such Person’s obligations hereunder shall not relieve any party that breached its covenants or agreements contained herein or in any related agreement such Person from any liability Liability arising from or related to the other party hereto by reason of such breachbreach under Article XII hereof or otherwise.

Appears in 1 contract

Samples: Asset Purchase Agreement (Inovio Biomedical Corp)

Effect on Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunder; hereunder provided, however, that termination pursuant to paragraph clause (b) or of Section 8.01 9.01 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 1 contract

Samples: Asset Purchase Agreement (Accom Inc)

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Effect on Obligations. Termination of this Agreement pursuant to this Article 11 shall terminate all further obligations of the parties hereunder, except for the obligations under Article 13 and Article 14 hereof and under the Confidentiality Agreement; provided, however, that termination pursuant to paragraph (bsection 11.1(c) by reason of Section 8.01 a default under or breach of any covenant or agreement, or by reason of a failure of a representation to be true in any material respect, 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 breachhereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tessco Technologies Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article VIII shall terminate all obligations of the parties hereunder, except for the obligations under Sections 9.11, 9.12 and 9.13, the last sentence of Section 4.03 and this Section 8.02; provided, however, that termination pursuant to paragraph nothing shall relieve the defaulting or breaching party (bwhether or not it is the terminating party) 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 breachhereto.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Gulfstream Aerospace Corp)

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 12.2, 12.11 and 12.12 hereof; provided, however, that termination pursuant to paragraph clause (b) or (c) of Section 8.01 11.1 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 1 contract

Samples: Stock Purchase Agreement (Hickory Tech Corp)

Effect on Obligations. Termination of this Agreement pursuant to this Article Section 8.1 shall terminate all obligations of the parties hereunder, except for their obligations under Section 10.9 and under the Confidentiality Agreement; provided, however, that termination pursuant to paragraph (bSection 8.1(c) by reason of Section 8.01 a breach of any covenant or agreement shall not relieve any the breaching party that breached its covenants (whether or agreements contained herein or in any related agreement not it is the terminating party) from any liability to the other party hereto by reason of arising from or related to such breach.

Appears in 1 contract

Samples: Agreement and Plan of Recapitalization (International Knife & Saw 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 breachArticle XII will survive termination of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Discus Acquisition Corp)

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 3.11, 5.5 and 6.5 hereof; provided, however, that termination pursuant to paragraph clauses (bc) or (e) of Section 8.01 9.1 hereof shall not relieve any defaulting 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 breachparties hereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Energy Ventures Inc /De/)

Effect on Obligations. Termination of this Agreement pursuant to this Article Section 7.02 shall terminate all obligations of the parties to each other hereunder; , except for the obligations under Sections 7.04 and Article XIII and, provided, however, that notwithstanding the foregoing, the termination of this Agreement pursuant to paragraph clauses (bc) or (d) of Section 8.01 7.02 shall not relieve any party that breached its covenants or agreements contained herein or in any related agreement from of any liability with respect to the other any breach of any representation, warranty, covenant or agreement herein by such party, or limit or preclude any remedy any party hereto by reason of may have against such breaching party with respect to any such breach.

Appears in 1 contract

Samples: Asset Purchase Agreement (Caraustar Industries Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article Section 8.1 hereof shall terminate all obligations of the parties hereunder, except for their obligations under this Section, Article X and Article XI; provided, however, that termination unless this Agreement has been terminated pursuant to paragraph (bSection 8.1(a) hereof, termination of Section 8.01 this Agreement shall not relieve any a breaching party that breached its covenants (whether or agreements contained herein or in any related agreement not it is the terminating party) from any liability to the other party hereto by reason arising from or related to its breach of such breachany representations, warranties, covenants or agreements contained herein.

Appears in 1 contract

Samples: Asset Purchase Agreement (Edgen Murray LTD)

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