Common use of Effect on Obligations Clause in Contracts

Effect on Obligations. Termination of this Agreement pursuant to Section 8.1 hereof shall terminate all obligations of the parties hereunder, except for their obligations under Article IX hereof (regarding indemnification) and Section 10.9 (regarding public announcements) hereof; provided, however, that termination pursuant to Section 8.1(c) hereof by reason of a breach of any covenant or agreement shall not relieve the breaching party (whether or not it is the terminating party) from any liability to the other party hereto arising from or related to such breach.

Appears in 1 contract

Samples: Asset Purchase Agreement (Remy International, Inc.)

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Effect on Obligations. Termination of this Agreement pursuant to Section 8.1 11.1 hereof shall terminate all obligations of the parties hereunder, except for their obligations under Article IX XII hereof (regarding indemnification) and Section 10.9 (regarding public announcements) Sections 7.6 and 8.6 hereof; provided, however, that termination pursuant to Section 8.1(c11.1(c) hereof by reason of a material breach by any Person of any covenant or agreement such Person’s obligations hereunder shall not relieve the breaching party (whether or not it is the terminating party) such Person from any liability to the other party hereto Liability arising from or related to 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 Section 8.1 10.1 hereof shall terminate all obligations of the parties hereunder, except for their obligations under Article IX 11 hereof (regarding indemnificationIndemnification), Section 7.6 hereof (Confidentiality) and Section 10.9 12.10 hereof (regarding public announcements) hereofPublic Announcements); provided, however, that termination pursuant to Section 8.1(c10.1(c) hereof by reason of a breach by any Person of any covenant or agreement such Person’s obligations hereunder shall not relieve the breaching party (whether or not it is the terminating party) such Person from any liability to the other party hereto arising from or related to such breach.

Appears in 1 contract

Samples: Contribution Agreement (Regis Corp)

Effect on Obligations. Termination of this Agreement pursuant --------------------- to Section 8.1 hereof 8.02 shall terminate all obligations of the parties to each other hereunder, except for their the obligations under Article IX hereof (regarding indemnification) Sections 6.04 and Section 10.9 (regarding public announcements) hereof; 13.05 and, provided, however, that that, notwithstanding the foregoing, the termination of this Agreement pursuant to clauses (c) or (d) of Section 8.1(c) hereof by reason 8.02 shall not relieve any party of a any liability with respect to any breach of any representation, warranty, covenant or agreement shall not relieve the herein by such party, or limit or preclude any remedy any party may have against such breaching party (whether or not it is the terminating party) from with respect to any liability to the other party hereto arising from or related to such breach.

Appears in 1 contract

Samples: Stock Purchase Agreement (Guest Supply Inc)

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Effect on Obligations. Termination of this Agreement pursuant to Section 8.1 hereof 7.02 shall terminate all obligations of the parties to each other hereunder, except for their the obligations under Sections 7.04 and Article IX hereof (regarding indemnification) and Section 10.9 (regarding public announcements) hereof; XIII and, provided, however, that notwithstanding the foregoing, the termination of this Agreement pursuant to clauses (c) or (d) of Section 8.1(c) hereof by reason 7.02 shall not relieve any party of a any liability with respect to any breach of any representation, warranty, covenant or agreement shall not relieve the herein by such party, or limit or preclude any remedy any party may have against such breaching party (whether or not it is the terminating party) from with respect to any liability to the other party hereto arising from or related to such breach.

Appears in 1 contract

Samples: Asset Purchase Agreement (Caraustar Industries Inc)

Effect on Obligations. Termination of this Agreement prior to Closing pursuant to Section 8.1 10.1 hereof shall terminate all obligations of the parties hereunder, except for their obligations under Article IX hereof (regarding indemnification) and Section 10.9 12.9 (regarding public announcements) and Section 12.6 (regarding expenses) hereof; provided, however, that termination pursuant to Section 8.1(c10.1(c) hereof by reason of a willful breach of any covenant representations, warranties, covenants or agreement agreements shall not relieve the willfully breaching party (whether or not it is the terminating party) from any liability to the other party hereto arising from or related to such breach.

Appears in 1 contract

Samples: Stock Purchase Agreement (Euramax International PLC)

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