Common use of Effect on Obligations Clause in Contracts

Effect on Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligation of the parties hereunder, except for the obligations under this Section 10.2 and Sections 11.2 (with respect to expenses), 11.3 (with respect to publicity) and 5.2 (with respect to confidentiality); provided, however, that termination pursuant to Section 10.1(b) or Section 10.1(c) shall not relieve the defaulting or breaching party from any liability to any other party under this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Blue Rhino Corp), Merger Agreement (Blue Rhino Corp)

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Effect on Obligations. Termination of this Agreement pursuant to this Article VIII shall terminate all obligation obligations of the parties hereunder, except for the obligations under Sections 9.11, 9.12 and 9.13 and this Section 10.2 and Sections 11.2 (with respect to expenses), 11.3 (with respect to publicity) and 5.2 (with respect to confidentiality)8.02; provided, however, that termination pursuant to Section 10.1(b) or Section 10.1(c) nothing shall not relieve the defaulting or breaching party (whether or not it is the terminating party) from any liability to any the other party under this Agreementhereto.

Appears in 2 contracts

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

Effect on Obligations. Termination of this Agreement pursuant to this Article 12 shall terminate all obligation obligations of the parties hereunder, except for the obligations under this Section 10.2 Sections 14.1, 14.2, 14.8, 14.9, and Sections 11.2 (with respect to expenses), 11.3 (with respect to publicity) and 5.2 (with respect to confidentiality)14.11; provided, however, that termination by Buyer or Seller pursuant to Section 10.1(bclauses (b) or (c) of Section 10.1(c) 12.1 shall not relieve the defaulting or breaching party from any liability to any the other party under this Agreementhereto.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Lamar Advertising Co), Asset Purchase Agreement (Outdoor Systems Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article 8 shall terminate all obligation obligations of the parties hereunder, except for the obligations under this Section 10.2 and Sections 11.2 (with respect to expenses), 11.3 (with respect to publicity) and 5.2 (with respect to confidentiality); provided, however, that termination pursuant to Section 10.1(bclauses (C) or (D) of Section 10.1(c) 8.1 shall not relieve the defaulting or any breaching party from any liability to any the other party under this Agreementparties hereto.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Commodore Applied Technologies Inc), Agreement and Plan of Merger (Commodore Applied Technologies Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article Section 10.1 hereof shall terminate all obligation obligations of the parties hereunder, except for the their obligations under this Section 10.2 Article 11 and Article 12 hereof and Sections 11.2 (with respect to expenses), 11.3 (with respect to publicity) 6.2 and 5.2 (with respect to confidentiality); provided, however, that termination pursuant to Section 10.1(b) or Section 10.1(c) shall not relieve the defaulting or breaching party from any liability to any other party under this Agreement7.2 hereof.

Appears in 1 contract

Samples: Confidential Treatment (ONCOSEC MEDICAL Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligation obligations of the parties hereunder, except for the obligations under this Section 10.2 and Sections 11.2 12.1 (with respect to expenses), 11.3 ) and 12.2 (with respect to publicity) and 5.2 (with respect to confidentiality); provided, however, that termination pursuant to Section 10.1(bSections 11.1(b) or Section 10.1(c(c) shall will not relieve the defaulting or breaching party from any liability to any other party under this Agreementhereto, in the case of fraud or an intentional default of the defaulting party.

Appears in 1 contract

Samples: Asset Purchase Agreement (RCG Companies Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article 10 shall terminate all obligation obligations of the parties hereunder, except for the obligations under this Section 10.2 and Sections 11.2 (with respect to expenses), 11.3 (with respect to publicity) and 5.2 (with respect to confidentiality)paragraph 14; provided, however, that termination pursuant to Section paragraphs 10.1(b) or Section 10.1(c) shall not relieve the defaulting or breaching party from any liability to any other party under this Agreementhereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hansen Natural Corp)

Effect on Obligations. Termination of this Agreement pursuant to this Article VII shall terminate all obligation obligations of the parties hereunder, except for the obligations under this Section 10.1 (entitled "Brokerage"), Section 10.2 and Sections 11.2 (with respect to expenses), 11.3 (with respect to publicityentitled "Expenses") and 5.2 Section 10.4 (with respect to confidentialityentitled "Attorneys' Fees"); provided, however, that termination pursuant to Section 10.1(b) 7.1.4 or Section 10.1(c) 7.2.4 shall not relieve the breaching or defaulting or breaching party from any liability to any the other party or affect Sellers' right to liquidated damages under this AgreementSection 8.2.

Appears in 1 contract

Samples: Equity Interest Purchase Agreement (Beasley Broadcast Group Inc)

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Effect on Obligations. Termination of this Agreement pursuant to this Article VIII shall terminate all obligation 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 10.2 and Sections 11.2 (with respect to expenses), 11.3 (with respect to publicity) and 5.2 (with respect to confidentiality)8.02; provided, however, that termination pursuant to Section 10.1(b) or Section 10.1(c) nothing shall not relieve the defaulting or breaching party (whether or not it is the terminating party) from any liability to any the other party under this Agreementhereto.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Gulfstream Aerospace Corp)

Effect on Obligations. Termination of this Agreement pursuant to this Article VIII shall terminate all obligation obligations of the parties hereunder, except for the their obligations under this Section 10.2 11.06 and Sections 11.2 (with respect to expenses)11.13; PROVIDED, 11.3 (with respect to publicity) and 5.2 (with respect to confidentiality); provided, howeverHOWEVER, that termination pursuant to Section 10.1(bclause (b) or (c) of Section 10.1(c) 8.01 shall not relieve the defaulting or breaching party from any liability to any the other party under this Agreementhereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Alvey Systems Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article Section 7 shall terminate all obligation obligations of the parties hereunder, except for the obligations under this Section 10.2 Sections 8.1, 8.2, 8.9 and Sections 11.2 (with respect to expenses), 11.3 (with respect to publicity) and 5.2 (with respect to confidentiality)8.12; provided, however, that termination pursuant to Section 10.1(b) or Section 10.1(c) nothing herein shall not relieve the defaulting or breaching party from any liability to any the other party under this Agreementhereto.

Appears in 1 contract

Samples: Exchange Agreement (Capella Education Co)

Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligation obligations of the parties hereunder, except for the obligations under this Section 10.2 Article XI and Sections 11.2 (with respect to expenses)12.08, 11.3 (with respect to publicity) 12.09, and 5.2 (with respect to confidentiality)12.11; provided, however, that termination by Seller pursuant to Section 10.1(bclause (b) or by Buyer or Seller pursuant to clause (c) of Section 10.1(c) 10.01 shall not relieve the defaulting or breaching party from any liability to any the other party under this Agreementhereto.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Outdoor Systems Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article Section 7.1 shall terminate all obligation obligations of the parties hereunder, except for the obligations under Sections 9.6, 9.9, 9.11, 9.12 and this Section 10.2 and Sections 11.2 (with respect to expenses), 11.3 (with respect to publicity) and 5.2 (with respect to confidentiality)7.2; provided, however, that termination pursuant to Section 10.1(b) or Section 10.1(c) nothing herein shall not relieve the defaulting or breaching party from any liability to any the other party under this Agreementparties hereto.

Appears in 1 contract

Samples: Securities Purchase Agreement (Shells Seafood Restaurants Inc)

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