Common use of Effect on Obligations Clause in Contracts

Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the parties hereunder, except for the obligations under Sections 4.06, 11.11 and 11.12 and the last sentence of Section 4.03; provided, however, that termination pursuant to clause (b), (c) or (d) of Section 10.01 by reason of breaches of covenants or agreements of Seller and Parent, on the one hand, or Buyer on the other hand, shall not relieve the defaulting or breaching party (whether or not it is the terminating party) from any liability to the other party hereto.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Pope & Talbot Inc /De/), Purchase and Sale Agreement (Plainwell Inc)

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Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the parties Parties hereunder, except for the obligations under Sections 4.06, 11.11 and 11.12 and the last sentence of Section 4.03; provided, however, that termination pursuant to clause (b), clauses (c) or (d) of Section 10.01 by reason of breaches of covenants or agreements of Seller and Parent, on the one hand, or Buyer on the other hand, hereof shall not relieve the any defaulting or breaching party (whether or not it is the terminating party) Party from any liability to the other party Parties hereto.

Appears in 2 contracts

Samples: Merger Agreement (Newmark Homes Corp), Merger Agreement (Newmark Homes Corp)

Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the parties hereunder, except for the obligations under Sections 4.064.03(b), 11.11 11.07, 11.08, 11.10 and 11.12 and the last sentence of Section 4.0311.12; providedPROVIDED, howeverHOWEVER, that termination pursuant to clause (b), (c) or (d) of Section 10.01 by reason of breaches of covenants or agreements or by reason of Seller a breach by the Buyer of its representations and Parent, on the one hand, or Buyer on the other hand, warranties contained in Section 3.04 shall not relieve the defaulting or breaching party (whether or not it is the terminating party) from any liability to the other party hereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Domain Energy Corp)

Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the parties hereunder, except for the obligations under Sections 4.06, 11.11 14.3 and 11.12 and the last sentence of Section 4.0314.13; provided, however, however that termination pursuant to clause (b), (c) Sections 10.2 or (d) of Section 10.01 by reason of breaches of covenants or agreements of Seller and Parent, on the one hand, or Buyer on the other hand, 10.3 shall not relieve the any defaulting or breaching party (whether Party or not it is the terminating party) Parties from any liability to the other party heretoParties hereto except as otherwise set forth in this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Marsh Supermarkets Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article X XI shall terminate all obligations of the parties hereunder, except for the obligations under Sections 4.0612.08, 11.11 12.11, and 11.12 12.12 and the last sentence of Section 4.035.03; provided, however, that termination pursuant to clause (b), ) or (c) or (d) of Section 10.01 11.01 by reason of breaches of covenants or agreements or by reason of Seller a breach by Buyer of its representations and Parent, on the one hand, or Buyer on the other hand, warranties contained in Section 4.04 shall not relieve the defaulting or breaching party (whether or not it is the terminating party) from any liability to the other party hereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Devlieg Bullard Inc)

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Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the parties hereunder, except for the obligations under Article XI and Sections 4.0612.08, 11.11 12.09, and 11.12 and the last sentence of Section 4.0312.11; provided, however, that termination by Seller pursuant to clause (b), ) or by Buyer or Seller pursuant to clause (c) or (d) of Section 10.01 by reason of breaches of covenants or agreements of Seller and Parent, on the one hand, or Buyer on the other hand, shall not relieve the defaulting or breaching party (whether or not it is the terminating party) from any liability to the other party hereto.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Outdoor Systems Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article X XI shall terminate all obligations of the parties hereunder, except for the obligations under Sections 4.063.15, 11.11 and 11.12 4.6, 11.2, 13.7, 13.9, 13.10, 13.11 and the last sentence of Section 4.035.3; provided, however, that termination pursuant to clause (b), ) or (c) or (d) of Section 10.01 11.1 by reason of breaches of covenants or agreements of Seller and Parent, on the one handagreements, or Buyer on the other hand, by reason of a breach by Purchaser of its representations and warranties contained in Section 4.4 shall not relieve the defaulting or breaching party (whether or not it is the terminating party) from any liability to the other party hereto.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Serologicals Corp)

Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the parties hereunder, except for the obligations under Sections 4.0610.02, 11.08 and 11.11 and 11.12 and the last sentence of Section 4.03; provided, however, that termination pursuant to clause (b), (c) or (d) of Section 10.01 by reason of breaches of representations and warranties or covenants or agreements of Seller and Parent, on the one hand, or Buyer on the other hand, shall not relieve the defaulting or breaching party (whether or not it is the terminating party) from any liability to the other party hereto.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Terex Corp)

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