Common use of Effect on Obligations Clause in Contracts

Effect on Obligations. Termination of this Agreement pursuant to this Article VI shall terminate all obligations of the parties hereunder, except for their obligations under Section 7.01 hereof; provided, however, that termination pursuant to clause (b) of Section 6.01 hereof shall not relieve the defaulting or breaching party from any liability to the other party hereto.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Probe Manufacturing Inc), Stock Purchase Agreement (Probe Manufacturing Inc), Stock Purchase Agreement (Usa Dealers Auction Com Inc)

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Effect on Obligations. Termination of this Agreement pursuant to this Article VI V shall terminate all obligations of the parties hereunder, except for their obligations under Section 7.01 Sections 1.06, 6.01 and 6.10 hereof; provided, however, that termination pursuant to clause (b) of Section 6.01 5.01 hereof shall not relieve the defaulting or breaching party from any liability to the other party hereto.

Appears in 2 contracts

Samples: Secured Commercial Promissory Note (Cyber Defense Systems Inc), Equipment Purchase Agreement (Cyber Defense Systems Inc)

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