Common use of Exclusivity of Remedy Clause in Contracts

Exclusivity of Remedy. Notwithstanding anything to the contrary set forth in this Agreement, if 1855 Bancorp pays or causes to be paid to Sandwich the Special Payment, neither 1855 Bancorp nor Compass Bank will have any further obligations or liabilities to Sandwich or Sandwich Bank with respect to this Agreement or the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Affiliation and Merger Agreement (1855 Bancorp), Affiliation and Merger Agreement (Sandwich Bancorp Inc)

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Exclusivity of Remedy. Notwithstanding anything to the contrary set forth in this Agreement, if 1855 Bancorp Sandwich pays or causes to be paid to Sandwich 1855 Bancorp or to Compass Bank the Special PaymentExpense Fee, neither 1855 Bancorp Sandwich nor Compass Sandwich Bank will have any further obligations or liabilities to Sandwich 1855 Bancorp or Sandwich Compass Bank with respect to this Agreement or the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Affiliation and Merger Agreement (1855 Bancorp), Affiliation and Merger Agreement (Sandwich Bancorp Inc)

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