Common use of Exclusivity of Remedy Clause in Contracts

Exclusivity of Remedy. Notwithstanding anything to the contrary set forth in this Agreement, if the Buyer pays or causes to be paid to the Seller the Buyer Special Payment, neither the Buyer nor any affiliate will have any further obligations or liabilities to the Seller or the Seller Bank or any other person with respect to this Agreement or the transactions contemplated by this Agreement, it being understood, HOWEVER, that payment of the Buyer Special Payment shall not have any effect on the respective rights and obligations of the parties pursuant to the Stock Option Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Seacoast Financial Services Corp)

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Exclusivity of Remedy. Notwithstanding anything to the contrary set forth in this Agreement, if the Buyer Seller pays or causes to be paid to the Buyer the Seller the Buyer Special Payment, neither the Buyer Seller nor any affiliate will have any further obligations or liabilities to the Seller Buyer or the Seller Buyer Bank or any other person with respect to this Agreement or the transactions contemplated by this Agreement, it being understood, HOWEVER, that payment of the Buyer Seller Special Payment shall not have any effect on the respective rights and obligations of the parties pursuant to the Stock Option Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Seacoast Financial Services Corp)

Exclusivity of Remedy. Notwithstanding anything to the contrary set forth in this Agreement, if the Buyer pays or causes to be paid to the Seller the Buyer Special Payment, neither the Buyer nor any affiliate will have any further obligations or liabilities to the Seller or the Seller Bank or any other person with respect to this Agreement or the transactions contemplated by this Agreement, it being understood, HOWEVERhowever, that payment of the Buyer Special Payment shall not have any effect on the respective rights and obligations of the parties pursuant to the Stock Option Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Home Port Bancorp Inc)

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Exclusivity of Remedy. Notwithstanding anything to the contrary set forth in this Agreement, if the Buyer Seller pays or causes to be paid to the Buyer the Seller the Buyer Special Payment, neither the Buyer Seller nor any affiliate will have any further obligations or liabilities to the Seller Buyer or the Seller Buyer Bank or any other person with respect to this Agreement or the transactions contemplated by this Agreement, it being understood, HOWEVERhowever, that payment of the Buyer Seller Special Payment shall not have any effect on the respective rights and obligations of the parties pursuant to the Stock Option Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Home Port Bancorp Inc)

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