Common use of In the Event of Termination Clause in Contracts

In the Event of Termination. In the event of --------------------------- termination of this Agreement: (a) Each party will redeliver all documents, work papers and other material of any other party relating to the transactions contemplated hereby, whether so obtained before or after the execution hereof to the party furnishing the same; (b) The provisions of Sections 9 and 10.3 shall continue in full force and effect; and (c) Other than pursuant to Sections 9 and 10.3, no party hereto shall have any liability or further obligation to any other party relating to the transactions contemplated hereby, provided that no such termination shall relieve any party from liability or a prior breach of this Agreement.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Prometheus Homebuilders LLC), Stock Purchase Agreement (Prometheus Homebuilders Funding Corp), Stock Purchase Agreement (Prometheus Homebuilders Funding Corp)

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In the Event of Termination. In the event of --------------------------- termination of this --------------------------- Agreement: (a) 11.1.2.1 Each party will redeliver all documents, work papers and other material of any other party relating to the transactions contemplated hereby, whether so obtained before or after the execution hereof hereof, to the party furnishing the same; (b) The provisions of Sections 9 and 10.3 shall continue in full force and effect; and (c) Other than pursuant to Sections 9 and 10.3, no 11.1.2.2 No party hereto shall have any liability or further obligation to any other party relating to the transactions contemplated herebythis Agreement, provided that no such termination shall relieve except as stated in Sections 11.7, 11.10, 11.1.2.1 or this Section 11.1.2.2, and except for any party from liability or a prior willful breach of this Agreement occurring prior to the proper termination of this Agreement. The foregoing provisions shall not limit or restrict the availability of specific performance or other injunctive relief to the extent that specific performance or such other relief would otherwise be available to a party hereunder.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Rental Service Corp), Asset Purchase Agreement (Rental Service Corp)

In the Event of Termination. In the event of --------------------------- termination of this Agreement: (a) Each party will redeliver all documents, work papers and other material of any other party relating to the transactions contemplated hereby, whether so obtained before or after the execution hereof to the party furnishing the same; (b) The provisions of Sections 9 and 10.3 shall continue in full force and effect; and (c) Other than pursuant to Sections 9 and 10.3, no party hereto shall have any liability or further obligation to any other party relating to the transactions contemplated hereby, provided that no such termination shall relieve any party from liability or a prior breach of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Fortress Group Inc)

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In the Event of Termination. In the event of --------------------------- termination of --------------------------- this Agreement: (a) Each party will redeliver all documents, work papers and other material of any other party relating to the transactions contemplated hereby, whether so obtained before or after the execution hereof to the party furnishing the same; (b) The provisions of Sections 9 and Section 10.3 shall continue in full force and effect; and (c) Other than pursuant to Sections 9 and 10.3, no No party hereto shall have any liability or further obligation to any other party relating to the transactions contemplated hereby, provided that no such termination shall relieve any party from liability or a prior breach of this Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tc Group LLC)

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