Common use of LIABILITIES IN EVENT OF TERMINATION Clause in Contracts

LIABILITIES IN EVENT OF TERMINATION. In the event of termination of ----------------------------------- this Agreement as provided in this Section there shall be no liability or obligation on the part of any party hereto except to the extent that such liability is based on the breach by a party of any of its representations, warranties or covenants set forth in this Agreement, provided however, that there shall be no liability for a breach of representation or warranty if such representation or warranty was made in good faith and with no reason to know such representation or warranty was not true at the time made.

Appears in 4 contracts

Samples: Merger Agreement (Hospitality Design & Supply Inc), Merger Agreement (Hospitality Design & Supply Inc), Merger Agreement (Hospitality Design & Supply Inc)

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LIABILITIES IN EVENT OF TERMINATION. In the event of termination ----------------------------------- of ----------------------------------- this Agreement as provided in this Section there shall be no liability or obligation on the part of any party hereto except to the extent that such liability is based on the breach by a party of any of its representations, warranties or covenants set forth in this AgreementAgreement and the termination was not effected under 12.1(i), provided however, that there shall be no liability for a breach of representation or warranty if such representation or warranty was made in good faith and with no reason to know such representation or warranty that it was not true at the time madetrue.

Appears in 1 contract

Samples: Merger Agreement (Hospitality Design & Supply Inc)

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