Common use of LIABILITIES IN EVENT OF TERMINATION Clause in Contracts

LIABILITIES IN EVENT OF TERMINATION. In the event of any termination of the Agreement pursuant to Section 10.1, written notice thereof shall forthwith be given to the other party specifying the provision hereof pursuant to which any such termination is made, this Agreement shall forthwith become wholly void and of no further force and effect, and there shall be no Liability on the part of Buyer or the Sellers, except that the obligations of the Sellers and Buyer under this Article X and the last sentence of Section 8.3(a) shall remain in full force and effect.

Appears in 3 contracts

Samples: Acquisition Agreement (MF Global Ltd.), Acquisition Agreement, Acquisition Agreement (Refco Inc.)

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LIABILITIES IN EVENT OF TERMINATION. In the event of any termination of the this Agreement pursuant to Section 10.19.11, written notice thereof shall forthwith be given to the each other party Party specifying the provision hereof pursuant to which any such termination is made. In such event, this Agreement shall forthwith become wholly void and of no further force and effect, except for Sections 5.04, 5.08 and there Article IX, which shall be no Liability on remain in full force and effect notwithstanding such termination. For the part avoidance of Buyer or doubt, in the Sellersevent of any termination of this Agreement, except that the obligations of the Sellers and Buyer under this Article X and the last sentence of Section 8.3(a) Confidentiality Agreement shall remain in full force and effect.

Appears in 2 contracts

Samples: Asset Purchase Agreement (GAIN Capital Holdings, Inc.), Asset Purchase Agreement (Global Brokerage, Inc.)

LIABILITIES IN EVENT OF TERMINATION. In the event of any termination of the Agreement pursuant to Section 10.19.1, written notice thereof shall forthwith be given to the other party specifying the provision hereof pursuant to which any such termination is made. In such event, this Agreement shall forthwith become wholly void and of no further force and effect, and there shall be no Liability on the part of Buyer or the Sellers, except that the obligations of the Sellers and Buyer under this Article X and the last sentence of Section 8.3(a) shall remain in full force and effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (GAIN Capital Holdings, Inc.)

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LIABILITIES IN EVENT OF TERMINATION. In the event of any termination of the this Agreement pursuant to Section 10.19.1, written notice thereof shall forthwith be given to the other party specifying the provision hereof pursuant to which any such termination is made. In such event, this Agreement shall forthwith become wholly void and of no further force and effect, except for Sections 2.6, 7.1(a), 7.1(c), 7.2, 9.1 and there shall be no Liability on the part of Buyer or the Sellers9.2 and Article XI, except that the obligations of the Sellers and Buyer under this Article X and the last sentence of Section 8.3(a) shall which remain in full force and effecteffect notwithstanding such termination.

Appears in 1 contract

Samples: Asset Purchase Agreement (GAIN Capital Holdings, Inc.)

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