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 12.1 or 12.2 all further obligations of the parties hereto under this Agreement (other than pursuant to Section 7.1(d), 14 and 17.6, which shall continue in full force) shall terminate without further liability or obligation on the part of any party hereto; provided however, that no party shall be released from liability hereunder if this Agreement is terminated and the transactions are abandoned by reason of (i) willful failure of such party to have performed its obligations hereunder, or (ii) any knowing misrepresentation made by such party of any matter set forth herein.

Appears in 6 contracts

Samples: Agreement and Plan of Reorganization (Vestcom International Inc), Agreement and Plan of Reorganization (Vestcom International Inc), Merger Agreement (Vestcom International Inc)

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