Common use of Liabilities Upon Abandonment Clause in Contracts

Liabilities Upon Abandonment. In the event this Agreement is terminated pursuant to Section 10.2 above, no party hereto shall have any liability to the other party for costs, expenses, damages, loss of anticipated profits or otherwise, unless the termination occurs because of any misrepresentation or breach of warranty by a party hereto or the failure of performance of, or compliance with, any covenant or agreement contained in this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Protection One Alarm Monitoring Inc), Asset Purchase Agreement (Allbritton Communications Co)

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Liabilities Upon Abandonment. In the event this Agreement is terminated pursuant to Section 10.2 11.1 above, no party hereto shall have any liability to the other party for costs, expenses, damages, loss of anticipated profits or otherwise, unless the termination occurs because of any misrepresentation or breach of warranty by a such party hereto or the failure of by such party in the performance of, or compliance with, any covenant or agreement contained in this Agreement.. 11.3

Appears in 1 contract

Samples: Asset Exchange Agreement (Jacor Communications Inc)

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Liabilities Upon Abandonment. In the event this Agreement is terminated pursuant to Section 10.2 11.1 above, no party hereto shall have any liability to the other party for costs, expenses, damages, loss of anticipated profits or otherwise, unless the termination occurs because of any misrepresentation or breach of warranty by a such party hereto or the failure of by such party in the performance of, or compliance with, any covenant or agreement contained in this Agreement.

Appears in 1 contract

Samples: Asset Exchange Agreement (Knight Ridder Inc)

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