Common use of Liability After Termination Clause in Contracts

Liability After Termination. (a) If this Agreement or any other Project Agreement is terminated by reason of a material default, such termination shall not excuse the defaulting party from any liability at law or in equity arising out of such default or in the Project Agreements. (b) If this Agreement or any other Project Agreement is terminated for reason other than a default, no party shall have any further obligation or liability except for performance of their respective obligations which are either expressly stated in a Project Agreement to survive termination or by their sense and context are intended to survive termination.

Liability After Termination. (a) If this Agreement or any other Project Agreement is terminated by reason of an Operating Company Default or a material defaultConcessionaire Default, such termination shall not excuse the defaulting party from any liability at law or in equity arising out of such default or in the Project Agreements. (b) If this Agreement or any other Project Agreement is terminated for reason other than a default, no party shall have any further obligation or liability except for performance of their respective obligations which are either expressly stated in a Project Agreement to survive termination or by their sense and context are intended to survive termination.

Liability After Termination. (a) If 9.5.1 In the event this Agreement or any other Project Agreement is terminated by reason of a material default, such termination shall not excuse the defaulting party from any liability at law or in equity arising out of such default or as provided in the Project Agreements. (b) If 9.5.2 In the event this Agreement or any other Project Agreement is terminated for by reason other than a default, no party shall have any further obligation or liability except for performance of their respective obligations which are either expressly stated in a Project Agreement to survive termination or by their sense and context are intended to survive termination.