Common use of Liability in Event of Termination Clause in Contracts

Liability in Event of Termination. In the event of a termination of this Agreement prior to the Closing as provided in Section 11.1 above, no Party or its board of directors shall be liable to the other or its board of directors. The sole and exclusive remedy under this Section shall be the termination of this Agreement prior to the Closing.

Appears in 8 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Liability in Event of Termination. In the event of a termination of this Agreement prior to the Closing as provided in Section 11.1 above, no Party or its board of directors shall be liable to the other or its board of directorsdirectors except for claims arising out of a violation of Section 12.7 below. The sole and exclusive remedy under this Section shall be the termination of this Agreement prior to the Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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Liability in Event of Termination. In the event of a termination of this Agreement prior to the Closing as provided in Section 11.1 aboveClosing, no Party or its board of directors shall be liable to the other or its board of directors. The sole and exclusive remedy under this Section shall be the termination of this Agreement prior to the Closing.

Appears in 1 contract

Samples: Transfer of Business Operations Agreement

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