Liability Upon Termination. In the event of termination and abandonment of the Merger pursuant to this Article X, no party hereto shall have any liability or further obligation to any other party hereto except a party that is in material breach of its representations, warranties or covenants hereunder shall be liable for damages incurred by the other parties hereto to the extent that such damages are proximately caused by such breach.
Appears in 3 contracts
Samples: Merger Agreement (Tsi Inc /Mn/), Merger Agreement (Semco Energy Inc), Merger Agreement (Vicom Inc)
Liability Upon Termination. In the event of termination and abandonment of the Merger pursuant to this Article X11, no party hereto shall have any liability or further obligation to any other party hereto except a party that is in material breach of its representations, warranties or covenants hereunder shall be liable for damages incurred by the other parties hereto to the extent that such damages are proximately caused by such breach.
Appears in 2 contracts
Samples: Merger Agreement (Sportsnuts Com International Inc), Acquisition Agreement (Vicom Inc)
Liability Upon Termination. In the event of termination and abandonment of the Merger pursuant to this Article XSection 8, no party hereto shall have any liability or further obligation to any other party hereto except a party that is in material breach of its representations, warranties or covenants hereunder shall be liable for damages incurred by the other parties hereto to the extent that such damages are proximately caused by such breach.
Appears in 1 contract
Samples: Merger Agreement (Tsi Inc /Mn/)
