Common use of Liability Upon Termination Clause in Contracts

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.2, then this Agreement shall, except as provided in this Section 9.3, forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders or Buyer except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Section 9.3.

Appears in 1 contract

Samples: Share Purchase Agreement (Evi Inc)

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Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of this Section 9.2, 16 then this Agreement shall, except as provided in this Section 9.3, shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders Seller or Buyer the Purchaser except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Section 9.3agreements.

Appears in 1 contract

Samples: Asset Purchase Agreement (Host America Corp)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement Transactions is terminated pursuant to any provision of Section 9.211.1, then this Agreement shall, except as provided in this Section 9.3, shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders or Buyer Parties except and to the extent such termination results from the willful breach by a party Party of any of its representations, warranties warranties, covenants or agreements hereunder. The hereunder and except that the termination of this Agreement shall not relieve any party Party of its obligations under this Section 9.36.1(d) and Section 12.1.

Appears in 1 contract

Samples: Purchase Agreement (NACG Holdings Inc.)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.2, this Article 9 then this Agreement shall, except as provided in this Section 9.3, shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders Seller, Weatherford or the Buyer except and to the extent such termination results from is pursuant to SECTION 9.1(B) or SECTION 9.1(C); provided, however, that the willful breach by a party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations and liabilities under this Section 9.3ARTICLE 9.

Appears in 1 contract

Samples: Asset Purchase Agreement (CRC Evans International Inc)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.29.1 hereof, then this Agreement shall, except as provided in this Section 9.3, shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders Shareholder or the Buyer except and to the extent such termination results from the willful breach by a party Party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party Party of its obligations under this Section 9.39.2.

Appears in 1 contract

Samples: Share Purchase Agreement (Allis Chalmers Energy Inc.)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.2, this Article 9 then this Agreement shall, except as provided in this Section 9.3, shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders Seller or Buyer the Buyer, except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Section 9.3agreements.

Appears in 1 contract

Samples: Asset Purchase Agreement (Poindexter J B & Co Inc)

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Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.2this Article 10, then this Agreement shall, except as provided in this Section 9.3, shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders Seller or Buyer E21 except and to the extent such the termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Section 9.3agreements.

Appears in 1 contract

Samples: Acquisition Agreement (BRL Holdings Inc)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement Transactions is terminated pursuant to any provision of Section 9.28.1, then this Agreement shallthen, except as provided in Sections 5.5 and 5.7, this Section 9.3, Agreement shall forthwith become void and there the parties shall not be any have no liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders or Buyer hereunder except and to the extent such termination results from the willful breach by a party of any of its representations, warranties warranties, covenants or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Section 9.3.

Appears in 1 contract

Samples: Purchase Agreement (Geokinetics Inc)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.29.1 hereof, then this Agreement shall, except as provided in this Section 9.3, shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders Sellers or Buyer except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Section 9.39.2.

Appears in 1 contract

Samples: Stock Purchase Agreement (Basic Energy Services Inc)

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