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 9.1 hereof, then this Agreement 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 Shareholder or 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 9.2.

Appears in 1 contract

Samples: Share Purchase Agreement (Allis Chalmers Energy 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 9.1 hereof, this Article 9.0 then this Agreement 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 Shareholder Seller 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 of its obligations under this Section 9.2agreements.

Appears in 1 contract

Samples: Asset Purchase Agreement (PRB Transportation, Inc.)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.1 hereof9.2, then this Agreement shall shall, except as provided in Section 1.3 hereof or 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 Shareholder Shareholders 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 9.29.3.

Appears in 1 contract

Samples: Share Purchase Agreement (Energy Ventures Inc /De/)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.1 SECTION 10.1 hereof, then then, except as provided in SECTION 1.2, and except for the provisions of SECTION 6.1, SECTION 10.2 and SECTION 12.11, this 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 Shareholder or the Buyer hereunder except and to the extent such termination results from the knowing and willful breach by a Party party of any of its representations, warranties covenants or agreements hereunder. The termination of this Agreement shall not relieve any Party of its obligations under this Section 9.2.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pacific Energy Resources LTD)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.1 hereof, this Article 9 then this Agreement 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 Shareholder Seller or the Buyer 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 of its obligations under this Section 9.2agreements.

Appears in 1 contract

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

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.1 hereofthis Article 10, then this Agreement 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 Shareholder Seller or the Buyer E21 except and to the extent such the 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 of its obligations under this Section 9.2agreements.

Appears in 1 contract

Samples: Acquisition Agreement (BRL Holdings Inc)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.1 hereof, then this Agreement 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 Shareholder Sellers 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 9.2.

Appears in 1 contract

Samples: Stock Purchase Agreement (Basic Energy Services Inc)

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Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement Transactions is terminated pursuant to any provision of Section 9.1 hereof8.1, then then, except as provided in Sections 5.5 and 5.7, this 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 Shareholder or the Buyer hereunder 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 termination of this Agreement shall not relieve any Party of its obligations under this Section 9.2.

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 9.1 hereof9.2, then this Agreement shall 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 Shareholder Shareholders 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 9.29.3.

Appears in 1 contract

Samples: Share Purchase Agreement (Evi Inc)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement Transactions is terminated pursuant to any provision of Section 9.1 hereof11.1, then this Agreement 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 Shareholder or the Buyer Parties 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 hereunder and except that the termination of this Agreement shall not relieve any Party of its obligations under this Section 9.26.1(d) and Section 12.1.

Appears in 1 contract

Samples: Purchase Agreement (NACG Holdings Inc.)

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