Common use of Limitation on Right to Terminate; Effect of Termination Clause in Contracts

Limitation on Right to Terminate; Effect of Termination. (a) A party shall not be allowed to exercise any right of termination pursuant to Section 9.1 if the event giving rise to the termination right shall be due to the willful failure of such party seeking to terminate this Agreement to perform or observe in any material respect any of the covenants or agreements hereunder to be performed or observed by such party.

Appears in 10 contracts

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

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Limitation on Right to Terminate; Effect of Termination. (a) A party shall not be allowed to exercise any right of termination pursuant to Section 9.1 if the event giving rise to the termination right shall be due to the willful failure of such party seeking to terminate this Agreement to perform or observe in any material respect any of the covenants covenants, or agreements hereunder hereof to be performed or observed by such party.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Ocean Energy Inc /Tx/), Exhibit 2 Purchase and Sale Agreement (Semco Energy Inc)

Limitation on Right to Terminate; Effect of Termination. (a) A party shall not be allowed entitled to exercise any right of termination pursuant to Section 9.1 if the event giving rise to the termination right shall be due to the willful failure of such party seeking to terminate this Agreement to perform or observe in any material respect any of the covenants or agreements hereunder hereof to be performed or observed by such party.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Baycorp Holdings LTD)

Limitation on Right to Terminate; Effect of Termination. (aA) A party shall not be allowed to exercise any right of termination pursuant to Section 9.1 8.1 if the event giving rise to the termination right shall be due to the willful failure of such party seeking to terminate this Agreement to perform or observe in any material respect any of the covenants or agreements hereunder set forth herein to be performed or observed by such party.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Calpine Corp)

Limitation on Right to Terminate; Effect of Termination. (a) A party Party shall not be allowed to exercise any right of termination pursuant to Section 9.1 10.1 if the event giving rise to the termination right shall be due to the willful failure of such party Party seeking to terminate this Agreement to perform or observe in any material respect any of the covenants covenants, or agreements hereunder hereof to be performed or observed by such partyParty.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Atlas Pipeline Partners Lp)

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Limitation on Right to Terminate; Effect of Termination. (a) A party shall not be allowed to exercise any right of termination pursuant to Section 9.1 if the event giving rise to the termination right shall be due to the willful failure of such party seeking to terminate this Agreement to perform or observe in any material respect any of the covenants or agreements hereunder hereof to be performed or observed by such party.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Citizens Communications Co)

Limitation on Right to Terminate; Effect of Termination. (a) A party Party shall not be allowed to exercise any right of termination pursuant to Section 9.1 10.01 if the event giving rise to the termination right shall be due to the willful failure of such party Party seeking to terminate this Agreement to perform or observe in any material respect any of the covenants or agreements hereunder hereof to be performed or observed by such partyParty.

Appears in 1 contract

Samples: Stock Purchase Agreement (Monongahela Power Co /Oh/)

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