Manner and Effect of Termination. In the event of termination of this Agreement, written notice thereof shall be given to the other parties specifying the provision hereof pursuant to which such termination is made. Upon termination, this Agreement shall become null and void and of no further force or effect, and the parties hereto shall be released from all future obligations hereunder; provided, however, that this Section 7.02, Section 7.03 and Article VIII shall remain in full force and effect and no party shall be relieved from liability with respect to a breach of this Agreement as a result of the termination of this Agreement.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Seabulk International Inc), Stock Purchase Agreement (Seabulk International Inc)
Manner and Effect of Termination. In the event of termination of this Agreement, written notice thereof shall be given to the other parties specifying the provision hereof pursuant to which such termination is made. Upon termination, this Agreement shall become null and void and of no further force or effect, and the parties hereto shall be released from all future obligations hereunder; provided, however, that this Section 7.02, Section 7.03 6.2 and Article VIII VI hereof shall remain in full force and effect and no party shall be relieved from liability with respect to as a result of its breach of this Agreement as a result of the termination of this Agreementprior to such termination.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Seabulk International Inc), Securities Purchase Agreement (Seabulk International Inc)
Manner and Effect of Termination. In the event of Any termination of this Agreement, Agreement shall be effected by written notice thereof shall be given to the other parties specifying the provision hereof pursuant to which such non-terminating Party. Any termination is made. Upon termination, of this Agreement shall become null and void and not terminate the liability of no further force any Party for any breach or effect, and default of any covenant or other agreement set forth herein which exists at the parties hereto shall be released from all future obligations hereunder; provided, however, that this Section 7.02, Section 7.03 and Article VIII shall remain in full force and effect and no party shall be relieved from liability with respect to a breach time of this Agreement as a result of the termination of this Agreementsuch termination.
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Manner and Effect of Termination. In the event of termination of this Agreement, written notice thereof 12.2.1 Termination shall be given effected by the giving of notice to that effect by one party to the other parties specifying the provision hereof other.
12.2.2 If this Agreement is terminated pursuant to which such termination is made. Upon terminationthis Article XII and the transactions contemplated hereby are not consummated, this Agreement shall become null and void and of no further force or effect, and the parties hereto shall be released from all future obligations hereunder; provided, however, that this Section 7.02, Section 7.03 and Article VIII shall remain in full force and effect and no neither party shall be relieved from obligated to the other hereunder. Nothing contained in this Section 12.2 shall relieve any party of liability with respect to a for any breach of this Agreement as a result which occurred prior to the date of the termination of this Agreement.
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Samples: Agreement Respecting Pyramid Casino (Hollywood Park Inc/New/)
Manner and Effect of Termination. In the event of termination of Any party terminating this Agreement, Agreement pursuant to Section 8.1 shall give written notice thereof shall be given of such termination to the other parties in accordance with this Agreement, specifying the provision or provisions hereof pursuant to which such termination is madebeing effected. Upon terminationIn the event of the termination and abandonment of this Agreement pursuant to Section 8.1, this Agreement shall become null and be void and of have no further force or effect, and with no liability on the parties part of any party hereto shall be released from all future obligations hereunder; providedor its Affiliates, howeverdirectors, officers or stockholders, except that the provisions of this Section 7.028.2, Section 7.03 8.3 and Article VIII IX shall remain in full force and effect and no party shall be relieved from liability with respect to a breach of this Agreement as a result of the termination of this Agreementsurvive such termination.
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Manner and Effect of Termination. In the event of termination of this Agreement, written notice thereof shall be given to the other parties specifying the provision hereof pursuant to which such termination is made. Upon termination, this Agreement shall become null and void and of no further force or effect, and the parties hereto shall be released from all future obligations hereunder; providedPROVIDED, however, that this Section SECTION 7.02, Section SECTION 7.03 and Article VIII shall remain in full force and effect and no party shall be relieved from liability with respect to a breach of this Agreement as a result of the termination of this Agreement.
Appears in 1 contract
Samples: Stock Purchase Agreement (Seabulk International Inc)