Common use of No Further Liability Clause in Contracts

No Further Liability. If this Agreement is terminated by either or both of the Seller and the Buyer pursuant to this Article 6, (a) neither party shall have any further obligation or liability under this Agreement, other than by reason of a breach or default by a party hereunder and (b) any monies, instruments or documents of any party held in escrow or transferred to the other party in connection with the transactions contemplated herein with respect to which a Closing shall not have occurred shall be immediately returned to such party. For the avoidance of doubt, any such termination shall not have any effect whatsoever on any transactions contemplated herein with respect to which a Closing has occurred. Section 6.2 and Article 7 shall survive any termination of this Agreement.

No Further Liability. If this Agreement is terminated by either or both of the Seller and the Buyer pursuant to this Article 6, (a) neither party shall have any further obligation or liability under this Agreement, other than by reason of a breach or default by a party hereunder and (b) any monies, instruments or documents of any party held in escrow or transferred to the other party in connection with the transactions contemplated herein with respect to which a the Closing shall not have occurred shall be immediately returned to such party. For the avoidance of doubt, any such termination shall not have any effect whatsoever on any transactions contemplated herein with respect to which a the Closing has occurred. Section 6.2 and Article 7 shall survive any termination of this Agreement.

No Further Liability. If this Agreement is terminated by either or both of the Seller Sellers and the Buyer pursuant to this Article 6, (a) neither party Party shall have any further obligation or liability under this Agreement, other than by reason of a breach or default by a party hereunder Party hereunder, and (b) any monies, instruments or documents of any party Party held in escrow or transferred to the other party Party in connection with the transactions contemplated herein with respect to which a the Closing shall not have occurred shall be immediately returned to such partyParty. For the avoidance of doubt, any such termination shall not have any effect whatsoever on any transactions contemplated herein with respect to which a the Closing has occurred. Section 6.2 and Article 7 shall survive any termination of this Agreement.