Common use of No Liabilities in Event of Termination Clause in Contracts

No Liabilities in Event of Termination. In the event of any termination of this Agreement as provided above, this Agreement shall forthwith become wholly void and of no further force or effect and there shall be no liability on the part of Buyer, the Sellers, the Company or their respective officers, directors, or agents, except that the provisions of Section 9.1 hereof shall remain in full force and effect, and provided that nothing contained herein shall release any party from liability for any failure to comply with any provision, covenant or agreement contained herein.

Appears in 2 contracts

Samples: Purchase Agreement (Riney Rodger O), Purchase Agreement (Riney Rodger O)

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No Liabilities in Event of Termination. In the event of any termination of this Agreement as provided abovepursuant to Section 7.1, this Agreement shall forthwith become wholly null and void and of no further force or effect and there shall be no liability on the part of Buyer, the Sellers, the Company Buyer or their respective officers, directors, or agentsSeller, except that the provisions Sections 4.12, 8 and 9 of Section 9.1 hereof this Agreement shall remain in full force and effect, effect and provided that nothing contained herein termination shall release not preclude any party from liability suing any other party for any failure to comply with any provision, covenant or agreement contained hereinbreach of this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Butler Manufacturing Co), Asset Purchase Agreement (CTB International Corp)

No Liabilities in Event of Termination. In the event of any termination of this Agreement as provided abovein Section 7.1, this Agreement shall forthwith become wholly void and of no further force or and effect and there shall be no liability on the part of Buyer, the Sellers, the Company Buyer or their respective officers, directors, or agentsSeller, except that the provisions obligations of Buyer and Seller under Section 9.1 hereof 7.3 shall remain in full force and effect, and provided that nothing contained herein termination shall release not preclude any party from liability suing any other party for any failure to comply with any provision, covenant or agreement contained hereinbreach of this Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Bio Reference Laboratories Inc), Stock Purchase Agreement (Bio Reference Laboratories Inc)

No Liabilities in Event of Termination. In Except as set forth in Section 7.3 below, in the event of any termination of this Agreement as provided above, this Agreement shall forthwith become wholly void and of no further force or effect and there shall be no liability on the part of Buyer, the Sellers, the Company or their respective officers, directors, or agents, except that the provisions of Section 9.1 10.1 and Section 10.12 hereof shall remain in full force and effect, and provided that nothing contained herein shall release any party from liability for any failure to comply with breach of any provision, covenant or agreement contained herein.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Di Industries Inc), Asset Purchase Agreement (Diamond Offshore Drilling Inc)

No Liabilities in Event of Termination. In the event of any -------------------------------------- termination of this Agreement as provided abovein Section 10.1, this Agreement shall forthwith become wholly void and of no further force or and effect and there shall be no liability on the part of Buyer, any of the Sellers, the Company parties hereto or their respective officers, officers or directors, or agents, except that the provisions of Section 9.1 hereof termination shall remain in full force and effect, and provided that nothing contained herein shall release not preclude any party from liability bringing an action against another party for breach of any failure to comply with any provision, covenant or agreement contained herein that occurs prior to termination, including for breach of any of the confidentiality obligations herein.

Appears in 1 contract

Samples: Formation Agreement (FLN Finance Inc)

No Liabilities in Event of Termination. In the event of any termination of this Agreement as provided above, this Agreement shall forthwith become wholly void and of no further force or effect and there shall be no liability on the part of BuyerPurchaser, the Sellers, the Company Sellers or their respective officers, directors, or agents, except that the provisions of Section 9.1 Sections 9.3 and 9.13 hereof shall remain in full force and effect, and provided that nothing contained herein shall release any party from liability for any failure to comply with any provision, covenant or agreement contained herein.

Appears in 1 contract

Samples: Stock Purchase Agreement (Industrial Holdings Inc)

No Liabilities in Event of Termination. In the event of any termination of this Agreement as provided above, this Agreement shall forthwith become wholly void and of no further force or effect and there shall be no liability on the part of Buyerthe PACE Group, the Sellers, the Company Blockbuster Group or their respective officers, directors, or agents, except that the provisions of Section 9.1 Sections 10.2 and 10.5 hereof shall remain in full force and effect, and provided that nothing contained herein shall release any party from liability for any willful failure to comply with any provision, covenant or agreement contained herein.

Appears in 1 contract

Samples: Purchase Agreement (SFX Entertainment Inc)

No Liabilities in Event of Termination. In the event of any termination of this the Agreement as provided in Section 10.1 above, this Agreement shall forthwith become wholly void and of no further force or and effect and there shall be no liability on the part of Buyer, the Sellers, the Company Purchaser or their respective officers, directors, or agentsSeller, except that the provisions obligations of Purchaser and Seller under Section 9.1 hereof 9 of this Agreement shall remain in full force and effect, and provided except that nothing contained herein termination shall release not preclude any party from liability suing the other party for any failure to comply with any provision, covenant or agreement contained hereinbreach of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Consolidated Capital of North America Inc)

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No Liabilities in Event of Termination. In Except as set forth in Section 7.3 below, in the event of any termination of this Agreement as provided above, this Agreement shall forthwith become wholly void and of no further force or effect and there shall be no liability on the part of Buyer, the Sellers, the Company or their respective officers, directors, or agents, except that the provisions of Section 9.1 10.1 hereof shall remain in full force and effect, and provided that nothing contained herein shall release any party from liability for any failure to comply with breach of any provision, covenant or agreement contained herein.

Appears in 1 contract

Samples: Asset Purchase Agreement (Grey Wolf Inc)

No Liabilities in Event of Termination. In the event of any termination of this the Agreement as provided in Section 7.1 above, this Agreement shall forthwith become wholly void and of no further force or and effect and there shall be no liability on the part of the Buyer, the Sellers, the Company Seller or their respective officers, officers or directors, or agents, except that the provisions obligations of the Buyer under Section 9.1 hereof 4.1 of this Agreement shall remain in full force and effect, and provided except that nothing contained herein termination shall release not preclude any party from liability suing the other party for any failure to comply with any provision, covenant or agreement contained hereinbreach of this Agreement.

Appears in 1 contract

Samples: Asset Purchase and Contribution Agreement (Figgie International Inc /De/)

No Liabilities in Event of Termination. In the event of any termination of this Agreement as provided abovein Section 9.1, this Agreement shall forthwith become wholly void and of no further force or and effect and there shall be no liability on the part of Buyer, the Sellers, the Company Buyer or their respective officers, directors, or agentsSeller, except that the provisions obligations of the parties under Sections 12.1 (Public Announcement), 12.2 (Expenses), 12.6 (Notices), 12.16 (Applicable Law) of this Agreement and this Section 9.1 hereof 9.2 shall remain in full force and effect, and provided except that nothing contained herein such termination shall release any not relieve either party from liability for any failure to comply with material breach of any provision, covenant or agreement contained hereinin this Agreement prior to such termination.

Appears in 1 contract

Samples: Purchase Agreement (Bausch & Lomb Inc)

No Liabilities in Event of Termination. In the event of any termination of this Agreement as provided abovein this Section 6.3, this Agreement shall forthwith become wholly void and of no further force or effect and there shall be no liability on the part of Buyer, the Sellersany Seller, the Company any Guarantor or their respective officers, directors, or agents, except that the provisions of Section 9.1 10.1, 10.10 and 10.12 hereof shall remain in full force and effect, and provided that nothing contained herein shall release any party from liability for any failure to comply with any provision, covenant or agreement contained herein.

Appears in 1 contract

Samples: Employment Agreement (Eagle Geophyical Inc)

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