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 in Section 10.01 above, (a) this Agreement shall forthwith become wholly void and of no further force and effect except for provisions of Sections 6.01 and 6.09 and (b) there shall be no liability on the part of any of the parties hereto, except that such termination shall not preclude any party from pursuing judicial remedies for damages and/or other relief as a result of the willful breach by the other party of any representation or warranty or the breach by the other party of any covenant or agreement contained herein prior to termination, including, without limitation, either party’s pursuit of judicial remedies as a result of the other party’s failure to comply with Section 6.07 hereof.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Primedia Inc), Stock Purchase Agreement (New York Times Co), Stock Purchase Agreement (New York Times Co)

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No Liabilities in Event of Termination. In the event of any termination of this Agreement as provided in Section 10.01 above, (a) this Agreement shall forthwith become wholly void and of no further force and effect except for provisions of Sections 6.01 and 6.09 and (b) there shall be no liability on the part of any of the parties hereto, except (i) that such termination shall not preclude any party from pursuing judicial remedies for damages and/or other relief as a result of the willful breach by the other party of any representation or warranty or the breach by the other party of any covenant or agreement contained herein prior to termination, including, without limitation, either party’s pursuit of judicial remedies as a result of the other party’s failure to comply with Section 6.07 hereof, and (ii) as set forth in the immediately preceding clause (a).

Appears in 1 contract

Samples: Stock Purchase Agreement (Primedia Inc)

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