Common use of Notice and Effect of Termination Clause in Contracts

Notice and Effect of Termination. On termination of this Agreement, the transactions contemplated herein shall forthwith be abandoned and all continuing obligations and liabilities of the parties under or in connection with this Agreement shall be terminated and of no further force or effect; provided, however, that nothing herein shall relieve any party from liability for any misrepresentation, breach of warranty or breach of covenant contained in this Agreement prior to such termination.

Appears in 7 contracts

Samples: Asset Purchase Agreement (Waste Connections Inc/De), Stock Purchase Agreement (Waste Connections Inc/De), Asset Purchase Agreement (Waste Connections Inc/De)

AutoNDA by SimpleDocs

Notice and Effect of Termination. On In the event of the termination and abandonment of this AgreementAgreement pursuant to Section 7.1, the transactions contemplated herein written notice thereof shall forthwith be abandoned given to the other party or parties specifying the provision pursuant to which such termination is made, and all continuing obligations and liabilities of the parties under or in connection with this Agreement shall be terminated forthwith become void and have no effect without any liability on the part of no further force any party or effect; providedits directors, howevermanagers, that nothing herein officers, members or shareholders. Nothing contained in this Section 7.2 shall relieve any party from any liability for any misrepresentation, breach of warranty or breach of covenant contained in this Agreement prior to such terminationAgreement.

Appears in 2 contracts

Samples: Agreement and Plan of Acquisition (Clearworks Net Inc), Agreement and Plan of Acquisition (Billserv Com Inc)

Notice and Effect of Termination. On termination of this Agreement, the transactions transaction contemplated herein shall forthwith be abandoned and all continuing obligations and liabilities of the parties under or in connection with this Agreement shall be terminated and of no further force or effect; provided, however, that nothing herein shall relieve any party from liability for any misrepresentation, breach of warranty or breach of covenant contained in this Agreement prior to such termination.

Appears in 1 contract

Samples: Asset Purchase Agreement (Homenet Corp)

AutoNDA by SimpleDocs

Notice and Effect of Termination. On termination of this Agreement, the transactions contemplated herein shall forthwith be abandoned and all continuing obligations and liabilities of the parties under or in connection with this Agreement shall be terminated and of no further force or effect; provided, however, that nothing herein shall relieve any party from liability for any Equity Purchase Agreement PCRCD misrepresentation, breach of warranty or breach of covenant contained in this Agreement prior to such termination. If this Agreement has terminated due to the breach of any party, such party shall remain liable for any damages arising from such breach.

Appears in 1 contract

Samples: Equity Purchase Agreement (Waste Connections Inc/De)

Time is Money Join Law Insider Premium to draft better contracts faster.