Common use of Obligations to Cease Clause in Contracts

Obligations to Cease. In the event that this Agreement shall be terminated pursuant to Section 10(a) hereof, all obligations of the parties hereto under this Agreement shall terminate and there shall be no liability of any party hereto to any other party except that (i) the provisions of the second paragraph of Section 6(a), Section 11, and Section 12(g) shall survive, and shall be and remain in full force and effect and (ii) nothing herein will relieve any party from liability for any willful breach of this Agreement.

Appears in 3 contracts

Samples: Securities Purchase and Exchange Agreement (Nestor Inc), Securities Purchase Agreement (Wand Nestor Investments L P Et Al), Securities Purchase and Exchange Agreement (Wand Nestor Investments L P Et Al)

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Obligations to Cease. In the event that this Agreement shall be terminated pursuant to Section 10(a) hereof, all obligations of the parties hereto under this Agreement shall terminate and there shall be no liability of any party hereto to any other party except that (i) the provisions of the second paragraph of Section 6(a), Section 11, and Section 12(g12(b) shall survive, and shall be and remain in full force and effect and (ii) nothing herein will relieve any party from liability for any willful breach of this Agreement.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Nestor Inc), Securities Purchase Agreement (Transaction Systems Architects Inc)

Obligations to Cease. In the event that this Agreement shall be terminated pursuant to Section 10(a) 11.1 hereof, all obligations of the parties hereto under this Agreement shall terminate and there shall be no liability of any party hereto to any other party except that for (i) the provisions of the second paragraph of obligations with respect to publicity contained in Section 6(a), Section 11, and Section 12(g) shall survive, and shall be and remain in full force and effect 12.1 hereof and (ii) nothing herein will relieve any party from liability for any willful breach of this Agreementthe obligations with respect to costs contained in Section 12.2 hereof.

Appears in 2 contracts

Samples: Asset Acquisition Agreement (Supergen Inc), Asset Acquisition Agreement (Supergen Inc)

Obligations to Cease. In the event that this Agreement shall be terminated pursuant to Section 10(a) hereof9.1, all obligations and agreements of the parties hereto under set forth in this Agreement shall terminate forthwith become void except for the obligations that expressly survive termination, and there shall be no liability of any party hereto to any other party except that (i) or obligations on the provisions part of the second paragraph parties hereto except as otherwise provided in this Agreement. Notwithstanding the foregoing, the termination of this Agreement under Section 6(a), Section 11, and Section 12(g) 9.1 shall survive, and shall be and remain in full force and effect and (ii) nothing herein will not relieve any party from of any liability for any willful breach of this AgreementAgreement prior to the date of termination.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Progressive Care Inc.), Membership Interest Purchase Agreement

Obligations to Cease. In the event that this Agreement shall be terminated pursuant to Section 10(a) 10.1 hereof, all obligations of the parties hereto under this Agreement shall terminate and there shall be no liability of any party hereto to any other party except that (i) for the provisions of the second paragraph of obligations set forth in Section 6(a), Section 11, and Section 12(g) shall survive, and shall be and remain in full force and effect and (ii) nothing herein will relieve any party from liability for any willful breach of this Agreement11.1 hereof.

Appears in 1 contract

Samples: Purchase Agreement (Lady Luck Gaming Corp)

Obligations to Cease. In the event that If this Agreement shall be is terminated pursuant to Section 10(a) hereof2.1, all obligations of the parties hereto under to this Agreement shall terminate and there shall be no liability of any party hereto to any other party except that (i) the provisions of the second paragraph of Section 6(a), Section 11, as set forth in Sections 6.4 and Section 12(g) shall survive, and shall be and remain in full force and effect 8.6 and (ii) that nothing herein will relieve any party from liability for any willful breach of this Agreement.

Appears in 1 contract

Samples: Patent Purchase Agreement (PCT Holdings Inc /Nv/)

Obligations to Cease. In the event that this Agreement shall be terminated pursuant to Section 10(a) 10.1 hereof, all obligations of the parties hereto under this Agreement shall terminate and there shall be no liability of any party hereto to any other party except that for the obligations (i) the provisions of the second paragraph of with respect to non-disclosure contained in Section 6(a), Section 11, and Section 12(g) shall survive, and shall be and remain in full force and effect 5.2 hereof and (ii) nothing set forth in Sections 11.1 and 11.2 hereof. Nothing herein will relieve any party from liability for any willful breach of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Analysts International Corp)

Obligations to Cease. In the event that If this Agreement shall be is terminated pursuant to Section 10(a) hereof2.1, all obligations of the parties hereto under to this Agreement shall terminate and there shall be no liability of any party hereto to any other party except that (i) the provisions of the second paragraph of Section 6(a), Section 11, as set forth in Sections 6.4 and Section 12(g) shall survive, and shall be and remain in full force and effect 8.6; and (ii) that nothing herein will relieve any party from liability for any willful breach of this Agreement.

Appears in 1 contract

Samples: Patent Purchase Agreement (PCT Holdings Inc /Nv/)

Obligations to Cease. In the event that this Agreement shall be terminated pursuant to Section 10(a) hereof10.1, all obligations of the parties hereto under this Agreement shall terminate and there shall be no liability of any party hereto to any other party except that for (ia) the provisions of the second paragraph of obligations with respect to confidentiality contained in Section 6(a), Section 11, and Section 12(g) shall survive, and shall be and remain in full force and effect 6.1 and (iib) nothing herein will relieve any party from liability for any willful breach of this Agreementthe obligations with respect to costs contained in Section 12.1.

Appears in 1 contract

Samples: Asset Purchase Agreement (Healthcare Integrated Services Inc)

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Obligations to Cease. In the event that this Agreement shall be terminated pursuant to Section 10(a) hereof, all obligations of the parties hereto under this Agreement shall terminate and there shall be no liability of any party hereto to any other party except that (i) the provisions of the second paragraph para graph of Section 6(a), Section 11, and Section 12(g) shall survive, and shall be and remain in full force and effect and (ii) nothing herein will relieve any party from liability for any willful breach of this Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Nestor Inc)

Obligations to Cease. In the event that If this Agreement shall be is terminated pursuant to Section 10(a) hereof, -------------------- Section 6.1 all obligations of the parties hereto under to this Agreement shall terminate and there shall be no liability of any party hereto to any other party except that (i) the provisions of the second paragraph of as set forth in Section 6(a), Section 11, and Section 12(g) shall survive, and shall be and remain in full force and effect 8.13 and (ii) that nothing herein will relieve any party from liability for any willful breach of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Aris Corp/)

Obligations to Cease. In the event that this Agreement shall be terminated pursuant to Section 10(a) 11.01 hereof, all obligations of the parties hereto under this Agreement shall terminate and there shall be no liability of any party hereto to any other party except that (i) for the provisions of the second paragraph of obligations with respect to confidentiality contained in Section 6(a)5.08 hereof, Section 11, and Section 12(g) shall survive, and shall be and remain in full force and effect and (ii) as set forth in Section 13.02 hereof, and (iii) that nothing herein will relieve any party from liability for any willful breach of this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (Serologicals Corp)

Obligations to Cease. In the event that this Agreement shall be is terminated pursuant to Section 10(a) 11.1 hereof, all obligations of the parties hereto under this Agreement shall terminate and there shall be no liability of any party hereto to any other party except that (i) for the provisions of obligations with respect to publicity contained in Section 12.1 hereof and the second paragraph of obligations with respect to costs contained in Section 6(a), Section 11, and Section 12(g) shall survive, and shall be and remain in full force and effect and (ii) nothing herein will relieve any party from liability for any willful breach of this Agreement12.2 hereof.

Appears in 1 contract

Samples: Purchase Agreement (Providence Service Corp)

Obligations to Cease. In the event that this Agreement shall be terminated pursuant to Section 10(a) 12.1 hereof, all obligations of the parties hereto under this Agreement shall terminate and there shall be no liability of any party hereto to any other party except that (i) for the provisions of the second paragraph of obligations set forth in Section 6(a), Section 11, and Section 12(g) shall survive, and shall be and remain in full force and effect and (ii) nothing herein will relieve any party from liability for any willful breach of this Agreement13.1 hereof.

Appears in 1 contract

Samples: Purchase Agreement (Lady Luck Gaming Corp)

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