Obligations to Cease. Subject to the next sentence, if this Agreement is terminated pursuant to Section 6.1 hereof, all rights and obligations of the Parties under this Agreement shall thereafter terminate and there shall be no liability of any party hereto to any other Party except for the obligations set forth in Sections 8.1 and 8.8 hereof. Termination of this Agreement pursuant to Section 6.1 shall not, however, limit or impair any remedies that the terminating Party may have with respect to a breach or default by the other Party prior to the date of termination of its representations, warranties, covenants or agreements or obligations under this Agreement.
Appears in 5 contracts
Samples: Option to Purchase Assets Agreement (Hydrodynex, Inc.), Asset Purchase Agreement (FBC Holding Inc.), Asset Purchase Agreement (FBC Holding Inc.)
Obligations to Cease. Subject to the next sentence, if If this Agreement is terminated pursuant to Section 6.1 7.1 hereof, all rights and obligations of the Parties under this Agreement shall thereafter terminate and there shall be no liability of any party hereto to any other Party except (x) for the obligations set forth in Sections 8.1 9.1 hereof and 8.8 hereof(y) if such termination was pursuant to Section 7.1(c) or 7.1(d), the terminating Party shall have all legal remedies available to it with respect to such termination. Termination of this Agreement pursuant to Section 6.1 7.1 shall not, however, limit or impair any remedies that the terminating Party may have with respect to a breach or default by the other Party prior to the date of termination of its representations, warranties, covenants or agreements or obligations under this Agreement.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Renhuang Pharmaceuticals Inc), Asset Purchase Agreement (Chaus Bernard Inc)
Obligations to Cease. Subject to the next sentence, if If this Agreement is terminated pursuant to Section 6.1 7.1 hereof, all rights and obligations of the Parties under this Agreement shall thereafter terminate and there shall be no liability of any party hereto to any other Party except for the obligations set forth in Sections 8.1 9.1 and 8.8 9.8 hereof. Termination of this Agreement pursuant to Section 6.1 7.1 shall not, however, limit or impair any remedies that the terminating Party may have with respect to a breach or default by the other Party prior to the date of termination of its representations, warranties, covenants or agreements or obligations under this Agreement.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Pacificap Entertainment Holdings Inc), Asset Purchase Agreement (Collectible Concepts Group Inc)
Obligations to Cease. Subject to the next sentence, if this Agreement AGREEMENT is terminated pursuant to Section 6.1 hereof, all rights and obligations of the Parties PARTIES under this Agreement AGREEMENT shall thereafter terminate and there shall be no liability of any party PARTY hereto to any other Party PARTY except for the obligations set forth in Sections 8.1 and 8.8 hereof. Termination of this Agreement AGREEMENT pursuant to Section 6.1 shall not, however, limit or impair any remedies that the terminating Party PARTY may have with respect to a breach or default by the other Party PARTY prior to the date of termination of its representations, warranties, covenants or agreements or obligations under this AgreementAGREEMENT.
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