Common use of Post-Termination Liability Clause in Contracts

Post-Termination Liability. If this Agreement is terminated pursuant to Section 11.1(a) hereof, this Agreement shall thereupon become void and of no further effect whatsoever, and the parties shall be released and discharged of all obligations under this Agreement, except (i) to the extent of a party's liability for willful material breaches of this Agreement prior to the time of such termination and (ii) the obligations of each party for its own expenses incurred in connection with the transactions contemplated by this Agreement as provided herein.

Appears in 1 contract

Samples: Purchase Agreement (Barnes & Noble Inc)

AutoNDA by SimpleDocs

Post-Termination Liability. If this Agreement is terminated -------------------------- pursuant to Section Subsection 11.1(a) hereof, this Agreement shall thereupon become void and of no further effect whatsoever, and the parties shall be released and discharged of all obligations under this Agreement, except (i) to the extent of a party's liability for willful material breaches of this Agreement prior to the time of such termination termination, (ii) as set forth in Section 4.5 hereof and (iiiii) the obligations of each party for its own expenses incurred in connection with the transactions contemplated by this Agreement as provided herein.

Appears in 1 contract

Samples: Stock Purchase Agreement (Global Crossing LTD)

Post-Termination Liability. If this Agreement is terminated pursuant to Section Subsection 11.1(a) hereof, this Agreement shall thereupon become void and of no further effect whatsoever, and the parties shall be released and discharged of all obligations under this Agreement, except (i) to the extent of a party's liability for willful material breaches of this Agreement prior to the time of such termination termination, (ii) as set forth in Section 4.5 hereof and (iiiii) the obligations of each party for its own expenses incurred in connection with the transactions contemplated by this Agreement as provided herein.

Appears in 1 contract

Samples: Stock Purchase Agreement (Citizens Communications Co)

AutoNDA by SimpleDocs

Post-Termination Liability. If this Agreement is terminated pursuant to Section 11.1(aSubsection 10.1(a) hereof, this Agreement shall thereupon become void and of no further effect whatsoever, and the parties shall be released and discharged of all obligations under this Agreement, except (i) to the extent of a party's liability for willful material breaches of this Agreement prior to the time of such termination termination, (ii) as set forth in Section 5.4 hereof and (iiiii) the obligations of each party for its own expenses incurred in connection with the transactions contemplated by this Agreement as provided herein.

Appears in 1 contract

Samples: Purchase Agreement (Sinclair Broadcast Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!