Procedure and Effect of No-Default Termination. In the event of termination of this Agreement by any Party pursuant to this Section 9, written notice thereof shall forthwith be given by the terminating Party to the other Parties, whereupon, if this Agreement is terminated pursuant to Section 9.1 (but only in the case of termination pursuant to Subsections (e) or (f) where a breach of a representation or warranty by the non-terminating Party is not willful), the liabilities of the Parties hereunder will terminate, except as otherwise expressly provided in this Agreement, and thereafter no Party shall have any recourse against any of the other Parties by reason of this Agreement.
Appears in 4 contracts
Samples: Asset Purchase Agreement (New York State Electric & Gas Corp), Asset Purchase Agreement (Niagara Mohawk Power Corp /Ny/), Asset Purchase Agreement (Niagara Mohawk Power Corp /Ny/)
Procedure and Effect of No-Default Termination. In the event of ---------------------------------------------- termination of this Agreement by any Party pursuant to this Section 9, written notice thereof shall forthwith be given by the terminating Party to the other Parties, whereupon, if this Agreement is terminated pursuant to Section 9.1 (but only in the case of termination pursuant to Subsections (e) or (f) where a breach of a representation or warranty by the non-terminating Party is not willful), the liabilities of the Parties hereunder will terminate, except as otherwise expressly provided in this Agreement, and thereafter no Party shall have any recourse against any of the other Parties by reason of this Agreement.
Appears in 1 contract
Samples: Asset Purchase Agreement (Rochester Gas & Electric Corp)
