Common use of Procedure for and Effect of Termination Clause in Contracts

Procedure for and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the parties hereto pursuant to Section 6.1 hereof, written notice thereof shall be given by a party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby shall be abandoned without further action by the Seller or the Buyer. If this Agreement is terminated pursuant to Section 6.1 hereof:

Appears in 3 contracts

Samples: Escrow Agreement (Pdi Inc), Stock Purchase Agreement (Cendant Corp), Stock Purchase Agreement (Ralcorp Holdings Inc /Mo)

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Procedure for and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the parties hereto pursuant to Section 6.1 10.1 hereof, written notice thereof shall be given by a party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby shall be abandoned without further action by any of the Seller or the Buyerparties hereto. If this Agreement is terminated pursuant to Section 6.1 10.1 hereof:

Appears in 3 contracts

Samples: Agreement and Plan of Merger and Reorganization (Fah Co Inc), Agreement and Plan of Merger and Reorganization (Cendant Stock Corp), Agreement and Plan of Merger And (Avis Rent a Car Inc)

Procedure for and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the parties hereto pursuant to Section 6.1 hereof, written notice thereof shall be given by a party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void (except as provided in Section 6.2(c) below) and of no further effect, and the transactions contemplated hereby shall be abandoned without further action by the Seller or the Buyer. If this Agreement is terminated pursuant to Section 6.1 hereof:

Appears in 2 contracts

Samples: Escrow Agreement (Driversshield Com Corp), Stock Purchase Agreement (Accessity Corp)

Procedure for and Effect of Termination. (a) In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the parties hereto pursuant to Section 6.1 8.1 hereof, written notice thereof shall be given by a party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and be of no further effect, and the transactions contemplated hereby shall be abandoned without further action by the Seller Group or the Buyer. If this Agreement is terminated pursuant to Section 6.1 hereof:.

Appears in 2 contracts

Samples: Asset Purchase Agreement (3com Corp), Asset Purchase Agreement (Utstarcom Inc)

Procedure for and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby Transactions by the parties hereto pursuant to any party as provided under Section 6.1 hereof9.1, written notice thereof shall be given by a party so terminating to the other party parties and this Agreement shall forthwith terminate and shall become null and void and of have no further effect, and the transactions contemplated hereby Transactions shall be abandoned without further action by parties, without any liability or obligation on the Seller or part of the Buyer. parties, other than Section 7.6(b), Section 9.2, this Section 9.5, and Article X. If this Agreement is terminated pursuant to under Section 6.1 hereof9.1:

Appears in 1 contract

Samples: Plan of Merger, Contribution and Sale Agreement (Dynegy Inc /Il/)

Procedure for and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the parties hereto pursuant to Parties under Section 6.1 hereof5.5(a), written notice thereof shall be given by a party Party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby shall be abandoned without further action by the Seller or the Buyer. If this Agreement is terminated pursuant to Section 6.1 hereof:other.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Delek US Holdings, Inc.)

Procedure for and Effect of Termination. (a) In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the parties hereto pursuant to this Agreement under Section 6.1 hereof6.1, written notice thereof shall be given by a party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby by this Agreement shall be abandoned without further action by the Seller or the Buyer. If this Agreement is terminated pursuant to under Section 6.1 hereof6.1:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Rowan Companies Inc)

Procedure for and Effect of Termination. In the event --------------------------------------- of termination of this Agreement and abandonment of the transactions contemplated hereby by the parties hereto pursuant to Section 6.1 hereof, written notice thereof shall be given by a party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby shall be abandoned without further action by the Seller or the Buyer. If this Agreement is terminated pursuant to Section 6.1 hereof:

Appears in 1 contract

Samples: Exchange Agreement (Ticketmaster Online Citysearch Inc)

Procedure for and Effect of Termination. In the event of --------------------------------------- termination of this Agreement and the abandonment of the transactions contemplated hereby by the parties hereto pursuant to Section 6.1 hereof, written notice thereof shall be given by a party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby shall be abandoned without further action by the Seller Cendant or the BuyerLiberty. If this Agreement is terminated pursuant to Section 6.1 hereof:

Appears in 1 contract

Samples: Purchase Agreement (Liberty Media Corp /De/)

Procedure for and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by this Agreement by the parties hereto pursuant to under Section 6.1 hereof6.1, written notice thereof shall be given by a party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby by this Agreement shall be abandoned without further action by the Seller or the Buyer. If this Agreement is terminated pursuant to under Section 6.1 hereof6.1:

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Imperial Sugar Co /New/)

Procedure for and Effect of Termination. In the event of the termination of this Agreement and the abandonment of the transactions contemplated hereby by the parties hereto pursuant to Section 6.1 hereof, written notice thereof shall forthwith be given by a the party so terminating to the other party party, and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby shall be abandoned abandoned, without further action by the Seller or the Buyeraction. If this Agreement is terminated pursuant to Section 6.1 hereof:

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Stanhome Inc)

Procedure for and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by this Agreement by the parties hereto pursuant to Parties under Section 6.1 hereof8.1, written notice thereof shall be given by a party the Party so terminating to the other party Party and this Agreement shall forthwith terminate and shall become null and void and of no further effectterminate, and the transactions contemplated hereby by this Agreement shall be abandoned without further action by the Seller or the Buyer. If this Agreement is terminated pursuant to under Section 6.1 hereof8.1:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Inergy L P)

Procedure for and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by this Agreement by the parties hereto pursuant to under Section 6.1 hereofof this Agreement, written notice thereof shall be given by a party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby by this Agreement shall be abandoned without further action by the Seller or the Buyer. If this Agreement is terminated pursuant to under Section 6.1 hereofof this Agreement:

Appears in 1 contract

Samples: Stock Purchase Agreement (Imperial Sugar Co /New/)

Procedure for and Effect of Termination. In the event of --------------------------------------- termination of this Agreement and the abandonment of the transactions contemplated hereby by the parties hereto pursuant to Section 6.1 hereof, written notice thereof shall be given by a party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby shall be abandoned without further action by the Seller Cendant or the BuyerTrust. If this Agreement is terminated pursuant to Section 6.1 hereof:

Appears in 1 contract

Samples: Purchase Agreement (Liberty Media Corp /De/)

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Procedure for and Effect of Termination. In the event of termination of this Agreement and abandonment by either of the transactions contemplated hereby by the parties hereto pursuant to Parties under Section 6.1 hereof5.5(a), written notice thereof shall be given by a party Party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby shall be abandoned without further action by the Seller or the Buyer. If this Agreement is terminated pursuant to Section 6.1 hereof:other.

Appears in 1 contract

Samples: Non Solicitation Agreement (EQM Technologies & Energy, Inc.)

Procedure for and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the parties hereto pursuant to Section 6.1 hereof7.1, written notice thereof shall be given by a party so terminating to the other party and and, except as set forth in Section 7.2(c), this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby shall be abandoned without further action by the Seller or the BuyerParties. If this Agreement is terminated pursuant to Section 6.1 hereof7.1:

Appears in 1 contract

Samples: Stock Purchase Agreement (Phoenix Companies Inc/De)

Procedure for and Effect of Termination. In the event of termination of this Agreement and the abandonment of the transactions contemplated hereby by the parties hereto pursuant to Section 6.1 hereof, written notice thereof shall be given by a party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby shall be abandoned without further action by the Seller Cendant or the BuyerLiberty. If this Agreement is terminated pursuant to Section 6.1 hereof:

Appears in 1 contract

Samples: Purchase Agreement (Cendant Corp)

Procedure for and Effect of Termination. In the --------------------------------------- event of termination of this Agreement and abandonment of the transactions contemplated hereby by the parties hereto pursuant to Section 6.1 hereof, written notice thereof shall be given by a party so terminating to the other party parties and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby shall be abandoned without further action by the Seller or the Buyerterminate. If this Agreement is terminated pursuant to Section 6.1 hereof:

Appears in 1 contract

Samples: Stock Purchase Agreement (Primark Corp)

Procedure for and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by this Agreement by the parties hereto pursuant to under Section 6.1 hereofof this Agreement, written notice thereof shall be given by a party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby by this Agreement shall be abandoned without further action by the Seller Sellers or the Buyer. If this Agreement is terminated pursuant to under Section 6.1 hereofof this Agreement:

Appears in 1 contract

Samples: Stock Purchase Agreement (Pride International Inc)

Procedure for and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by the parties hereto pursuant to this Agreement by either Party as provided under Section 6.1 hereof7.1 of this Agreement, written notice thereof shall be given by a party Party so terminating to the other party Party and this Agreement shall forthwith terminate and shall become null and void and of have no further effect, and the transactions contemplated hereby by this Agreement shall be abandoned without further action by Sellers or Buyer, without any liability or obligation on the Seller part of Sellers or Buyer, other than the Buyerprovisions of Section 5.2(b), this Section 7.2, and Article VIII. If this Agreement is terminated pursuant to under Section 6.1 hereof7.1:

Appears in 1 contract

Samples: Purchase and Sale Agreement (International Power PLC)

Procedure for and Effect of Termination. In the event of termination of this Agreement and the abandonment of the transactions contemplated hereby by the parties hereto pursuant to Section 6.1 hereof, written notice thereof shall be given by a party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby shall be abandoned without further action by the Seller Cendant or the BuyerLiberty Digital. If this Agreement is terminated pursuant to Section 6.1 hereof:

Appears in 1 contract

Samples: Purchase Agreement (Cendant Corp)

Procedure for and Effect of Termination. In the event of termination of this Agreement and the abandonment of the transactions contemplated hereby by the parties hereto pursuant to Section 6.1 hereof, written notice thereof shall be given by a party so terminating to the other party and this Agreement shall forthwith terminate and shall become null and void and of no further effect, and the transactions contemplated hereby shall be abandoned without further action by the Seller Cendant or the BuyerNRT. If this Agreement is terminated pursuant to Section 6.1 hereof:

Appears in 1 contract

Samples: Purchase Agreement (Cendant Corp)

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