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

Procedure for and Effect of Termination. In the event that this Agreement is terminated and the Merger is abandoned by the Parent or the Merger Sub, on the one hand, or by the Company, on the other hand, pursuant to Section 8.1, written notice of such termination and abandonment shall forthwith be given to the other parties and this Agreement shall terminate and the Merger shall be abandoned without any further action. If this Agreement is terminated as provided herein, no party hereto shall have any liability or further obligation to any other party under the terms of this Agreement except with respect to the willful breach by any party hereto and except that the provisions of this Section 8.3, Section 8.2, Section 6.9, Article 9 and the final sentence of Section 6.3 shall survive the termination of this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Genesis Eldercare Acquisition Corp), Merger Agreement (Multicare Companies Inc)

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Procedure for and Effect of Termination. In the event that this Agreement is terminated and the Merger is abandoned by the Parent or the Merger Sub, on the one hand, or by the Company, on the other hand, pursuant to Section 8.1, written notice of such termination and abandonment shall forthwith be given to the other parties and this Agreement shall terminate and the Merger shall be abandoned without any further action. If this Agreement is terminated as provided herein, no party hereto shall have any liability or further obligation to any other party under the terms of this Agreement except (i) with respect to the willful breach by any party hereto hereto, and except (ii) that this Section 8.2, the provisions last sentence of this Section 5.4, Section 8.3, Section 8.2, 9.2 and Section 6.9, Article 9 and the final sentence of Section 6.3 9.3 shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Appliedtheory Corp)

Procedure for and Effect of Termination. In the event that this Agreement is terminated and the Merger is abandoned by the Parent or the Merger Sub, on the one hand, or by the Company, on the other hand, pursuant to to Section 8.1, 7.1 written notice of such termination and abandonment shall forthwith be given to the other parties and this Agreement shall terminate and the Merger shall be abandoned without any further action. If this Agreement is terminated as provided herein, no party hereto shall have any liability or further obligation to any other party under the terms of this Agreement except (i) with respect to the willful breach by any party hereto hereto, (ii) as provided under Section 7.1(d) and except that (iii) the provisions of this Section 8.37.2, Section 8.2, Section 6.9, Article 9 and the final second sentence of Section 6.3 5.3.1, Section 7.1(d) and Article 8 shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Integon Corp /De/)

Procedure for and Effect of Termination. In the event that this Agreement is terminated and the Merger is abandoned by the Parent or the Merger Sub, on the one hand, or by the Company, on the other hand, pursuant to Section 8.110.1, written notice of such termination and abandonment shall forthwith be given to the other parties and this Agreement shall terminate and the Merger shall be abandoned without any further action. If this Agreement is terminated as provided herein, no party hereto shall have any liability or further obligation to any other party under the terms of this Agreement except (i) with respect to the willful breach by any party hereto hereto, and except (ii) that the provisions of this Section 8.310.2, Section 8.2, Section 6.9, Article 9 and the final last sentence of Section 6.3 5.4, Section 5.6, Section 11.3 and Section 11.4 shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Appliedtheory Corp)

Procedure for and Effect of Termination. In the event that this Agreement is terminated and the Merger is abandoned by the Parent or the Merger Sub, on the one hand, or by the Company, on the other hand, pursuant to Section 8.17.1, written notice of such termination and abandonment shall forthwith be given to the other parties and this Agreement shall terminate and the Merger shall be abandoned without any further action. If this Agreement is terminated as provided herein, no party hereto shall have any liability or further obligation to any other party under the terms of this Agreement except (i) with respect to the willful breach by any party hereto hereto, and except (ii) that the provisions of this Section 8.37.2, Section 8.2, Section 6.9, Article 9 and the final last sentence of Section 6.3 4.4, Section 8.2 and Section 8.3 shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Pure Vanilla Exchange Inc)

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Procedure for and Effect of Termination. In the event that this Agreement is terminated and the Merger is abandoned by the Parent or the Merger Sub, on the one hand, or by the Company, on the other hand, pursuant to Section 8.1, written notice of such termination and abandonment shall forthwith be given to the other parties and this Agreement shall terminate and the Merger shall be abandoned without any further action. If this Agreement is terminated as provided herein, no party hereto shall have any liability or further obligation to any other party under the terms of this Agreement except (i) with respect to the willful breach by any party hereto hereto, and except (ii) that the provisions of this Section 8.3, Section 8.2, Section 6.9, Article 9 and the final last sentence of Section 6.3 5.4, Section 9.2 and Section 9.3 shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Appliedtheory Corp)

Procedure for and Effect of Termination. In the event that this Agreement is terminated and the Merger is abandoned by the Parent or the Merger SubUSFS, on the one hand, or by the Company, on the other hand, pursuant to Section 8.17.1, written notice of such termination and abandonment shall forthwith be given to the other parties party (and to HSA and HPI) and this Agreement shall terminate and the Merger shall be abandoned without any further action. If this Agreement is terminated as provided herein, no party hereto shall have any liability or further obligation to any other party under the terms of this Agreement except with respect to the willful breach by any party hereto and except that the provisions of this Section 8.3, Section 8.2, Section 6.9, 7.2 and Article 9 and the final sentence of Section 6.3 8 shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Us Franchise Systems Inc)

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