Procedure for and Effect of Termination. In the event of the termination and abandonment of this Agreement by Seller or Purchaser pursuant to Section 7.1 hereof, written notice thereof shall forthwith be given to the other party. If the transactions contemplated by this Agreement are terminated as provided herein:
Appears in 4 contracts
Samples: Purchase Agreement (Motor Club of America), Purchase Agreement (Ceres Group Inc), Purchase Agreement (Universal American Financial Corp)
Procedure for and Effect of Termination. (a) In the event of the termination of this Agreement and abandonment of this Agreement the transactions contemplated hereby by Seller or Purchaser the parties hereto pursuant to Section 7.1 8.1 hereof, written notice thereof shall forthwith be given by a party so terminating to the other party. If party and this Agreement shall forthwith terminate and be of no further effect, and the transactions contemplated hereby shall be abandoned without further action by this Agreement are terminated as provided herein:Seller or Buyer Group.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Coherent Inc), Asset Purchase Agreement (Coherent Inc), Asset Purchase Agreement (Esc Medical Systems LTD)
Procedure for and Effect of Termination. In the event of the termination of this Agreement and abandonment of this Agreement the transactions contemplated hereby by Seller or Purchaser the parties hereto pursuant to Section 7.1 6.1 hereof, written notice thereof shall forthwith be given by a party so terminating to the other party. If 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, the Seller Shareholders, Cendant, the Buyer or the Sub. If this Agreement are is terminated as provided hereinpursuant to Section 6.1 hereof:
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