Procedure for Termination; Effect of Termination. A party terminating this Agreement pursuant to this Section 10 shall give written notice thereof to each other party hereto, whereupon this Agreement shall terminate and the transactions contemplated hereby shall be abandoned without further action by any party and all further obligations of the parties under this Agreement will terminate; provided, however, that if such termination is pursuant to Section 10.1(iii), the terminating party's right to pursue all legal remedies (including damages and/or specific performance) contemplated by Section 9 will survive such termination unimpaired.
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Samples: Contribution Agreement (Pennsylvania Real Estate Investment Trust), Contribution Agreement (Pennsylvania Real Estate Investment Trust)
Procedure for Termination; Effect of Termination. (a) A party terminating this Agreement pursuant to this Section 10 shall give written notice thereof to each other party hereto, whereupon this Agreement shall terminate and the transactions contemplated hereby shall be abandoned without further action by any party and all further obligations of the parties under this Agreement will terminate; provided, however, that if such termination is pursuant to Section 10.1(iii), the terminating party's right to pursue all legal remedies (including damages and/or specific performance) contemplated by Section 9 will survive such termination unimpaired, except as limited by Section 10.2(b) below.
Appears in 1 contract
Samples: Contribution Agreement (Pennsylvania Real Estate Investment Trust)
Procedure for Termination; Effect of Termination. A party terminating this Agreement pursuant to this Section 10 11 shall give written notice thereof to each other party hereto, whereupon this Agreement shall terminate and the transactions contemplated hereby shall be abandoned without further action by any party party, the Deposit and any interest earned thereon shall be returned to the UPREIT, and all further obligations of the parties under this Agreement will terminateterminate (other than any obligations which expressly survive Closing); provided, however, that if such termination is pursuant to Section 10.1(iii), the terminating party's right to pursue all legal remedies (including damages and/or specific performance) contemplated by Section 9 will survive such termination unimpaired.that:
Appears in 1 contract
Samples: Contribution Agreement (Pennsylvania Real Estate Investment Trust)
Procedure for Termination; Effect of Termination. A party terminating this Agreement pursuant to this Section 10 7.1 shall give written notice thereof to each other party hereto, whereupon this Agreement shall terminate and the transactions contemplated hereby shall be abandoned without further action by any party or any of their respective officers, directors or shareholders and all further obligations of the parties under this Agreement will shall terminate, except the obligations in Sections 10.1 and 10.3 shall survive; provided, however, that if such termination is pursuant to Section 10.1(iii7.1(c), the terminating party's right to pursue all legal remedies (including damages and/or specific performance) contemplated by Section 9 will shall survive such termination unimpaired.
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Procedure for Termination; Effect of Termination. A party terminating this Agreement pursuant to this Section 10 shall give written notice thereof to each other party hereto, whereupon this Agreement shall terminate and the transactions contemplated hereby shall be abandoned without further action by any party party, the Deposit and any interest earned thereon shall be returned to the Purchaser, and all further obligations of the parties under this Agreement will terminateterminate (other than any obligations which expressly survive Closing); provided, however, that if such termination is pursuant to Section 10.1(iii), the terminating party's right to pursue all legal remedies (including damages and/or specific performance) contemplated by Section 9 will survive such termination unimpaired.that:
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Samples: Acquisition Agreement (Pennsylvania Real Estate Investment Trust)