Common use of Procedures and Effect of Termination Clause in Contracts

Procedures and Effect of Termination. In order to effect the ------------------------------------ termination of this Agreement pursuant to, and in accordance with, the terms and conditions of any provision of Section 6.2 hereof, written notice of such ----------- termination shall be given by a party to the other party to this Agreement and this Agreement, assuming the relevant provision of Section 6.2 has been ----------- satisfied, shall terminate and the transactions contemplated hereby shall be abandoned, without further action by either of the parties hereto. If this Agreement is terminated as provided herein: (a) upon request therefor, each party shall redeliver all documents, work papers and other materials of the other party hereto, and all copies of any such materials, relating to the transactions contemplated hereby, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) force and effect and the parties shall have the obligations stated therein, and (ii) no party waives any claim or right for damages against a breaching party to the extent that such termination results from the breach by a party hereto of any of its representations, warranties, covenants or agreements set forth herein.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nm Licensing LLC)

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Procedures and Effect of Termination. In order to effect the ------------------------------------ termination of this Agreement pursuant to, and in accordance with, the terms and conditions of any provision of Section 6.2 hereof17.1, written notice of such ----------- termination ------------ shall be given by a party to the other party to this Agreement and this Agreement, assuming the relevant provision of Section 6.2 17.1 has been ----------- satisfied, shall terminate and ------------ the transactions contemplated hereby shall be abandoned, without further action by either of the parties hereto. If this Agreement is terminated as provided herein: (a) upon request therefor, each party shall redeliver all documents, work papers and other materials of the other party hereto, and all copies of any such materials, relating to the transactions contemplated hereby, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) neither party hereto shall have any liability or further obligation to the other party to this Agreement resulting from such termination except: (i) that the provisions of Section 10.2 (Confidentiality), Section 15.1 ------------ ------------ (Expenses), this Section 17.2 and Section 17.3 shall remain in full force and ------------ ------------ effect and the parties shall have the obligations stated therein, and (ii) no party waives any claim or right for damages against a breaching party to the extent that such termination results from the breach by a party hereto of any of its representations, warranties, covenants or agreements set forth herein.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nm Licensing LLC)

Procedures and Effect of Termination. In order to effect the ------------------------------------ ------------------------------------- termination of this Agreement pursuant to, and in accordance with, the terms and conditions of any provision of Section 6.2 hereof14.1, written notice of such ----------- termination shall be given by a party to the other party to this Agreement and this Agreement, assuming the relevant provision of Section 6.2 14.1 has been ----------- satisfied, shall terminate and ------------ the transactions contemplated hereby shall be abandoned, without further action by either of the parties hereto. If this Agreement is terminated as provided herein: (a) upon request therefor, each party shall redeliver all documents, work papers and other materials of the other party hereto, and all copies of any such materials, relating to the transactions contemplated hereby, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) neither party hereto shall have any liability or further obligation to the other party to this Agreement resulting from such termination except: (i) that the provisions of Section 9.1 (Confidentiality), Section 9.8 ----------- ----------- (Expenses) and this Section 14.2 shall remain in full force and effect and the ------------ parties shall have the obligations stated therein, and (ii) no party waives any claim or right for damages against a breaching party to the extent that such termination results from the breach by a party hereto of any of its representations, warranties, covenants or agreements set forth herein.

Appears in 1 contract

Samples: Contribution and Purchase and Sale Agreement (Nm Licensing LLC)

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Procedures and Effect of Termination. In order to effect the ------------------------------------ termination of this Agreement pursuant to, and in accordance with, the terms and conditions of any provision of Section 6.2 hereof, written notice of such ----------- termination shall be given by a party to the other party to this Agreement and this Agreement, assuming the relevant provision of Section 6.2 has been ----------- satisfied, shall terminate and the transactions contemplated hereby shall be abandoned, without further action by either of the parties hereto. If this Agreement is terminated as provided herein: (a) upon request therefor, each party shall redeliver all documents, work papers and other materials of the other party hereto, and all copies of any such materials, relating to the transactions contemplated hereby, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) neither party hereto shall have any liability or further obligation to the other party to this Agreement resulting from such termination except: (i) that the provisions of Section 5.10 (Confidentiality), Section 5.8 ------------ ----------- (Expenses) and this Section 6.3 shall remain in full force and effect and the ----------- parties shall have the obligations stated therein, and (ii) no party waives any claim or right for damages against a breaching party to the extent that such termination results from the breach by a party hereto of any of its representations, warranties, covenants or agreements set forth herein.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nm Licensing LLC)

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