Common use of Procedures and Effect of Termination Clause in Contracts

Procedures and Effect of Termination. In the event of termination of this Agreement pursuant to Section 10.1 hereof, written notice thereof shall forthwith be given by the terminating party to the other party, and, except as set forth below, this Agreement shall terminate and be void and have no effect and the Sale shall be abandoned without any further action by the Parties hereto. If this Agreement is terminated as provided herein:

Appears in 2 contracts

Samples: Consent and Agreement (RDE, Inc.), Consent and Agreement (RDE, Inc.)

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Procedures and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by any or both of the parties pursuant to Section 10.1 hereof, written notice thereof shall forthwith be given by the terminating party to the other party, and, except as set forth below, party hereto and this Agreement shall terminate and be void and have no effect and the Sale transactions contemplated hereby shall be abandoned abandoned, without any further action by either of the Parties parties hereto. If this Agreement is terminated as provided herein:: 18

Appears in 1 contract

Samples: Asset Purchase Agreement (Aki Inc)

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Procedures and Effect of Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated hereby by any or both of the parties pursuant to Section 10.1 hereof, written notice thereof shall forthwith be given by the terminating party to the other party, and, except as set forth below, party hereto and this Agreement shall terminate and be void and have no effect and the Sale transactions contemplated hereby shall be abandoned abandoned, without any further action by either of the Parties parties hereto. If this Agreement is terminated as provided herein:

Appears in 1 contract

Samples: Asset Purchase Agreement (Aki Holding Corp)

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