Common use of Procedures Upon Termination Clause in Contracts

Procedures Upon Termination. In the event of termination pursuant to the terms of this Agreement, and except as otherwise stated herein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein:

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Surety Capital Corp /De/)

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Procedures Upon Termination. In the event of termination pursuant to the terms of this Agreement, and except as otherwise stated hereinSection 9.01 hereof, written notice thereof shall be given to the other partyParty, and this Agreement shall terminate immediately upon receipt of such notice notice, unless an extension is consented to by the party Party or Parties having the right to terminate. If this Agreement is terminated as provided herein:

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (First Ipswich Bancorp /Ma)

Procedures Upon Termination. In the event of termination by either Parent or by the Company pursuant to the terms of this Agreement, and except as otherwise stated hereinSection 7.1, written notice thereof of such termination shall forthwith be given to the other partyParties, and this Agreement shall thereupon terminate immediately upon receipt of such notice unless an extension is consented to without further action by the party having the right to terminate. If this Agreement is terminated as provided herein:any Party.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Kingsoft Cloud Holdings LTD)

Procedures Upon Termination. In the event of termination pursuant to the terms of this Agreement, and except as otherwise stated herein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein:;

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bostonfed Bancorp Inc)

Procedures Upon Termination. In the event of termination pursuant to the terms of this Agreement, and except as otherwise stated herein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein:,

Appears in 1 contract

Samples: Branch Purchase Agreement (Bok Financial Corp Et Al)

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Procedures Upon Termination. In the event of the termination pursuant to the terms of this Agreement, and except as otherwise stated herein, written notice thereof shall be promptly given to the other party, party hereto and this Agreement shall terminate immediately upon receipt terminate, all further obligations of such notice unless an extension is consented the parties hereunder to satisfy the conditions precedent to the Closing shall terminate, and the transactions contemplated hereby shall be abandoned without further action by any of the party having the right to terminateparties hereto. If this Agreement is terminated as provided herein:The provisions of Article 12, 13, and 14 shall survive any termination.

Appears in 1 contract

Samples: Stock Purchase Agreement (Lluffhansa Technik Ag)

Procedures Upon Termination. In the event of termination pursuant to the terms of this Agreement, and except as otherwise stated herein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided hereinIn addition:

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Brooke Corp)

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