Common use of Procedures Upon Termination Clause in Contracts

Procedures Upon Termination. In the event of the termination of this Agreement, written notice thereof shall be promptly given to the other party hereto and this Agreement shall terminate, all further obligations of 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 parties hereto. The provisions of Article 12, 13, and 14 shall survive any termination.

Appears in 1 contract

Samples: Stock Purchase Agreement (Lluffhansa Technik Ag)

AutoNDA by SimpleDocs

Procedures Upon Termination. In the event of termination pursuant to the termination terms of this Agreement, written notice thereof shall be promptly given to the other party hereto 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, all further obligations of 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 parties hereto. The provisions of Article 12, 13, and 14 shall survive any termination.In addition:

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Brooke Corp)

Procedures Upon Termination. In the event of termination pursuant to the termination terms of this Agreement, and except as otherwise stated herein, written notice thereof shall be promptly given to the other party hereto 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, all further obligations of 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 parties hereto. The provisions of Article 12, 13, and 14 shall survive any termination.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 termination terms of this Agreement, and except as otherwise stated herein, written notice thereof shall be promptly given to the other party hereto 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, all further obligations of 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 parties hereto. The provisions of Article 12, 13, and 14 shall survive any termination.If this Agreement is terminated as provided herein:

Appears in 1 contract

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

AutoNDA by SimpleDocs

Procedures Upon Termination. In the event of termination pursuant to the termination terms of this Agreement, and except as otherwise stated herein, written notice thereof shall be promptly given to the other party hereto 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, all further obligations of 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 parties hereto. The provisions of Article 12, 13, and 14 shall survive any termination.If this Agreement is terminated as provided herein,

Appears in 1 contract

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!