Common use of Procedures Upon Termination Clause in Contracts

Procedures Upon Termination. In the event of termination and abandonment by Purchaser or Sellers, or both Parties, pursuant to Section 3.4 hereof, written notice thereof shall forthwith be given to the other Party, and this Agreement, as specified in Section 3.4, shall terminate, and the purchase of the applicable Purchased Assets and the assumption of the applicable Assumed Liabilities hereunder shall be abandoned, without further action by Purchaser or Sellers. If this Agreement is terminated as provided herein each Party shall return if requested all documents, work papers and other material of any other applicable Party relating to the transactions contemplated hereby, whether so obtained before or after the execution hereof, to the Party furnishing the same. If this Agreement is terminated pursuant to Sections 3.4(g), or (h), in addition to the return of the Deposit provided in Section 2.2, Sellers shall pay to Purchaser the Bid Protections and the Parties shall have no further obligations to one another except for any obligations that, by their terms, survive the termination of this Agreement, as described in Section 3.6.

Procedures Upon Termination. In the event of termination and abandonment by Purchaser or SellersSeller, or both such Parties, pursuant to Section 3.4 hereof, written notice thereof shall forthwith be given to the other PartyParty or Parties, and this Agreement, as specified in Section 3.4, Agreement shall terminate, and the purchase of the applicable Purchased Assets and the assumption of the applicable Assumed Liabilities hereunder shall be abandoned, without further action by Purchaser or SellersSeller. If this Agreement is terminated as provided herein herein, each Party shall return if requested all documents, work papers and other material of any other applicable Party relating to the transactions contemplated hereby, whether so obtained before or after the execution hereof, to the Party furnishing the same. If this Agreement is terminated pursuant to Sections 3.4(g3.4 (g), or (h), in addition to the return of the Deposit provided in Section 2.2, Sellers shall pay to Purchaser the Bid Protections and the Parties shall have no further obligations to one another except for any obligations that, by their terms, survive the termination of this Agreement, as described in Section 3.6.

Procedures Upon Termination. In the event of termination and abandonment by Purchaser or Sellers, or both such Parties, pursuant to Section 3.4 hereof, written notice thereof shall forthwith be given to the other PartyParty or Parties, and this Agreement, as specified in Section 3.4, Agreement shall terminate, and the purchase of the applicable Purchased Assets and the assumption of the applicable Assumed Liabilities hereunder shall be abandoned, without further action by Purchaser or Sellers. If this Agreement is terminated as provided herein herein, each Party shall return if requested all documents, work papers and other material of any other applicable Party relating to the transactions contemplated hereby, whether so obtained before or after the execution hereof, to the Party furnishing the same. If this Agreement is terminated pursuant to Sections 3.4(g), or Section 3.4 (h), in addition to the return of the Deposit provided in Section 2.2, Sellers shall pay within 5 business days of such termination to Purchaser the Bid Protections Break-Up Fee, and the Parties shall have no further obligations to one another except for any obligations that, by their terms, survive the termination of this Agreement, as described in Section 3.6.

Procedures Upon Termination. In the event of termination and abandonment by Purchaser or Sellers, or both such Parties, pursuant to Section 3.4 hereof, written notice thereof shall forthwith be given to the other PartyParty or Parties, and this Agreement, as specified in Section 3.4, Agreement shall terminate, and the purchase of the applicable Purchased Assets and the assumption of the applicable Assumed Liabilities hereunder shall be abandoned, without further action by Purchaser or Sellers. If this Agreement is terminated as provided herein herein, each Party shall return if requested all documents, work papers and other material of any other applicable Party relating to the transactions contemplated hereby, whether so obtained before or after the execution hereof, to the Party furnishing the same. If this Agreement is terminated pursuant to Sections 3.4(g3.4(a), (c), (d), (e), (f), (g), (h) or (hj), in addition to the return of the Deposit provided in Section 2.2, Sellers shall pay to Purchaser the Bid Protections Expense Reimbursement, plus, only if this Agreement is terminated pursuant to Sections 3.4(g), (h) or (j), the Break-Up Fee, and the Parties shall have no further obligations to one another except for any obligations that, by their terms, survive the termination of this Agreement, as described in Section 3.6.