Common use of Remedies Upon Termination Clause in Contracts

Remedies Upon Termination. If this Agreement is validly terminated under Section 9.2, then it will forthwith become null and void, and each of the Parties (and any equityholder, Affiliate, director, officer, employee, agent, advisor, accountant, attorney, consultant or other representative of such Party) will be relieved of its duties, liabilities and obligations to any other Party under this Agreement and no Party will have any claim against any other Party (or any equityholder, Affiliate, director, officer, employee, agent, advisor, accountant, attorney, consultant or other representative of such Party) other than the provisions of this Section 9.3, Section 5.5, and Article XI, which will survive any termination of this Agreement under Section 9.2; provided, however, that nothing contained in this Section 9.3 will relieve any Party from liabilities, losses or damages arising out of Fraud or any willful and intentional breach by such Party of this Agreement occurring prior to the termination of this Agreement.

Appears in 5 contracts

Samples: Merger Agreement (Revelyst, Inc.), Merger Agreement (Outdoor Products Spinco Inc.), Agreement and Plan of Merger (Outdoor Products Spinco Inc.)

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