Common use of Residual Obligation Upon Termination Clause in Contracts

Residual Obligation Upon Termination. Termination of this Agreement for any reason whatsoever will not release or discharge either Party from the performance of any obligation, the payment of any debt or responsibility for any liability which may have previously accrued and remains to be performed, paid or discharged, at the date of such termination. However, upon termination no further obligations under this Agreement shall be incurred by the Parties. Moreover, termination of this Agreement shall not release either Party of the obligations of confidentiality set forth in Section 10.01. Sections 12.05, 12.06, 12.07, 12.08, 12.09, 13.01, 13.06, 13.09, 13.14, 13.15, and 13.17 and Articles I, VIII and XI shall survive any expiration or termination of this Agreement.

Residual Obligation Upon Termination. Termination of this Agreement for any reason whatsoever will not release or discharge either Party the Parties from the performance of any obligation, the payment of any debt or responsibility for any liability which may have previously accrued and remains to be performed, paid or discharged, at the date of such termination. However, upon termination no further obligations under this Agreement shall be incurred by the Parties. Moreover, termination of this Agreement shall not release either Party of the obligations of confidentiality set forth in Section 10.019.01. Sections 12.055.07, 12.066.02, 6.03, 7.01, 7.02, 7.05, 8.03 (relating to any Section 8.03 Actions commended prior to the date of such termination), 11.06, 11.07, 12.01, 12.02, 12.03, 12.07, 12.08, 12.09, 13.0112.15, 13.06, 13.09, 13.14, 13.1512.16, and 13.17 12.17 and Articles I, VIII and XI Article I shall survive any expiration or termination of this Agreement.

Residual Obligation Upon Termination. Termination of this Agreement for any reason whatsoever will not release or discharge either Party party from the performance of any obligation, the payment of any debt or responsibility for any liability which may have previously accrued and remains to be performed, paid or discharged, at the date of such termination. However, upon termination no further obligations under this Agreement shall be incurred by the Partiesparties. Moreover, termination of this Agreement shall not release either Party party of the obligations of confidentiality set forth in Section 10.01Article IX that survives. Sections 5.03, 5.04, 5.05, 11.03, 11.04, 11.05, 11.06, 11.07, 12.01, 12.05, 12.06, 12.07, 12.08, 12.0912.13, 13.0112.14, 13.06, 13.09, 13.14, 13.1512.15, and 13.17 12.16 and Articles I, VIII VI and XI VII shall survive any expiration or termination of this Agreement.