Common use of Responsibilities Upon Termination Clause in Contracts

Responsibilities Upon Termination. Upon termination of this Agreement, each party shall bear its own costs and expenses, and none of the parties hereto shall have any liability or further obligation hereunder to any other party, except for the obligations in Sections 38 and 39, which shall continue to survive and except that nothing herein will relieve or release any party from liability at law or in equity and damages that flow therefrom for any fraud, willful misconduct or breach of this Agreement.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Peoples Community Bancorp Inc /Md/), Purchase and Assumption Agreement (First Financial Bancorp /Oh/)

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Responsibilities Upon Termination. Upon termination of this Agreement, each party shall bear its own costs and expenses, and none of the parties hereto shall have any liability or further obligation hereunder to any other party, except (i) for the obligations in Sections 38 37 and 39, which shall continue to survive and except that nothing herein will relieve or release any party (ii) where such termination results from liability at law or in equity and damages that flow therefrom for any fraud, willful misconduct or a material breach of this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Peoples Community Bancorp Inc /Md/)

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Responsibilities Upon Termination. Upon termination of this Agreement, each party shall bear its own costs and expenses, and none of the parties hereto shall have any liability or further obligation hereunder to any other party, except for the obligations in Sections 38 and 39, which shall continue to survive and except that nothing herein will relieve or release any party from liability at law or in equity and or for the damages that flow therefrom for any fraud, willful misconduct or breach of this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Irwin Financial Corp)

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