Common use of Rights on Termination; Waiver Clause in Contracts

Rights on Termination; Waiver. If this Agreement is terminated pursuant to Section 12.1, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either party to the other, except for the obligations under Section 13.2; provided, however, that termination pursuant to clauses (b) or (c) of Section 12.1 shall not relieve any defaulting or breaching party from liability to the other party. Upon any termination of this Agreement, each party will return all documents, work papers and other material (including all copies) of the other party relating to the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Probex Corp), Asset Purchase Agreement (Probex Corp)

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Rights on Termination; Waiver. If this Agreement is terminated pursuant to Section 12.18.1, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either any party to the otherother parties, except for the obligations under Section 13.27.3 and this Article 8; provided, however, that termination pursuant to clauses (b) or (c) of Section 12.1 8.1 shall not relieve any defaulting or breaching party from liability to the other partyparties hereto. Upon any termination of this Agreement, each party will return all documents, work papers and other material (including all copiescopies thereof) of the other party parties hereto relating to the transactions contemplated by hereby. Upon termination of this Agreement, Capital's right to exercise the Option shall remain unchanged.

Appears in 1 contract

Samples: Partnership Interest Purchase Agreement (Capital Senior Living Corp)

Rights on Termination; Waiver. If this Agreement is terminated pursuant to Section 12.110.1, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either party to the other, except for that the obligations of the parties under Section 13.2; provided, however, that termination or pursuant to clauses (b) or (c) of Section 12.1 Sections 5.6 and 9.3 shall not relieve survive any defaulting or breaching party from liability to the other party. Upon any such termination of this Agreement, each . Nothing contained in this Section 10.2 shall relieve any party will return all documents, work papers and other material (including all copies) from liability for any willful or intentional breach of the other party relating to the transactions contemplated by this Agreement. If this Agreement is terminated other than pursuant to Section 10.1, the parties hereto shall retain all of their respective rights under applicable Law resulting from such termination.

Appears in 1 contract

Samples: Asset Purchase Agreement (Novitron International Inc)

Rights on Termination; Waiver. If (a) In the event of the termination of this Agreement is terminated pursuant to as provided in Section 12.112.1 above, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either party to the other, except for the obligations under (i) as provided in Section 13.2; provided, however, that termination pursuant to clauses (b12.2(b) or and (c) below, and (ii) for claims resulting from any breach of Section 12.1 shall not relieve any defaulting or breaching party from liability this Agreement prior to the other party. Upon any termination of this Agreement, each party will return all documents, work papers and other material Agreement (including all copiesas limited by the provisions of Section 12.2(d) of the other party relating to the transactions contemplated by this Agreementor 12.3 below).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Granite Broadcasting Corp)

Rights on Termination; Waiver. If this Agreement is terminated pursuant to Section 12.1, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either party to the other, except for the obligations under Section 13.2; provided, however, that termination pursuant to clauses (b) or (c) of Section 12.1 shall not relieve any defaulting or breaching party from liability to the other party. Upon any termination of this Agreement, each party will return all documents, work papers and other material (including all copies) of the other party relating to the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Usdata Corp)

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Rights on Termination; Waiver. If (a) In the event of the termination of this Agreement is terminated pursuant to as provided in Section 12.113.1 above, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either party to the other, except for the obligations under (i) as provided in Section 13.2; provided, however, that termination pursuant to clauses (b13.2(b) or and (c) below, and (ii) for claims resulting from any breach of Section 12.1 shall not relieve any defaulting or breaching party from liability this Agreement prior to the other party. Upon any termination of this Agreement, each party will return all documents, work papers and other material Agreement (including all copiesas limited by the provisions of Section 13.2(e) of the other party relating to the transactions contemplated by this Agreementor 13.3 below).

Appears in 1 contract

Samples: Stock Purchase Agreement (Granite Broadcasting Corp)

Rights on Termination; Waiver. (a) If this Agreement is terminated pursuant to Section 12.19.1, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either party to the otherother (except any liability of any party then in breach of its obligations hereunder, as to which the party not in breach shall retain all of its rights and remedies under applicable Law), except for the obligations under Section 13.2; providedprovisions contained in Sections 8.10 and 8.11 hereof, however, that which shall survive such termination pursuant to clauses (b) or (c) of Section 12.1 shall not relieve any defaulting or breaching party from liability to the other party. Upon any termination of this Agreement, each party will return all documents, work papers and other material (including all copies) of the other party relating to the transactions contemplated by this Agreementin accordance with their respective terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Henry Jack & Associates Inc)

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