Common use of Rights on Termination; Waiver Clause in Contracts

Rights on Termination; Waiver. If this Agreement is terminated pursuant to Section 9.1, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either party to the other (except any liability of any party then in violation or breach of its obligations hereunder, as to which the party not in breach shall retain all of its rights and remedies under applicable Law); provided, that the parties’ obligations contained in Section 5.8 of this Agreement shall survive any such termination. If any of the conditions set forth in Article VI of this Agreement have not been satisfied, Buyer may nevertheless elect to waive such conditions and proceed with the consummation of the transactions contemplated hereby. If any of the conditions set forth in Article VII of this Agreement have not been satisfied, Seller may nevertheless elect to waive such conditions and proceed with the consummation of the transactions contemplated hereby.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Chesapeake Corp /Va/)

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Rights on Termination; Waiver. (a) If this Agreement is terminated pursuant to Section 9.19.1 hereof, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either party to the other (except any liability of any party then in violation or breach of its obligations hereunder, as to which the party not in breach shall retain all of its rights and remedies under applicable Lawto which it may be entitled at law or in equity); provided, however, that the parties’ obligations contained in Section 5.8 Sections 3.21, 4.4, 5.6, 5.7, Article IX and Article X of this Agreement shall survive any such termination. . (b) If any of the conditions set forth in Article VI of this Agreement have not been satisfied, Buyer may nevertheless elect to waive such conditions and proceed with the consummation of the transactions contemplated hereby. If any of the conditions set forth in Article VII of this Agreement have not been satisfied, Seller may nevertheless elect to waive such conditions and proceed with the consummation of the transactions contemplated hereby.

Appears in 1 contract

Samples: Stock Purchase Agreement (Smithfield Foods Inc)

Rights on Termination; Waiver. (a) If this Agreement is terminated pursuant to Section 9.1Sections 9. 1 (a) hereof, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either party to the other (except and the Xxxxxxx Money Escrow shall be returned to Purchaser. If this Agreement is terminated for any liability of any party then in violation or breach of its obligations hereunderother reason, as the parties shall be entitled to which the party not in breach shall retain exercise all of its their rights and pursue all of their remedies under applicable Law); provided, that hereunder in law or in equity subject to the parties’ obligations contained limitation set forth in Section 5.8 of this Agreement shall survive any such termination. Agreement. (b) If any of the conditions set forth in Article VI of this Agreement have not been satisfied, Buyer Purchaser may nevertheless elect to waive such conditions and proceed with the consummation of the transactions contemplated hereby. If any of the conditions set forth in Article VII of this Agreement have not been satisfied, Seller may nevertheless elect to waive such conditions and proceed with the consummation of the transactions contemplated hereby.

Appears in 1 contract

Samples: Asset Purchase Agreement (Interfoods of America Inc)

Rights on Termination; Waiver. (a) If this Agreement is terminated pursuant to Section 9.1, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either party to the other (except any liability of any party then in violation or breach of its obligations hereunder, as to which the party not in breach shall retain all of its rights and remedies under applicable Law); provided, that except for the parties’ obligations provisions contained in Section 5.8 of this Agreement Sections 8.10 and 8.11 hereof, which shall survive any such termination. termination in accordance with their respective terms. (b) If any of the conditions set forth in Article VI of this Agreement have not been satisfied, Buyer may nevertheless elect to waive such conditions and proceed with the consummation of the transactions contemplated hereby. If any of the conditions set forth in Article VII of this Agreement have not been satisfied, Seller may nevertheless elect to waive such conditions and proceed with the consummation of the transactions contemplated hereby.

Appears in 1 contract

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

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Rights on Termination; Waiver. If this Agreement is terminated pursuant to Section 9.18.7 hereof, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either party to the other other, except for violation of Section 5.4 (cooperation), and except any liability of any party then in violation or breach of its obligations hereunder, as to which the party not in breach shall retain all of its rights and remedies under applicable Law); provided, that the parties’ Buyer's obligations contained in Section 5.8 5.1(b) (confidentiality) of this Agreement shall survive any such termination. If any of the conditions set forth in Article VI of this Agreement have not been satisfied, Buyer may nevertheless elect to waive such conditions and proceed with the consummation of the transactions contemplated hereby. If by this Agreement and, if any of the conditions set forth in Article VII of this Agreement have not been satisfied, Seller may nevertheless elect to waive such conditions and proceed with the consummation of the transactions contemplated herebyby this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Seracare Inc)

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