Common use of Rights on Termination; Waiver Clause in Contracts

Rights on Termination; Waiver. If this Agreement is terminated pursuant to Section 8.3 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 for violation of Section 5.9 (cooperation), and except that Buyer's obligations contained in Section 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 proceed with the consummation of the transactions contemplated 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 proceed with the consummation of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Orthologic Corp)

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Rights on Termination; Waiver. If this Agreement is terminated pursuant to Section 8.3 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 for Section 8.5 (breakup fee), except for violation of Section 5.9 (cooperation), and except that Buyer's obligations contained in Section 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 proceed with the consummation of the transactions contemplated 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 proceed with the consummation of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Continental Circuits Corp)

Rights on Termination; Waiver. If this Agreement is terminated pursuant to Section 8.3 hereofX.1 of this Agreement, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either any party to the otherothers, except for violation provided that the obligations of Section 5.9 (cooperation), and except that Buyer's obligations the parties contained in Sections ?, III.3, Article IX, Section 5.1(b) (confidentiality) X.2 and Section X.5 of this Agreement shall survive any such termination. If any of the conditions set forth in Article VI VII of this Agreement have not been satisfied, Buyer may nevertheless elect to proceed with the consummation of the transactions contemplated by this Agreement andAgreement, and if any of the conditions set forth in Article VII VIII of this Agreement have not been satisfied, Seller may nevertheless elect to proceed with the consummation of the transactions contemplated by this Agreement. Any such election to proceed shall be evidenced by a certificate signed on behalf of the waiving party by an officer of that party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Unison Healthcare Corp)

Rights on Termination; Waiver. If this Agreement is terminated pursuant to Section 8.3 hereof11.1 of this Agreement, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either any party to the otherothers, except for violation provided that the obligations of Section 5.9 (cooperationthe parties contained in Sections 3.1(b), 3.5, 3.6, 3.20, Article X, 11.2, 11.5 and except that Buyer's obligations contained in Section 5.1(b) 11.12 (confidentialitybut only as to other surviving rights and obligations) of this Agreement shall survive any such termination. If any of the conditions set forth in Article VI VII of this Agreement have not been satisfied, the Buyer may nevertheless elect to proceed with the consummation of the transactions contemplated by this Agreement and, and if any of the conditions set forth in Article VII VIII of this Agreement have not been satisfied, Seller the Sellers may nevertheless elect to proceed with the consummation of the transactions contemplated by this Agreement. Any such election to proceed shall be evidenced by a certificate signed on behalf of the waiving party by an officer of that party.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Manitowoc Co Inc)

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Rights on Termination; Waiver. If this Agreement is terminated pursuant to Section 8.3 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 for violation of Section 5.9 (cooperation), and except that Buyer's obligations contained in Section 5.1(b) (confidentiality) of this Agreement shall survive any such termination. If any of the conditions set forth in Article VI 6 of this Agreement have not been satisfied, Buyer may nevertheless elect to proceed with the consummation of the transactions contemplated by this Agreement and, if any of the conditions set forth in Article VII 7 of this Agreement have not been satisfied, Seller may nevertheless elect to proceed with the consummation of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Continental Circuits Corp)

Rights on Termination; Waiver. If this Agreement is terminated pursuant to Section 8.3 hereof11.1 of this Agreement, all further obligations of the parties under or pursuant to this Agreement shall terminate without further liability of either any party to the otherothers, except for violation provided that the obligations of Section 5.9 (cooperationthe parties contained in Sections 3.1(b), 3.5(c), 3.6, Article 9, Article 10, 11.2 and except that Buyer's obligations contained in Section 5.1(b) (confidentiality) 11.5 of this Agreement shall survive any such termination. If any of the conditions set forth in Article VI 7 of this Agreement have not been satisfied, the Buyer may nevertheless elect to proceed with the consummation of the transactions contemplated by this Agreement andAgreement, and if any of the conditions set forth in Article VII 8 of this Agreement have not been satisfied, the Seller may nevertheless elect to proceed with the consummation of the transactions contemplated by this Agreement. Any such election to proceed shall be evidenced by a certificate signed on behalf of the waiving party by an officer of that party.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Manitowoc Co Inc)

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