Rights on Termination. If this Agreement is terminated pursuant to Section 9.1 or Section 9.2 and neither party is in material breach of any provision of this Agreement, the parties hereto shall not have any further liability to each other with respect to the purchase and sale of the Assets.
Appears in 3 contracts
Samples: Option Agreement (Paxson Communications Corp), Asset Purchase Agreement (Paxson Communications Corp), Option Agreement (Paxson Communications Corp)
Rights on Termination. If this Agreement is terminated pursuant to Section 9.1 or Section 9.2 and neither party is in material breach of any provision of this Agreement, the parties hereto shall not have any further liability to each other with respect to the purchase and sale of the Assets. If this Agreement is terminated by Buyers due to Sellers' material breach of this Agreement, Buyers shall have all rights and remedies available at law or equity.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Paxson Communications Corp), Asset Purchase Agreement (Acme Intermediate Holdings LLC)
Rights on Termination. If this Agreement is terminated pursuant to Section 9.1 or Section 9.2 and neither party is in material breach of any provision of this Agreement, the parties hereto shall not have any further liability to each other with respect to the purchase and sale of the Assets.. -20-
Appears in 1 contract
Samples: Asset Purchase Agreement (Paxson Communications Corp)
Rights on Termination. If this Agreement is terminated pursuant to Section 9.1 or Section 9.2 and neither party is in material breach of any provision of this Agreement, the parties hereto shall not have any further liability to each other with respect to the purchase and sale of the Assets. If this Agreement is terminated due to the material breach of any provision of this Agreement, then the non-breaching party shall have all rights and remedies available at law or equity.
Appears in 1 contract
Samples: Asset Purchase Agreement (GXS Corp)
Rights on Termination. (a) If this Agreement is terminated pursuant to Section 9.1 or Section 9.2 and neither party is in material breach of any provision of this Agreement, the parties hereto shall not have any further liability to each other with respect to the purchase and sale of the Assets.
Appears in 1 contract
Samples: Asset Purchase Agreement (Paxson Communications Corp)
Rights on Termination. If this Agreement is terminated pursuant to Section 9.1 or Section 9.2 and neither party is in material breach of any provision of this Agreement, the parties hereto shall not have any further liability to each other with respect to the purchase and sale of the Assets.the
Appears in 1 contract
Samples: Asset Purchase Agreement (Paxson Communications Corp)
Rights on Termination. If In the event of the termination of this Agreement is terminated pursuant to as provided in Section 9.1 or Section 9.2 9.2, this Agreement shall forthwith become void and neither party is in material breach there shall be no liability on the part of any provision of this Agreementparty hereto, the parties hereto except (a) as set forth in Section 10, (b) nothing herein shall not have relieve either party from liability for any further liability breach hereof or failure to each other with respect to the purchase perform hereunder and sale of the Assets(c) as set forth in Section 9.4.
Appears in 1 contract
Samples: Asset Purchase Agreement (Paxson Communications Corp)
