Common use of Survivorship of Obligations Clause in Contracts

Survivorship of Obligations. The termination of this Agreement shall not discharge any Party from any obligation it owed to any other Party under the Agreement by reason of any delivery, loss, cost, damage, expense or liability which shall occur or arise prior to such termination. It is the intent of the Parties that any such obligation owed (whether the same shall be known or unknown as of the termination of this Agreement) shall survive the termination of this Agreement. The Parties also intend that the indemnification and limitation of liability provisions contained in this Agreement shall remain operative and in full force and effect, regardless of any termination of this Agreement, except with respect to actions or events occurring or arising after such termination is effective.

Survivorship of Obligations. The termination of this Agreement shall not discharge any either Party hereto from any obligation it owed owes to any the other Party under the this Agreement by reason of any deliverytransaction, loss, cost, damage, expense or liability which shall occur or arise (or the circumstances, events or basis of which shall occur or arise) prior to such termination. It is the intent of the Parties hereby that any such obligation owed (whether the same shall be known or unknown as at the termination of this Agreement or whether the circumstances, events, or basis of the same shall be known or unknown at the termination of this Agreement) shall survive the termination of this Agreement. The Parties also intend that the indemnification and limitation of liability provisions contained in this Agreement shall remain operative and in full force and effect, regardless of any termination of this Agreement, except with respect to actions or events occurring or arising after such termination is effective.

Survivorship of Obligations. The termination or cancellation of this Agreement shall not discharge any Party from any obligation it owed owes to any the other Party under the this Agreement by reason of any deliverytransaction, loss, cost, damage, expense or liability which shall occur or arise prior to such termination. It is the intent of the Parties that any such obligation owed (whether the same shall be known or unknown as of the termination or cancellation of this Agreement) shall will survive the termination or cancellation of this Agreement. The Parties also intend that the indemnification and limitation of liability provisions contained in this Agreement shall remain operative and in full force and effect, regardless of any termination or cancellation of this Agreement, except with respect to actions or events occurring or arising after such termination or cancellation is effective.