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Common use of Term of Agreement; Termination Clause in Contracts

Term of Agreement; Termination. The term of this Agreement shall commence on the date hereof. This Agreement may be terminated at any time prior to consummation of the transactions contemplated by the Merger Agreement by the written consent of the parties hereto, and this Agreement shall be automatically terminated upon either (i) the termination of the Merger Agreement in accordance with its terms, or (ii) the consummation of the Merger. Upon such termination, no party shall have any further obligations or liabilities hereunder; provided, however, that such termination shall not relieve any party from liability for any breach of this Agreement prior to such termination; provided further that the provisions of Section 8 of this Agreement shall remain in full force and effect regardless of any such termination pursuant to this Section 9.

Appears in 14 contracts

Samples: Merger Agreement (Seacoast Banking Corp of Florida), Merger Agreement (Seacoast Banking Corp of Florida), Merger Agreement (Seacoast Banking Corp of Florida)

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Term of Agreement; Termination. The term of this Agreement shall commence on the date hereof. This Agreement may be terminated at any time prior to consummation of the transactions contemplated by the Merger Agreement by the written consent of the parties hereto, and this shall be automatically terminated in the event that the Merger Agreement is terminated in accordance with its terms; provided, however, that the transfer restrictions in Section 2 hereof shall be automatically terminated upon either (i) the termination receipt of the Merger Agreement in accordance with its terms, or (ii) the consummation of the MergerRequisite Company Shareholder Approval. Upon such termination, no party shall have any further obligations or liabilities hereunder; provided, however, that such termination shall not relieve any party from liability for any willful breach of this Agreement prior to such termination; provided further that the provisions of Section 8 of this Agreement shall remain in full force and effect regardless of any such termination pursuant to this Section 9.

Appears in 5 contracts

Samples: Merger Agreement (Mayflower Bancorp Inc), Merger Agreement (Independent Bank Corp), Voting Agreement (Peoples Federal Bancshares, Inc.)

Term of Agreement; Termination. The term of this Agreement shall commence on the date hereof. This Agreement may be terminated at any time prior to consummation of the transactions contemplated by the Merger Agreement by the written consent of the parties hereto, and this Agreement shall be automatically terminated upon either upon: (i) the termination of the Merger Agreement in accordance with its termsAgreement, or (ii) the consummation of the Merger; provided however, that the transfer restrictions in Section 2 hereof shall be automatically terminated upon the receipt of requisite shareholder approval of Sunshine. Upon such termination, no party shall have any further obligations or liabilities hereunder; provided, however, that such termination shall not relieve any party from liability for any breach of this Agreement prior to such termination; provided further that the provisions of Section 8 of this Agreement shall remain in full force and effect regardless of any such termination pursuant to this Section 9.

Appears in 3 contracts

Samples: Merger Agreement (Sunshine Bancorp, Inc.), Merger Agreement (CenterState Banks, Inc.), Merger Agreement (CenterState Banks, Inc.)

Term of Agreement; Termination. The Subject to Section 11(e), the term of this Agreement shall commence on the date hereof. This Agreement may be terminated at any time prior to consummation of the transactions contemplated by the Merger Agreement by the written consent of the parties hereto, hereof and such term and this Agreement shall be automatically terminated terminate upon either the earliest to occur of (i) the termination of Effective Time, (ii) the date on which the Merger Agreement is terminated in accordance with its terms, (iii) the date on which the Voting Agreement and Irrevocable Proxy dated as of the date hereof between Parent and the Buyer is terminated, or (iiiv) the consummation of the MergerJanuary 31, 2001. Upon such termination, no party shall have any further obligations or liabilities hereunder; provided, however, that such termination shall not relieve any party from liability for any breach of this Agreement prior to such termination; provided further that the provisions of Section 8 of this Agreement shall remain in full force and effect regardless of any such termination pursuant to this Section 9.

Appears in 2 contracts

Samples: Merger Agreement (Idx Systems Corp), Merger Agreement (Allscripts Inc /Il)

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Term of Agreement; Termination. The Subject to Section 10(e), the term of this Agreement shall commence on the date hereof. This Agreement may be terminated at any time prior to consummation of the transactions contemplated by the Merger Agreement by the written consent of the parties hereto, hereof and such term and this Agreement shall be automatically terminated terminate upon either the earliest to occur of (i) the termination of Effective Time, (ii) the date on which the Merger Agreement is terminated in accordance with its terms, terms or (iiiii) the consummation date on which the Voting Agreement and Irrevocable Proxy dated as of the Mergerdate hereof between the Buyer and Pequot Private Equity Fund II, L.P. is terminated. Upon such termination, no party shall have any further obligations or liabilities hereunder; provided, however, that such termination shall not relieve any party from liability for any breach of this Agreement prior to such termination; provided further that the provisions of Section 8 of this Agreement shall remain in full force and effect regardless of any such termination pursuant to this Section 9.

Appears in 2 contracts

Samples: Merger Agreement (Idx Systems Corp), Merger Agreement (Allscripts Inc /Il)

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