Common use of Termination Without Default; Expenses Clause in Contracts

Termination Without Default; Expenses. (a) In the event that the Closing of the transactions contemplated hereunder has not occurred by December 31, 2013 (the “Outside Closing Date”), and no material breach of this Agreement by Parent, LuxCo, and BHN, on one hand, or Company and Sellers, on the other hand, seeking to terminate this Agreement shall have occurred or have been made (as provided in Section 12.2 hereof), each party hereto shall have the right, at its sole option, to terminate this Agreement without liability to the other side. Such right may be exercised by each party hereto, giving written notice to the other at any time after the Outside Closing Date. Upon receipt of such notice, neither party shall have any further obligation to the other under this Agreement, except for those obligations that are expressly stated to survive the cancellation or termination of this Agreement. In the event this Agreement is terminated pursuant to this Section 12(a), each party shall bear its own expenses incurred in connection with this Agreement.

Termination Without Default; Expenses. (a) In the event that the Closing of the transactions contemplated hereunder has not occurred by December 31, 2013 (the “Outside Closing Date”), ) and no material breach of this Agreement by Parent, LuxCo, and BHN, BHN on one hand, or Company and SellersSeller, on the other hand, seeking to terminate this Agreement shall have occurred or have been made (as provided in Section 12.2 hereof), each party hereto shall have the right, at its sole option, to terminate this Agreement without liability to the other side. Such right may be exercised by each party hereto, giving written notice to the other at any time after the Outside Closing Date. Upon receipt of such notice, neither no party shall have any further obligation to the any other party under this Agreement, except for those obligations that are expressly stated to survive the cancellation or termination of this Agreement. In the event this Agreement is terminated pursuant to this Section 12(a12.1(a), each party shall bear its own expenses incurred in connection with this Agreement.

Termination Without Default; Expenses. (a) In the event that the Closing of the transactions contemplated hereunder has not occurred by December 31July 15, 2013 2015 (the “"Outside Closing Date”"), and no material breach of this Agreement by Parent, LuxCo, GSI and BHNthe Company, on one hand, or Company and Sellersthe Buyers, on the other hand, seeking to terminate this Agreement shall have occurred or have been made (as provided in Section 12.2 9.2 hereof), each party hereto shall have the right, at its sole option, to terminate this Agreement without liability to the other side. Such right may be exercised by each any party hereto, hereto giving written notice to the other at any time after the Outside Closing Date. Upon receipt of such notice, neither party shall have any further obligation to the other under this Agreement, except for those obligations that are expressly stated to survive the cancellation or termination of this Agreement. In the event this Agreement is terminated pursuant to this Section 12(a9.1(a), each party shall bear its own expenses incurred in connection with this Agreement.