Common use of Validity of termination Clause in Contracts

Validity of termination. (1) In the event that the Agreement is terminated as pursuant to any clause of Article 8.3, the Agreement shall be null and void; (2) Upon the termination of the Agreement, the Parties shall adhere to the principles of equity, fairness and credit and return to the other party the considerations obtained pursuant to the Agreement, trying their best to resume the initial state on execution of the Agreement; (3) Upon the termination of the Agreement, all the rights and obligations of the Parties under the Agreement shall be terminated, and one party shall not demand any claim compensation against the other party in respect of the Agreement and its termination, except the responsibilities set out in Article 10 of the Agreement.

Appears in 1 contract

Samples: Equity Transfer Agreement (China TransInfo Technology Corp.)

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Validity of termination. (1) 11.4.1 In the event that the Agreement is terminated as pursuant to per any clause of Article 8.3aforementioned, the Agreement shall be null and void; (2) 11.4.2 Upon the termination of the Agreement, the Parties shall adhere to the principles of equity, fairness and credit and return to the other party the considerations obtained pursuant to the Agreement, trying making their best efforts to resume the initial state on execution of the Agreementseek restitution in integrum; (3) 11.4.3 Upon the termination of the Agreement, all the rights and obligations of the Parties under the Agreement shall be terminated, and one either party shall not demand any claim compensation against the other party in respect of the Agreement and its termination, except for the responsibilities set out forth in Article 10 9 of the Agreement.

Appears in 1 contract

Samples: Equity Transfer Agreement (China TransInfo Technology Corp.)

Validity of termination. (1) 11.4.1 In the event that the Agreement is terminated as pursuant to per any clause of Article 8.3aforementioned, the Agreement shall be null and void; (2) 11.4.2 Upon the termination of the Agreement, the Parties shall adhere to the principles of equity, fairness and credit and return to the other party the considerations obtained pursuant to the Agreement, trying making their best efforts to resume the initial state on execution of the Agreementseek restitution in integrum; (3) 11.4.3 Upon the termination of the Agreement, all the rights and obligations of the Parties under the Agreement shall be terminated, and one party shall not demand any claim compensation against the other party in respect of the Agreement and its termination, except the responsibilities set out forth in Article 10 9 of the Agreement.

Appears in 1 contract

Samples: Equity Transfer Agreement (China TransInfo Technology Corp.)

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Validity of termination. (1) In the event that the Agreement is terminated as pursuant to any clause of Article 8.39.3, the Agreement shall be null and void; (2) Upon the termination of the Agreement, the Parties shall adhere to the principles of equity, fairness and credit and return to the other party the considerations obtained pursuant to the Agreement, trying their best to resume the initial state on execution of the Agreement; (3) Upon the termination of the Agreement, all the rights and obligations of the Parties under the Agreement shall be terminated, and one party shall not demand any claim compensation against the other party in respect of the Agreement and its termination, except the responsibilities set out in Article 10 of the Agreement.

Appears in 1 contract

Samples: Equity Transfer Agreement (China TransInfo Technology Corp.)

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