Effect of Termination and Abandonment; Enforcement of Agreement. Except as provided for in this Section 8.02, in the event of termination of this Agreement pursuant to Section 8.01, no party to this Agreement shall have any liability or further obligation to any other party hereunder except that (i) Section 6.04, Section 6.16, this Section 8.02, and Article IX shall survive any termination of this Agreement; and (ii) notwithstanding anything to the contrary contained in this Agreement, and while neither Parent nor the Company shall be relieved or released from any liabilities or damages arising out of its fraud or willful and material breach of any provision of this Agreement occurring prior to termination, in no event shall the Company be required to pay the Termination Fee more than once.
Appears in 2 contracts
Sources: Merger Agreement (QNB Corp.), Merger Agreement (QNB Corp.)