Effect of Termination and Abandonment. In the event of any termination of this Agreement pursuant to Section 7.1, this Agreement (other than as set forth in Section 8.1 below) immediately will become void and there will be no liability or obligation on the part of any party or their respective Affiliates, stockholders, directors, officers, agents or representatives; provided, that no such termination will relieve any party of any liability or damages resulting from any willful or intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreement.
Appears in 6 contracts
Sources: Merger Agreement (Superior Silver Mines Inc), Merger Agreement (Digital Angel Corp), Merger Agreement (Applied Digital Solutions Inc)
Effect of Termination and Abandonment. In the event of any termination of this Agreement and the abandonment of the Merger pursuant to Section 7.1this Article 6, this Agreement (other than as set forth in Section 8.1 below) immediately will shall become void and there will be of no effect with no liability or obligation on the part of any party hereto (or their respective Affiliates, stockholders, of any of its directors, officers, agents employees, consultants, contractors, agents, legal and financial advisors, or other representatives); provided, however, that except as otherwise provided herein, no such termination will shall relieve any party hereto of any liability or damages resulting from any willful or intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreement.
Appears in 4 contracts
Sources: Merger Agreement (Robcor Properties Inc), Merger Agreement (Java Detour Inc.), Merger Agreement (Nicklebys Com Inc)
Effect of Termination and Abandonment. In the event of any termination of this Agreement pursuant to Section 7.1this Article 9, this Agreement (other than as set forth in Section 8.1 belowSections 6.4(b) immediately will and 6.6) shall become void and there will be of no effect with no liability or obligation on the part of any party hereto (or their respective Affiliates, stockholders, directors, officers, agents or of any of its representatives); provided, however, that no such termination will shall relieve any party of hereto from any liability for damages (or damages fees and out-of-pocket expenses) resulting from any willful or and intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreement.
Appears in 4 contracts
Sources: Stock Purchase Agreement (Gaylord Entertainment Co /De), Stock Purchase Agreement (Interval Leisure Group, Inc.), Stock Purchase Agreement (Interval Leisure Group, Inc.)
Effect of Termination and Abandonment. In the event of any termination of this Agreement pursuant to Section 7.15.5, this Agreement (other than as set forth in Section 8.1 below) immediately will shall become void and there will be of no effect with no liability or obligation to any person on the part of any party Party (or their respective of any of its representatives or Affiliates, stockholders, directors, officers, agents or representatives); provided, however, that (a) no such termination will shall relieve any party Party of any liability or damages to the other Party resulting from any willful or intentional breach of any this Agreement and (b) the provisions set forth in Section 2.6 and this Article V shall survive the termination of its representations, warranties, covenants or agreements contained in this Agreement.
Appears in 4 contracts
Sources: Assignment Agreement (Fintech Holdings Inc.), Assignment Agreement (Fintech Holdings Inc.), Assignment Agreement (Fintech Holdings Inc.)
Effect of Termination and Abandonment. In the event of any Upon termination of this Agreement pursuant to Section 7.1this Section, this Agreement (other than as set forth in Section 8.1 below) immediately will become shall be void and of no other effect, and there will shall be no liability by reason of this Agreement or obligation the termination thereof on the part of any party hereto (other than for breach of a covenant contained herein), or their on the part of the respective Affiliates, stockholders, directors, officers, employees, agents or representatives; provided, that no such termination will relieve any party of any liability or damages resulting from any willful or intentional breach shareholders of any of its representations, warranties, covenants or agreements contained in this Agreementthem.
Appears in 3 contracts
Sources: Merger Agreement (Envoy Corp /Tn/), Merger Agreement (Envoy Corp /Tn/), Merger Agreement (Envoy Corp /Tn/)
Effect of Termination and Abandonment. In the event of any Upon termination of this Agreement pursuant to Section 7.1this Article 8, this Agreement (other than as set forth in Section 8.1 below) immediately will become shall be void and of no other effect, and there will shall be no liability by reason of this Agreement or obligation the termination thereof on the part of any party hereto (other than for breach of a covenant contained herein), or their on the part of the respective Affiliates, stockholders, directors, officers, agents employees, agents, or representatives; provided, that no such termination will relieve any party of any liability or damages resulting from any willful or intentional breach shareholders of any of its representations, warranties, covenants or agreements contained in this Agreementthem.
Appears in 3 contracts
Sources: Merger Agreement (Healthstream Inc), Merger Agreement (SCB Computer Technology Inc), Merger Agreement (SCB Computer Technology Inc)
Effect of Termination and Abandonment. In the event of any termination of this Agreement and the abandonment of the Merger pursuant to Section 7.1this Article 7, this Agreement (other than as set forth in Section 8.1 below) immediately will shall become void and there will be of no effect with no liability or obligation on the part of any party hereto (or their respective Affiliates, stockholders, of any of its directors, officers, agents employees, consultants, contractors, agents, legal and financial advisors, or other representatives); provided, however, that except as otherwise provided herein, no such termination will shall relieve any party hereto of any liability or damages resulting from any willful or intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreement.
Appears in 3 contracts
Sources: Merger Agreement (Trafalgar Ventures Inc), Merger Agreement (Salmon Express Inc), Merger Agreement (Bio Dyne Corp /Ga)
Effect of Termination and Abandonment. In the event of any the termination of this Agreement pursuant to under Section 7.1, this Agreement (other than as set forth in Section 8.1 below) immediately will shall become void and there will be have no effect, without any liability or obligation on the part of any party or their respective Affiliates, stockholders, its directors, officersofficers or stockholders except (a) as provided in Sections 5.1, agents or representatives; provided, 5.5 and 5.11 and (b) to the extent that no such termination will relieve any party of any liability or damages resulting results from any the willful or intentional breach by any party hereto of any of its representationsrepresentation, warranties, covenants warranty or agreements contained in this Agreementcovenant hereunder.
Appears in 2 contracts
Sources: Merger Agreement (HSB Group Inc), Merger Agreement (American International Group Inc)
Effect of Termination and Abandonment. In the event of any termination of this Agreement and the abandonment of the Merger pursuant to this Section 7.1, this Agreement 9 (other than as set forth in Section 8.1 below) immediately will 9.6), this Agreement shall become void and there will be of no effect with no liability or obligation on the part of any party hereto (or their respective Affiliates, stockholders, of any of its directors, officers, agents employees, agents, legal and financial advisors or other representatives); provided, however, that except as otherwise provided herein, no such termination will shall relieve any party hereto of any liability or damages resulting from any willful or intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreement.
Appears in 2 contracts
Sources: Merger Agreement (Applied Science & Technology Inc), Merger Agreement (MKS Instruments Inc)
Effect of Termination and Abandonment. In the event of any a termination of this Agreement and the abandonment of the Merger pursuant to Section 7.1this Article 8, this Agreement (other than as set forth in Section 8.1 below) immediately will shall become void and there will be of no effect, other than the provisions of this Section 8.5, Section 6.1(b), Section 8.6 and Article 9 without any liability or obligation on the part of any party hereto or their respective its Affiliates, stockholders, directors, officers, stockholders, members, managers, employees, agents or and representatives; provided, however, that no such termination will nothing herein shall relieve any a party of any from liability or damages resulting from for any willful or intentional breach by a party of any of its representations, warranties, covenants or agreements contained set forth in this Agreement.
Appears in 2 contracts
Sources: Merger Agreement (Nasdaq Stock Market Inc), Merger Agreement (Instinet Group Inc)
Effect of Termination and Abandonment. In the event of any the termination and abandonment of this Agreement pursuant to under Section 7.18.1, this Agreement (other than as set forth in Section 8.1 below) immediately will shall become void and there will be have no effect, without any liability or obligation on the part of any party or their respective Affiliates, stockholders, its directors, officersofficers or stockholders except (i) as provided in the third sentence of Section 6.1(a), agents or representatives; provided, and in Sections 6.4 and 6.12 and (ii) to the extent that no such termination will relieve results from the willful breach by any party hereto of any liability material representation, warranty or damages resulting from any willful or intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreementcovenant hereunder.
Appears in 2 contracts
Sources: Merger Agreement (Providian Corp), Plan and Agreement of Merger and Reorganization (Providian Bancorp Inc)
Effect of Termination and Abandonment. In If the event of any termination and abandonment of this Agreement pursuant to under Section 7.1, this Agreement (other than as set forth in Section 8.1 below) immediately will shall become void and there will be have no effect, without any liability or obligation on the part of any party or their respective Affiliates, stockholders, its directors, officersofficers or stockholders except (i) as provided in the second sentence of Section 5.1, agents or representatives; providedand in Sections 5.3, 5.4, 5.11 and 5.12 and (ii) to the extent that no such termination will relieve results from the breach by any party hereto of any liability material representation, warranty or damages resulting from any willful or intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreementcovenant hereunder.
Appears in 2 contracts
Sources: Merger Agreement (Cruise America Inc), Merger Agreement (Budget Group Inc)
Effect of Termination and Abandonment. In the event of any the termination and abandonment of this Agreement pursuant to under Section 7.1, this Agreement (other than as set forth in Section 8.1 below) immediately will shall become void and there will be have no effect, without any liability or obligation on the part of any party or their respective Affiliates, stockholders, its directors, officersofficers or shareholders (other than the Identified Shareholders as set forth herein) and except (i) as provided in the second sentence of Section 5.1, agents or representatives; providedand in Sections 5.3, 5.4, 5.5, 5.11 and 8.11 and (ii) to the extent that no such termination will relieve results from the breach in any material respect by any party hereto of any liability representation, warranty or damages resulting from any willful or intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreementcovenant hereunder.
Appears in 2 contracts
Sources: Merger Agreement (American Express Co), Merger Agreement (Rockford Industries Inc)
Effect of Termination and Abandonment. In the event of any the termination and abandonment of this Agreement pursuant to Section 7.1under this Article VII, this Agreement (other than as set forth in Section 8.1 below) immediately will shall become void and there will be have no effect, without any liability or obligation on the part of any party Party, officers or their respective Affiliates, stockholders, directorsexcept (i) as provided in Sections 6.1, officers, agents or representatives; provided, 6.2 and 6.3 and (ii) to the extent that no such termination will relieve results from the willful breach by any party Party hereto of any liability material representation, warranty or damages resulting from any willful or intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreementcovenant hereunder.
Appears in 1 contract
Effect of Termination and Abandonment. In the event of any the termination and abandonment of this Agreement pursuant to under Section 7.1, this Agreement (other than as set forth in Section 8.1 below) immediately will shall become void and there will be have no effect, without any liability or obligation on the part of any party or their respective Affiliates, stockholders, its directors, officersofficers or stockholders except (i) as provided in the third sentence of Section 5.1, agents or representatives; provided, and in Sections 5.4 and 5.11 and (ii) to the extent that no such termination will relieve results from the willful breach by any party hereto of any liability covenant or damages resulting from any willful or intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreementagreement hereunder.
Appears in 1 contract
Sources: Merger Agreement (Transamerica Corp)
Effect of Termination and Abandonment. In the event of any termination of this Agreement pursuant to Section 7.16.7, this Agreement (other than Agreement, except as set forth in Section 8.1 below) immediately will to the provisions of Sections 2.4(a), 6.1 and 6.3 which shall expressly survive any termination, shall become void and there will be of no effect with no liability or obligation on the part of any party or their respective Affiliates, stockholders, directors, officers, agents or representativeshereto; provided, that however, except as otherwise provided herein, no such termination will shall relieve any party hereto of any liability or damages resulting from any willful or intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreement.
Appears in 1 contract
Effect of Termination and Abandonment. In the event of termination of this Agreement hereby pursuant to this Section 7, this Agreement will become void and have no effect except that this Section 7 and Sections 5.12 and 9 hereof will survive any termination of this Agreement pursuant to Section 7.1Agreement, and except that, notwithstanding anything in this Agreement (other than as set forth in Section 8.1 below) immediately will become void and there will to the contrary, no party shall be no liability relieved or obligation on the part of released from any party or their respective Affiliates, stockholders, directors, officers, agents or representatives; provided, that no such termination will relieve any party of any liability liabilities or damages resulting from any arising out of its fraud or willful or intentional breach of any provision of its representations, warranties, covenants or agreements contained in this Agreement.
Appears in 1 contract
Effect of Termination and Abandonment. In the event of any Upon termination of this Agreement pursuant to Section 7.1this Section, this Agreement (other than as set forth in Section 8.1 below) immediately will become shall be void and of no other effect, except for confidentiality and expense provisions, and there will shall be no liability by reason of this Agreement or obligation the termination thereof on the part of any party hereto (other than for breach of a covenant contained herein), or their on the part of the respective Affiliates, stockholders, directors, officers, employees, agents or representatives; provided, that no such termination will relieve any party of any liability or damages resulting from any willful or intentional breach shareholders of any of its representations, warranties, covenants or agreements contained in this Agreementthem.
Appears in 1 contract
Effect of Termination and Abandonment. In the event of any termination of If this Agreement is validly terminated pursuant to Section 7.1this Article 8, this Agreement (other than as set forth in Section 8.1 below) immediately will shall become void and there will be of no effect, other than the provisions of this Section 8.5, Section 6.1(b), Section 8.6, and Article 9 without any liability or obligation on the part of any party or their respective its Affiliates, stockholders, directors, officers, shareholders, members, managers, employees, agents or and representatives; provided, however, that no such termination will nothing herein shall relieve any a party of any from liability or damages resulting from for any willful or intentional breach by a party of any of its representations, warranties, covenants or agreements contained set forth in this Agreement.
Appears in 1 contract
Sources: Purchase Agreement (Terra Nova Financial Group Inc)
Effect of Termination and Abandonment. In the event of any termination of this Agreement pursuant to Section 7.1, this Agreement (other than as set forth in Section 8.1 below) immediately will become void and there will be no liability or obligation on the part of any party or their respective Affiliates, stockholders, directors, officers, agents or representatives; providedprovided , that no such termination will relieve any party of any liability or damages resulting from any willful or intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreement.
Appears in 1 contract
Sources: Merger Agreement (KiNRG, Inc.)
Effect of Termination and Abandonment. In the event of any Upon termination of this Agreement pursuant to Section 7.1this Article 8, other than the provisions of Sections 10.10 and 10.12, this Agreement (other than as set forth in Section 8.1 below) immediately will become shall be void and of no other effect, and there will shall be no liability by reason of this Agreement or obligation the termination thereof on the part of any party hereto (other than for breach of a covenant contained herein), or their on the part of the respective Affiliates, stockholders, directors, officers, agents employees, agents, or representatives; provided, that no such termination will relieve any party of any liability or damages resulting from any willful or intentional breach stockholders of any of its representations, warranties, covenants or agreements contained in this Agreementthem.
Appears in 1 contract
Sources: Merger Agreement (Healthstream Inc)
Effect of Termination and Abandonment. In the event of any the termination and abandonment of this Agreement pursuant to Section 7.1under this Article IX, this Agreement (other than as set forth in Section 8.1 below) immediately will shall become void and there will be have no effect, without any liability or obligation on the part of any party Party or their respective Affiliatesits Directors, stockholdersofficers or stockholders except (i) as provided in Sections 7.1, directors, officers, agents or representatives; provided, 7.2 and 7.10 and (ii) to the extent that no such termination will relieve results from the willful breach by any party Party hereto of any liability material representation, warranty, covenant or damages resulting from any willful or intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreementagreement hereunder.
Appears in 1 contract
Effect of Termination and Abandonment. In ------------------------------------- the event of any the termination and abandonment of this Agreement pursuant to Section 7.1under this Article IX, this Agreement (other than as set forth in Section 8.1 below) immediately will shall become void and there will be have no effect, without any liability or obligation on the part of any party Party or their respective Affiliatesits Directors, stockholdersofficers or stockholders except (i) as provided in Sections 7.1, directors, officers, agents or representatives; provided, 7.2 and 7.10 and (ii) to the extent that no such termination will relieve results from the willful breach by any party Party hereto of any liability material representation, warranty or damages resulting from any willful or intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreementcovenant hereunder.
Appears in 1 contract
Sources: Merger Agreement (Alrenco Inc)
Effect of Termination and Abandonment. In the event of any termination of this Agreement and the abandonment of the Merger pursuant to Section 7.1this Article VII, this Agreement (other than as set forth in this Section 7.2, Section 7.3, Section 8.1 belowand Section 8.7) immediately will shall become void and there will be of no effect with no liability or obligation on the part of any party hereto (or their respective Affiliates, stockholders, of any of its directors, officers, agents employees, agents, legal or financial advisors or other representatives); provided, however, that no such termination will shall relieve any party of hereto from any liability or damages resulting from for any willful or intentional breach of any of its representations, warranties, covenants or agreements contained in this Agreement.
Appears in 1 contract
Sources: Merger Agreement (Acc Corp)
Effect of Termination and Abandonment. In the event of any Upon termination of this Agreement pursuant to Section 7.1this Section, this Agreement (other than as set forth in Section 8.1 below) immediately will become shall be void and of no other effect, and there will shall be no liability by reason of this Agreement or obligation the termination thereof on the part of any party hereto (other than for breach of a covenant contained herein), or their on the part of the respective Affiliatesmanagers, stockholderspartners, directors, members, officers, employees, agents or representatives; provided, that no such termination will relieve any party of any liability or damages resulting from any willful or intentional breach shareholders of any of its representations, warranties, covenants or agreements contained in this Agreementthem.
Appears in 1 contract
Sources: Merger Agreement (Cobb Theatres LLC)