Common use of Effect of Termination and Abandonment Clause in Contracts

Effect of Termination and Abandonment. In the event of termination of this Agreement and the abandonment of the Merger pursuant to this Article VIII, no party to this Agreement shall have any liability or further obligation to any other party hereunder except (a) as set forth in Sections 8.03 and 9.01 and (b) that termination will not relieve a breaching party from liability for any willful breach of this Agreement giving rise to such termination.

Appears in 12 contracts

Sources: Merger Agreement (Popular Inc), Merger Agreement (Admiralty Bancorp Inc), Merger Agreement (Centura Banks Inc)

Effect of Termination and Abandonment. In Upon the event of termination of this Agreement and the abandonment of the Merger pursuant to Section 8.1 or 8.2 hereof, this Article VIIIAgreement shall become void and have no effect, and no party to this Agreement shall have any liability to the other in connection with the transactions contemplated hereby, including the Merger, or further obligation to any other party hereunder except (a) as set forth in Sections 8.03 and 9.01 and (b) a result of the termination of this Agreement; provided, that termination will the foregoing shall not relieve a breaching party from of any liability for any willful as a result of a breach of any of the terms of this Agreement giving rise to such terminationAgreement.

Appears in 12 contracts

Sources: Merger Agreement (Republic Property Trust), Merger Agreement (Dupont Fabros Technology, Inc.), Merger Agreement (Dupont Fabros Technology, Inc.)

Effect of Termination and Abandonment. In Upon the event of termination of this Agreement and the abandonment of the Merger pursuant to Section 6.1 or 6.2 hereof, this Article VIIIAgreement shall become void and have no effect, and no party to this Agreement shall have any liability to the other in connection with the transactions contemplated hereby, including the Merger or further obligation to any other party hereunder except (a) as set forth in Sections 8.03 and 9.01 and (b) a result of the termination of this Agreement; provided, that termination will the foregoing shall not relieve a breaching party from of any liability for any willful as a result of a breach of any of the terms of this Agreement giving rise to such terminationAgreement.

Appears in 3 contracts

Sources: Merger Agreement (Kite Realty Group Trust), Merger Agreement (Kite Realty Group Trust), Merger Agreement (Kite Realty Group Trust)

Effect of Termination and Abandonment. In the event of termination of this Agreement and the abandonment of the Merger pursuant to this Article VIIIIV, this Agreement shall forthwith become null and void and have no effect, and no party to this Agreement hereto shall have any liability or further obligation to any other party hereunder except (a) as set forth in Sections 8.03 and 9.01 and (b) that termination will not relieve a breaching party from liability for any willful breach of to this Agreement giving rise to such terminationAgreement.

Appears in 3 contracts

Sources: Merger Agreement (Science Applications International Corp), Agreement and Plan of Merger (Science Applications International Corp), Agreement and Plan of Merger (SAIC, Inc.)

Effect of Termination and Abandonment. In Upon the event of termination of this Agreement and the abandonment of the Merger Partnership Amendment Transaction pursuant to Section 5.1 or 5.2 hereof, this Article VIIIAgreement shall become void and have no effect, and no party to this Agreement shall have any liability to the other in connection with the transactions contemplated hereby, including the Partnership Amendment Transaction, or further obligation to any other party hereunder except (a) as set forth in Sections 8.03 and 9.01 and (b) a result of the termination of this Agreement; provided, that termination will the foregoing shall not relieve a breaching party from of any liability for any willful as a result of a breach of any of the terms of this Agreement giving rise to such terminationAgreement.

Appears in 2 contracts

Sources: Partnership Reorganization Agreement (U-Store-It Trust), Partnership Reorganization Agreement (U-Store-It Trust)

Effect of Termination and Abandonment. In the event of termination of this Agreement and the abandonment of the Merger pursuant to this Article VIIIsection 11, no party to this Agreement shall have become void and of no effect with no liability on the part of any party hereto (or of any of its directors, officers, employees, consultants, contractors, agent, legal and financial advisors, or other representations); provided, however, that except as otherwise provided herein, no such termination shall relieve any party hereto of any liability or further obligation to any other party hereunder except (a) as set forth in Sections 8.03 and 9.01 and (b) that termination will not relieve a breaching party damages resulting from liability for any willful breach of this Agreement giving rise to such terminationcontract.

Appears in 2 contracts

Sources: Merger Agreement, Acquisition and Merger Agreement (Serino 1, Corp.)

Effect of Termination and Abandonment. In the event of termination of this Agreement and the abandonment of the Merger pursuant to this Article VIII9, no party to this Agreement shall have any liability or further obligation to any (other party hereunder except (a) than as set forth in Sections 8.03 Section 7.9) shall become void and 9.01 of no effect with no Liability on the part of any Party hereto (or of any of its directors, officers, employees, agents, legal and (b) that financial advisors or other representatives); provided, however, except as otherwise provided herein, no such termination will not shall relieve a breaching party any Party hereto of any Liability resulting from liability for any willful breach of this Agreement giving rise to such terminationAgreement.

Appears in 2 contracts

Sources: Merger Agreement (Fortis Inc /Nv/), Agreement and Plan of Merger (Alden John Financial Corp)

Effect of Termination and Abandonment. In Upon the event of termination of this Agreement and the abandonment of the Merger pursuant to Section 5.1 or 5.2 hereof, this Article VIIIAgreement shall become void and have no effect, and no party to this Agreement shall have any liability to the other in connection with the Merger, or further obligation to any other party hereunder except (a) as set forth in Sections 8.03 and 9.01 and (b) a result of the termination of this Agreement; provided, that termination will the foregoing shall not relieve a breaching party from of any liability for any willful as a result of a breach of any of the terms of this Agreement giving rise to such terminationAgreement.

Appears in 2 contracts

Sources: Merger Agreement (Summit Hotel Properties, Inc.), Merger Agreement (Summit Hotel Properties, LLC)

Effect of Termination and Abandonment. In Upon the event of termination of this Agreement and the abandonment of the Merger pursuant to Section 7.1 or 7.2 hereof, this Article VIIIAgreement shall become void and have no effect, and no party to this Agreement shall have any liability to the other in connection with the transactions contemplated hereby, including the Merger, or further obligation to any other party hereunder except (a) as set forth in Sections 8.03 and 9.01 and (b) a result of the termination of this Agreement; provided, that termination will the foregoing shall not relieve a breaching party from of any liability for any willful as a result of a breach of any of the terms of this Agreement giving rise to such terminationAgreement.

Appears in 1 contract

Sources: Merger Agreement (Richmond Honan Medical Properties Inc.)

Effect of Termination and Abandonment. In the event of termination of this Agreement and the abandonment of the Merger transactions pursuant to this Article VIII7, no party to this Agreement shall have become void and of no effect with no liability on the part of any party hereto (or of any of its representatives); provided, however, except as otherwise provided herein, no such termination shall relieve any party hereto of any liability or further obligation to damages resulting from any other party hereunder except (a) as set forth in Sections 8.03 and 9.01 and (b) that termination will not relieve a breaching party from liability for any willful breach of this Agreement giving rise to such terminationAgreement.

Appears in 1 contract

Sources: LLC Interest Purchase Agreement (Integrity Media Inc)

Effect of Termination and Abandonment. In the event of termination of this Agreement and the abandonment of the Merger pursuant to this Article VIII7, no party to this Agreement shall have become void and of no effect with no liability on the part of any liability party hereto (or further obligation to of any other party hereunder except (a) as set forth in Sections 8.03 and 9.01 and (b) that termination will not relieve a breaching party from liability for any willful breach of this Agreement giving rise to such terminationits representatives).

Appears in 1 contract

Sources: Merger Agreement (First Fortis Life Insurance Co)

Effect of Termination and Abandonment. In the event of termination of this Agreement and the abandonment of the Merger pursuant to this Article VIIIVII, no party to this Agreement shall have any become void and of no effect with no liability or further obligation to any other person on the part of any party hereunder except hereto (a) as set forth in Sections 8.03 and 9.01 and (b) that termination will not relieve a breaching party from liability for or of any willful breach of this Agreement giving rise to such terminationits representatives or affiliates).

Appears in 1 contract

Sources: Merger Agreement (Goldenway, Inc.)

Effect of Termination and Abandonment. In Upon the event of termination of this Agreement and the abandonment of the Merger pursuant to Section 6.1 or 6.2 hereof, this Article VIIIAgreement shall become void and have no effect, and no party to this Agreement shall have any liability to the other in connection with the transactions contemplated hereby, including the Merger or further obligation to any other party hereunder except (a) as set forth in Sections 8.03 and 9.01 and (b) a result of the termination of this Agreement; provided, that termination will the foregoing shall not relieve a breaching party from of any liability for any willful as a result of a breach of any of the terms of this Agreement giving rise to such termination.Agreement. ARTICLE VII:

Appears in 1 contract

Sources: Merger Agreement (Kite Realty Group Trust)