Effect on Obligations. Termination of this Agreement pursuant to Section 8.1 above, shall terminate all obligations of the parties hereunder and this Agreement shall become void and have no effect without any Liability on the part of any party, except for the obligations under Sections 4.3 (Confidentiality), 4.4 (Public Disclosure), and 10.2 (Indemnification Obligations), and Article 11 (Miscellaneous Provisions); provided, however, that termination shall not relieve any party defaulting or breaching this Agreement prior to such termination from any Liability for such default or breach.
Appears in 6 contracts
Sources: Agreement and Plan of Merger (Oakmont Acquisition Corp.), Merger Agreement (Brooke Corp), Agreement and Plan of Merger (Oakmont Acquisition Corp.)
Effect on Obligations. Termination of this Agreement pursuant to this Section 8.1 above, 8 shall terminate all obligations of the parties hereunder and this Agreement shall become void and have no effect without any Liability on the part of any partyhereunder, except for the obligations under Sections 4.3 (Confidentiality)9.1, 4.4 (Public Disclosure)9.2, 9.8 and 10.2 (Indemnification Obligations), and Article 11 (Miscellaneous Provisions)9.11; provided, however, that termination nothing herein shall not relieve any party the defaulting or breaching this Agreement prior to such termination party from any Liability for such default or breachliability to the other party hereto.
Appears in 3 contracts
Sources: Stock Purchase Agreement (Capella Education Co), Convertible Preferred Stock Purchase Agreement (Capella Education Co), Stock Purchase Agreement (Capella Education Co)
Effect on Obligations. Termination of this Agreement pursuant to Section 8.1 above, this --------------------- Article 10 shall terminate all obligations of the parties hereunder and this Agreement shall become void and have no effect without any Liability liability on the part of any partyparty or the shareholders, directors, officers or partners in respect thereof, except for the obligations under Sections 4.3 (Confidentiality)6.3, 4.4 (Public Disclosure)7.1 and 12.3, and 10.2 (Indemnification Obligations), and Article 11 (Miscellaneous Provisions)below; provided, however, that termination pursuant to clause (c) of Section 10.1, -------- ------- above, shall not relieve any party the defaulting or breaching this Agreement prior to such termination party from any Liability for such default or breachliability to the other party.
Appears in 1 contract
Sources: Stock Purchase Agreement (Data Processing Resources Corp)
Effect on Obligations. Termination of this Agreement pursuant to Section 8.1 above, shall terminate all obligations of the parties hereunder and this Agreement shall become void and have no effect without any Liability on the part of any partyparty or the Representatives in respect thereof, except for the obligations under Sections 4.3 (Confidentiality)Section 5.4, 4.4 (Public Disclosure), 5.6 and 10.2 (Indemnification Obligations), and Article 11 (Miscellaneous Provisions)9.7; provided, however, that termination pursuant to Sections 8.1(b)(ii) or (c) shall not relieve any party the defaulting or breaching this Agreement prior to such termination party from any Liability for such default to the nondefaulting or breachnonbreaching party.
Appears in 1 contract
Effect on Obligations. Termination of this Agreement pursuant to Section 8.1 8.1, above, shall terminate all obligations of the parties hereunder and this Agreement shall become void and have no effect without any Liability liability on the part of any party, except for the obligations under Sections 4.3 5.4 (Confidentiality), 4.4 5.5 (Public DisclosurePublicity), and 10.2 (Indemnification Obligations), and Article 11 XII (Miscellaneous Provisions); provided, however, that termination shall not relieve any party defaulting or breaching this Agreement prior to such termination from any Liability liability for such default or breach.. ARTICLE IX THE CLOSING 9.1
Appears in 1 contract
Sources: Stock Purchase Agreement
Effect on Obligations. Termination of this Agreement pursuant to Section 8.1 above, shall will terminate all obligations of the parties hereunder and this Agreement shall become void and have no effect without any Liability on the part of any partyhereunder, except for the their obligations under Sections 4.3 (Confidentiality), 4.4 (Public Disclosure), this Article VIII and 10.2 (Indemnification Obligations), Articles VI and Article 11 (Miscellaneous Provisions)IX; provided, however, that unless this Agreement has been terminated pursuant to Section 8.1(c), termination shall of this Agreement will not relieve any a breaching party defaulting (whether or breaching this Agreement prior to such termination not it is the terminating party) from any Liability for such default liability to the other party hereto arising from or breachrelated to its prior breach of any representations, warranties, covenants or agreements contained herein.
Appears in 1 contract
Effect on Obligations. Termination of this Agreement pursuant to Section 8.1 8.1, above, shall terminate all obligations of the parties hereunder and this Agreement shall become void and have no effect without any Liability liability on the part of any party, except for the obligations under Sections 4.3 5.4 (Confidentiality), 4.4 5.5 (Public DisclosurePublicity), and 10.2 (Indemnification Obligations), and Article 11 XII (Miscellaneous Provisions); provided, however, that termination shall not relieve any party defaulting or breaching this Agreement prior to such termination from any Liability liability for such default or breach.
Appears in 1 contract