Common use of Liabilities After Termination Clause in Contracts

Liabilities After Termination. Upon any termination of this Agreement pursuant to Section 12.1 hereof, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 hereof, but no such termination shall relieve any party hereto of any liability to the other parties hereto for any breach of this Agreement prior to the date of such termination.

Appears in 2 contracts

Sources: Acquisition Agreement (Be Aerospace Inc), Acquisition Agreement (Ryan Patrick L Trust 1998)

Liabilities After Termination. Upon any termination of this Agreement pursuant to Section 12.1 hereof12.1, except as provided in Section 13.4(b), no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 hereofhereunder; provided, but however, that no such termination shall relieve any party hereto of any liability to the other parties hereto for any intentional breach of this Agreement prior to the date of such termination.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Kevco Partners Investment Trust), Securities Purchase Agreement (Kevco Inc)

Liabilities After Termination. Upon any termination of this Agreement pursuant to Section 12.1 12.1, except as provided in Section 13.4(b) hereof, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 hereofhereunder; provided, but however, that no such termination shall relieve any party hereto of any liability to the other parties hereto for any intentional breach of this Agreement prior to the date of such termination.

Appears in 1 contract

Sources: Stock Purchase Agreement (Kevco Inc)

Liabilities After Termination. Upon any termination of this Agreement pursuant to Section 12.1 hereofabove, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 hereofhereunder; provided, but however, that no such termination shall relieve any party hereto of any liability to the other parties hereto for any breach of this Agreement prior to the date of such terminationtermination and provided, further, that Seller shall remain bound by Section 5.3 above, Buyer shall remain bound by Section 6.2 above, and each of Seller and Buyer shall remain bound by Section 13.5 below.

Appears in 1 contract

Sources: Asset Purchase Agreement (Hollywood Com Inc)

Liabilities After Termination. Upon any termination of this Agreement pursuant to Section 12.1 hereofabove, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 hereofhereunder; provided, but however, that no such termination shall relieve any party hereto of any liability to the other parties hereto for any breach of this Agreement prior to the date of such terminationtermination and provided, further, that Seller shall remain bound by Section 5.4 above and each of Seller and Buyer shall remain bound by Section 13.5 below.

Appears in 1 contract

Sources: Asset Purchase Agreement (Hollywood Media Corp)

Liabilities After Termination. Upon any termination of this Agreement pursuant to Section 12.1 hereof13.1 above, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 hereofhereunder; provided, but however, that no such termination shall relieve any party hereto of any liability to the other parties hereto for any breach of this Agreement prior to the date of such terminationtermination and provided, further, that FMS shall remain bound by Section 5.4 above and the parties shall remain bound by Section 14.5 below.

Appears in 1 contract

Sources: Transfer and Shareholders Agreement (Hollywood Media Corp)

Liabilities After Termination. Upon any termination of this Agreement pursuant to Section 12.1 hereof13.1, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 hereofhereunder; provided, but no however, that such termination shall not relieve any party hereto of any liability to the other parties hereto for any knowing and willful breach of this Agreement prior to the date of such termination.

Appears in 1 contract

Sources: Stock Purchase Agreement (3055854 Nova Scotia Co)

Liabilities After Termination. Upon any termination of this Agreement pursuant to Section 12.1 hereofabove, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 hereofhereunder; PROVIDED, but HOWEVER, that no such termination shall relieve any party hereto of any liability to the other parties hereto for any breach of this Agreement prior to the date of such terminationtermination and PROVIDED, FURTHER, that Seller shall remain bound by Section 5.5 above, Buyer shall remain bound by Section 6.2 above, and each of Seller and Buyer shall remain bound by Section 13.5 below.

Appears in 1 contract

Sources: Asset Purchase Agreement (Big Entertainment Inc)

Liabilities After Termination. Upon any termination of this Agreement pursuant to Section 12.1 hereof14.1 above, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's Purchasers' obligations pursuant to Section 6.2 7.2 hereof, but no such termination shall relieve any either party hereto of any liability to the other parties party hereto for any breach of this Agreement prior to the date of such terminationtermination and each party hereto shall have all rights at law or in equity, against the other based upon such breach, including, without limitation, the right to seek specific performance.

Appears in 1 contract

Sources: Asset Sale Agreement (Fuqua Enterprises Inc)

Liabilities After Termination. Upon any termination of this Agreement pursuant to Section 12.1 hereof13.1 above, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 7.2 hereof, but no such termination shall relieve any either party hereto of any liability to the other parties party hereto for any breach of this Agreement prior to the date of such termination.

Appears in 1 contract

Sources: Asset Sale Agreement (Bremen Bearings Inc)

Liabilities After Termination. Upon any termination of ----------------------------- this Agreement pursuant to Section 12.1 13.1 hereof, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 hereofhereunder, but no such termination shall relieve any either party hereto of any liability to the other parties party hereto for any breach of this Agreement prior to the date of such termination.

Appears in 1 contract

Sources: Asset Purchase Agreement (Heartland Technology Inc)

Liabilities After Termination. Upon any termination of this Agreement pursuant to Section 12.1 hereof15.1 above, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 8.2 hereof, but no such termination shall relieve any either party hereto of any liability to the other parties party hereto for any breach of this Agreement prior to the date of such termination.

Appears in 1 contract

Sources: Asset Purchase Agreement (Imo Industries Inc)

Liabilities After Termination. Upon any termination of this Agreement pursuant to Section 12.1 hereof13.1, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 hereofhereunder, but no such termination shall relieve any either party hereto of any liability to the other parties party hereto for any breach of this Agreement prior to the date of such termination.

Appears in 1 contract

Sources: Asset Purchase Agreement (Cypros Pharmaceutical Corp)

Liabilities After Termination. Upon any termination of this ----------------------------- Agreement pursuant to Section 12.1 hereofthis Article X, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 hereofas set forth in Articles VII and VIII, but no such termination shall relieve any either party hereto of any liability to the other parties party hereto for any breach of this Agreement prior to the date of such termination.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Chattem Inc)

Liabilities After Termination. Upon any termination of this Agreement pursuant to Section 12.1 hereofabove, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 hereofhereunder; provided, but however, that no such termination shall relieve any party hereto of any liability to the other parties hereto for any breach of this Agreement prior to the date of such terminationtermination and provided, further, that Seller shall remain bound by Section 5.5 above, Buyer shall remain bound by Section 6.2 above, and each of Seller and Buyer shall remain bound by Section 13.5 below.

Appears in 1 contract

Sources: Asset Purchase Agreement (Big Entertainment Inc)

Liabilities After Termination. Upon any termination of this Agreement pursuant to Section 12.1 hereof13.1, no party hereto shall thereafter have any further liability or obligation hereunder other than the Purchaser's obligations pursuant to Section 6.2 hereofhereunder; provided, but however, that no such termination shall relieve any party hereto of any liability to the other parties hereto for any intentional breach of this Agreement prior to the date of such termination.

Appears in 1 contract

Sources: Stock Purchase Agreement (Kevco Inc)