Common use of Liability After Termination Clause in Contracts

Liability After Termination. If this Agreement is terminated by reason other than default, thereafter no Party shall have any further obligation or liability to any other Party other than for performance of their respective obligations expressly stated in this Agreement or other Project Agreement to survive termination or by their sense and context are intended to survive termination. If this Agreement is terminated for default, such termination shall not excuse the defaulting Party from any obligation or liability arising out of such default as provided in this Agreement or any Project Agreement.

Liability After Termination. If this Agreement is terminated by reason other than default, thereafter no Party shall have any further obligation or liability to any other Party other than for performance of their respective obligations expressly stated in this Agreement or other Project Agreement to survive termination or by their sense and context are intended to survive termination. If this Agreement is terminated for default, such termination shall not excuse the defaulting Party from any continuing obligation or liability arising out of such default as provided in this Agreement or any Project Agreement.