Liability on Termination Sample Clauses
The 'Liability on Termination' clause defines the responsibilities and obligations of each party regarding outstanding liabilities when a contract ends. Typically, it clarifies which payments, damages, or other financial obligations must still be fulfilled after termination, such as unpaid fees or compensation for breaches that occurred before the contract ended. This clause ensures that parties remain accountable for certain actions or debts even after the contractual relationship has formally concluded, thereby preventing disputes over unresolved liabilities.
Liability on Termination. The termination or expiry of this Agreement shall not release either of the Parties from any liability which at the time of termination or expiry has already accrued to the other Party, nor affect in any way the survival of any other right, duty or obligation of the Parties which is expressly stated elsewhere in this Agreement to survive such termination or expiry.
Liability on Termination. Any termination of this Agreement pursuant to this Section 10 shall be without liability of any character (including, but not limited to, loss of anticipated profits or consequential damages on the part of any party thereto); except that the Company and the Placement Agent shall be obligated to pay, respectively, all losses, claims, damages or liabilities, joint or several, under Section 7.01 in the case of the Company, Section 7.03 in the case of the Placement Agent and Section 7.06 as to all parties.
Liability on Termination. Neither Party will be liable to the other for any loss or damage arising from or as a result of the nonrenewal or termination of this RMSA in accordance with its terms. Reseller hereby waives any and all compensation or damages relating to or arising from, directly or indirectly, such termination and agrees that it will have no rights to damages or indemnification of any nature, specifically including any commercial severance pay related to loss of future profits, expenditure for promotion of the Services, or payment of goodwill or other commitments in connection with the business and goodwill of Reseller.
Liability on Termination. If this Agreement is terminated, it shall, except for obligations contained in Sections 12.1, 12.4 and 12.5 hereof, become void and of no force and effect and there shall be no liability on the part of any party hereto or their respective officers and directors except to the extent that any party is in default of any of its obligations, including, without limitation, a breach of any representation, warranty, or covenant herein; for greater certainty, nothing herein shall limit, restrict, release or diminish a party’s right to bring a claim, suit or action for losses or damages including, without limitation, for recovery of costs, expenses, losses, legal expenses, fees to consultants, investment banking firms, bankers and other lenders and prospective equity investors, for economic loss or otherwise arising from such default.
Liability on Termination. Upon any termination of this Agreement pursuant to Section 5.02 (a), no party shall have any liability or obligation hereunder (except to observe the confidentiality provisions hereof), and each party shall bear the expenses incurred by it. If a party should terminate pursuant to Section 5.02(b) or Section 5.02(d), the terminating party shall have no liability, but the defaulting party shall not be excused from liability to the other party unless it can clearly demonstrate that the failure to perform was caused by persons or acts beyond its control. If the termination is the result of an event described in Section 5.02(c) above, the terminating party shall have no liability to the other party provided that the terminating party did not delay the closing beyond the Outside Date, but the party causing that delay shall not be excused from liability to the other party unless it can clearly demonstrate that such delay was caused by persons or acts beyond its control.
Liability on Termination. If this Agreement is terminated, it shall, except for obligations under Section 1.9 (Governing Law) Section 5.8 (Confidential Information), Section 11.2 (Arbitration, Place of Jurisdiction) and Section 12.7 (Language) hereunder, become void and of no force and effect and there shall be no liability on the part of any Party or their respective officers and directors except to the extent that any Party is in default of any of its obligations.
Liability on Termination. Eligible Customer shall remain liable to the Midwest ISO and, as applicable, ITC for costs of the System Facilities Study already incurred, costs of the System Facilities Study that cannot be reasonably avoided and for the costs of terminating the System Facilities Study.
Liability on Termination. Eligible Customer shall remain liable to the Transmission Provider costs of the System Facilities Study already incurred, costs of the System Facilities Study that cannot be reasonably avoided and for the costs of terminating the System Facilities Study.
Liability on Termination. 9.1 Either party may terminate this Agreement upon giving to the other party ten (10) business days notice of termination. Except as expressly stated in this Agreement, neither of ▇.▇▇▇ or WDG will be liable to the other for any damages or compensation due to the termination of this Agreement. This waiver includes any possible claims for the loss of present or future profits, for reimbursement for any investments or expenditures made in connection with this Agreement, or for any goodwill of a business.
Liability on Termination. In the event of termination of this Agreement as provided in Section 12.1, above, neither party hereto shall have any liability hereunder of any nature whatsoever to the other, including any liability for damages, provided that this Section 12.2 shall not preclude liability for a willful act, or a willful failure to act, in violation or breach of the terms and conditions hereof.