Common use of Liability Upon Termination Clause in Contracts

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.2, then this Agreement shall, except as provided in Section 1.3 hereof or in this Section 9.3, forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders or Buyer except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Section 9.3.

Appears in 1 contract

Sources: Share Purchase Agreement (Energy Ventures Inc /De/)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.2, this Article 9 then this Agreement shall, except as provided in Section 1.3 hereof or in this Section 9.3, shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders Seller or Buyer the Buyer, except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Section 9.3agreements.

Appears in 1 contract

Sources: Asset Purchase Agreement (Poindexter J B & Co Inc)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement Transactions is terminated pursuant to any provision of Section 9.211.1, then this Agreement shall, except as provided in Section 1.3 hereof or in this Section 9.3, shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders or Buyer Parties except and to the extent such termination results from the willful breach by a party Party of any of its representations, warranties warranties, covenants or agreements hereunder. The hereunder and except that the termination of this Agreement shall not relieve any party Party of its obligations under this Section 9.36.1(d) and Section 12.1.

Appears in 1 contract

Sources: Purchase Agreement (NACG Holdings Inc.)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.2this Article 10, then this Agreement shall, except as provided in Section 1.3 hereof or in this Section 9.3, shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders Seller or Buyer E21 except and to the extent such the termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Section 9.3agreements.

Appears in 1 contract

Sources: Acquisition Agreement (BRL Holdings Inc)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.2, this Article 9.0 then this Agreement shall, except as provided in Section 1.3 hereof or in this Section 9.3, shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders Seller or the Buyer except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Section 9.3agreements.

Appears in 1 contract

Sources: Asset Purchase Agreement (PRB Transportation, Inc.)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.29.1 hereof, then this Agreement shall, except as provided in Section 1.3 hereof or in this Section 9.3, shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders Shareholder or the Buyer except and to the extent such termination results from the willful breach by a party Party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party Party of its obligations under this Section 9.39.2.

Appears in 1 contract

Sources: Share Purchase Agreement (Allis Chalmers Energy Inc.)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.2SECTION 10.1 hereof, then this Agreement shallthen, except as provided in Section 1.3 hereof or in SECTION 1.2, and except for the provisions of SECTION 6.1, SECTION 10.2 and SECTION 12.11, this Section 9.3, Agreement shall forthwith become void and there the parties shall not be any have no liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders or Buyer hereunder except and to the extent such termination results from the knowing and willful breach by a party of any of its representations, warranties covenants or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Section 9.3.

Appears in 1 contract

Sources: Stock Purchase Agreement (Pacific Energy Resources LTD)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement Transactions is terminated pursuant to any provision of Section 9.28.1, then this Agreement shallthen, except as provided in Section 1.3 hereof or in Sections 5.5 and 5.7, this Section 9.3, Agreement shall forthwith become void and there the parties shall not be any have no liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders or Buyer hereunder except and to the extent such termination results from the willful breach by a party of any of its representations, warranties warranties, covenants or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Section 9.3.

Appears in 1 contract

Sources: Purchase Agreement (Geokinetics Inc)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.2, then this Agreement shall, except as provided in Section 1.3 hereof or in this Section 9.3, forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders or Buyer except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Section 9.3.

Appears in 1 contract

Sources: Share Purchase Agreement (Evi Inc)

Liability Upon Termination. If the obligation to close the transactions contemplated by this Agreement is terminated pursuant to any provision of Section 9.29.1 hereof, then this Agreement shall, except as provided in Section 1.3 hereof or in this Section 9.3, shall forthwith become void and there shall not be any liability or obligation with respect to the terminated provisions of this Agreement on the part of the Shareholders Sellers or Buyer except and to the extent such termination results from the willful breach by a party of any of its representations, warranties or agreements hereunder. The termination of this Agreement shall not relieve any party of its obligations under this Section 9.39.2.

Appears in 1 contract

Sources: Stock Purchase Agreement (Basic Energy Services Inc)