Common use of Procedures for Termination Clause in Contracts

Procedures for Termination. In the event of termination by the Seller or the Purchaser pursuant to Section 10.1, written notice thereof shall forthwith be given to the other party in accordance with Section 11.8, and the Contemplated Transactions shall be terminated without further action by any party.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Sohu Com Inc), Stock Purchase Agreement (Sohu Com Inc)

Procedures for Termination. In the event of termination by the Seller Members or the Purchaser pursuant to Section 10.17.3, written notice thereof shall forthwith be given to the other party in accordance with Section 11.8, and the Contemplated Transactions shall be terminated without further action by any party8.8.

Appears in 2 contracts

Sources: Limited Liability Company Interest Purchase Agreement, Limited Liability Company Interest Purchase Agreement (Longtop Financial Technologies LTD)

Procedures for Termination. In the event of termination by the Seller Seller, on the one hand or the Purchaser Purchaser, on the other hand, pursuant to Section 10.19.1, written notice thereof shall forthwith be given to the other party parties in accordance with Section 11.810.8, and the Contemplated Transactions shall be terminated without further action by any party.

Appears in 1 contract

Sources: Stock Purchase Agreement (Comtech Group Inc)

Procedures for Termination. In the event of termination by the Seller Seller, on the one hand or the Purchaser Purchaser, on the other hand, pursuant to Section 10.1, written notice thereof shall forthwith be given to the other party parties in accordance with Section 11.8, and the Contemplated Transactions shall be terminated without further action by any party.

Appears in 1 contract

Sources: Stock Purchase Agreement (Comtech Group Inc)