Common use of Termination of Obligations and Waiver of Conditions; Payment of Expenses Clause in Contracts

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition are terminated and abandoned pursuant to this Article 10 hereof, this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders or controlling persons to each other. For the costs and expenses incident to its negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel, HAPS shareholders shall bear the expenses incurred by HAPS, and PGMI shareholders shall bear the expenses incurred by PGMI.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Haps Usa, Inc.)

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition are terminated and abandoned pursuant to this Article 10 11 hereof, this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders or controlling persons to each other. For the costs and expenses incident to its negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel, HAPS Sustut shareholders shall bear the expenses incurred by HAPSSustut, and PGMI Optex shareholders shall bear the expenses incurred by PGMIOptex.

Appears in 1 contract

Sources: Reorganization Agreement (Optex Systems Holdings Inc)

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition are terminated and abandoned pursuant to this Article 10 11 hereof, this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders or controlling persons to each other. For the costs and expenses incident to its negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel, HAPS shareholders Aspen shall bear the expenses incurred by HAPSAspen and Merger Sub, and PGMI shareholders PrivateCo shall bear the expenses incurred by PGMIPrivateCo.

Appears in 1 contract

Sources: Merger Agreement (Aspen Group, Inc.)

Termination of Obligations and Waiver of Conditions; Payment of Expenses. In the event this Agreement and the acquisition are terminated and abandoned pursuant to this Article 10 hereof, this Agreement shall become void and of no force and effect and there shall be no liability on the part of any of the parties hereto, or their respective directors, officers, shareholders or controlling persons to each other. For the costs and expenses incident to its negotiation and preparation of this Agreement and any of the documents evidencing the transactions contemplated hereby, including fees, expenses and disbursements of counsel, HAPS SSI shareholders shall bear the expenses incurred by HAPSSSI, and PGMI AWI shareholders shall bear the expenses incurred by PGMIAWI.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Silicon South Inc)