Sample Share Purchase And Share Holder Agreement Page 69
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77(b)
In the event of any termination pursuant to this Clause 10.9 (other than pursuant
to Clause 10.9(a)(i)), a 15 (fifteen) Business Days written notice setting forth the reasons
therefor shall promptly be given by the terminating Party, to the other Party(ies).
10.10
Survival
(a)
Notwithstanding anything to the contrary in this Agreement, any termination
pursuant to Clause 10.9 will not affect the effectiveness of Articles 1, 6, 8 and 10, Clause
4.9 and Schedule III and additionally to the extent that the termination is caused pursuant
to Clause 10.9(a)(iii) the effectiveness of Clauses 5.3, 5.4, 5.5, 5.6, 5.7 and 5.8 and
Schedule II of this Agreement and the Parties obligations stated therein.
(b)
No termination of this Agreement or any agreement related hereto shall
release any Party from any liability to any other party which at the time of such
termination has already accrued, nor affect in any way the survival of any right or
obligation of any Party which is expressly stated elsewhere in this Agreement or in any
agreement related hereto to survive the expiration or termination hereof.
(c)
If after termination of this Agreement, the consent of the Government is
required for any matter under this Agreement including Clause 4.9, the Parties agree that
the Joint Secretary, Department of _____, Ministry of _________ shall be the authorised
representative of the Government for such purpose.
10.11
Severability
If any provision of this Agreement is determined to be invalid or unenforceable in whole
or in part, such invalidity or unenforceability shall attach only to such provision or part of
such provision and the remaining part of such provision and all other provisions of this
Agreement shall continue to be in full force and effect.
10.12
Notices
Any notice or other writing required or permitted to be given under this Agreement or for
the purposes of this Agreement (referred to in this section as a "Notice") to any Party
shall be sufficiently given if delivered personally, or if sent by prepaid registered mail or
if transmitted by fax or other form of recorded communication tested prior to
transmission to such Party;
(a)
in the case of a notice to Government, at:
Attention: Administrative Secretary
Address: Department of ___________, Government of Punjab.
Fax:
(b)
in the case of Notice to the Strategic Partner, at:
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