Effect of Termination Prior to the Closing

Effect of Termination Prior to the Closing. In the event of termination of this Agreement by the Seller or the Purchaser pursuant to and in accordance with Section 3.9, written notice thereof shall forthwith be given by the terminating Party to the other Parties hereto in accordance with Section 14.7, and this Agreement shall thereupon terminate and become void and have no force or effect, no Party to this Agreement (or any of its Affiliates or its or their respective representatives) will have any liability or further obligation to any other Party to this Agreement (and the Parties shall be relieved and released from any related liabilities or damages), and the transactions contemplated hereby shall be abandoned without further action by the Parties hereto, except that notwithstanding anything herein to the contrary: (A) the provisions of Sections 2.8, 7.7 and 12.4 shall survive the termination of this Agreement; and (B) no Party shall be relieved or released from any liabilities or damages arising out of its breach of its obligations under this Agreement prior to such termination.