Common use of 02Effect of Termination Clause in Contracts

02Effect of Termination. (a) The termination of this Agreement shall terminate all further rights and obligations of the Stockholders under this Agreement except that such termination shall not effect: (i) the existence of the Company; (ii) the obligation of any party to this Agreement to pay any amounts arising on or prior to the date of termination, or as a result of or in connection with such termination; (iii) the rights which any Stockholder may have by operation of law as a stockholder of the Company; or (iv) the rights contained herein which by their terms are intended to survive termination of this Agreement. (b) The following provisions shall survive the termination of this Agreement: Section 4.02 (as and to the extent provided in Section 4.02(d)), this Section 6.02, Section 7.04, Section 7.12, Section 7.13, Section 7.14, Section 7.15, Section 7.16, and Section 7.17.

Appears in 4 contracts

Samples: Stockholders Agreement (Boxabl Inc.), Stockholders Agreement (Boxabl Inc.), Stockholders Agreement (Boxabl Inc.)

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02Effect of Termination. (a) The termination of this Agreement shall terminate all further rights and obligations of the Stockholders under this Agreement except that such termination shall not effect: (i) the existence of the Company; (ii) the obligation of any party to this Agreement to pay any amounts arising on or prior to the date of termination, or as a result of or in connection with such termination; (iii) the rights which any Stockholder may have by operation of law as a stockholder of the Company; or (iv) the rights contained herein which by their terms are intended to survive termination of this Agreement. (b) The following provisions shall survive the termination of this Agreement: Section 4.02 5.02 (as and to the extent provided in Section 4.02(d5.02(d)), this Section 6.027.02, Section 7.048.04, Section 7.128.12, Section 7.138.13, Section 7.148.14, Section 7.158.15, Section 7.168.16, and Section 7.178.17.

Appears in 2 contracts

Samples: Stockholders Agreement (Boxabl Inc.), Stockholders Agreement (Boxabl Inc.)

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02Effect of Termination. (a) The termination of this Agreement shall terminate all further rights and obligations of the Stockholders under this Agreement except that such termination shall not effect: (i) the existence of the Company; (ii) the obligation of any party to this Agreement to pay any amounts arising on or prior to the date of termination, or as a result of or in connection with such termination; (iii) the rights which any Stockholder may have by operation of law as a stockholder of the Company; or (iv) the rights contained herein which by their terms are intended to survive termination of this Agreement. (b) The following provisions shall survive the termination of this Agreement: Section 4.02 (as and to the extent provided in Section 4.02(d)), this Section 6.02, Section 7.04, Section 7.12, Section 7.13, Section 7.14, Section 7.15, Section 7.16, and Section 7.17.. ARTICLE VII

Appears in 1 contract

Samples: Stockholders Agreement (Boxabl Inc.)

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