ABANDONMENT OF THE DISTRIBUTION. The parties expressly acknowledge and agree that ICN is not obligated in any respect to proceed with or complete the Distribution and that ICN may, in its sole and absolute discretion, at any time abandon its plans to proceed with or complete the Distribution. In the event that ICN so determines that it no longer intends to proceed with or complete the Distribution, ICN shall provide to Ribapharm a written notification of such determination (an "Abandonment Notice"). Effective as of the date of the Abandonment Notice, (a) provided that no Distribution Date has yet occurred, Sections 3.3, 5.2 and 5.3 of this Agreement shall terminate, become null and void and have no further force and effect (it being expressly understood and agreed by the parties that such sections shall remain in full force and effect in the event that a Distribution Date has occurred on or prior to the date of the Abandonment Notice) and (b) ICN's rights, and Ribapharm's obligations, set forth in the Registration Rights Agreement shall immediately become effective.
ABANDONMENT OF THE DISTRIBUTION. The parties expressly acknowledge and agree that Methode is not obligated in any respect to proceed with or complete the Distribution and that Methode may, in its sole and absolute discretion, at any time abandon its plans to proceed with or complete the Distribution. In the event that Methode so determines that it no longer intends to proceed with or complete the Distribution, Methode shall promptly after such determination provide to Stratos a written notification of such determination (an "Abandonment Notice"). Effective as of the date of the Abandonment Notice, (a) Section 4.2 of this Agreement shall terminate, become null and void and have no further force and effect (it being expressly understood and agreed by the parties that such Section shall remain in full force and effect in the event that the Distribution has occurred on or prior to the date of the Abandonment Notice), and (b) Methode's rights, and Stratos' obligations, set forth in the Registration Rights Agreement shall immediately become effective.
ABANDONMENT OF THE DISTRIBUTION. In the event that Daisytek International so determines that one or more of the aforesaid conditions precedent has not been satisfied and that it no longer intends to proceed with or complete the Distribution, Daisytek International shall provide to PFSweb a written notification of such determination (an "Abandonment Notice"). Effective as of the date of the Abandonment Notice, (a) provided that no Distribution Date has yet occurred, Sections 4.2 and 4.3 of this Agreement shall terminate, become null and void and have no further force and effect and (b) Daisytek International's rights, and PFSweb's obligations, set forth in the Registration Rights Agreement shall immediately become effective.
ABANDONMENT OF THE DISTRIBUTION. The parties expressly acknowledge and agree that GM is not obligated in any respect to proceed with or complete the Distribution and that GM may, in its sole and absolute discretion, at any time abandon its plans to proceed with or complete the Distribution. In the event that GM so determines that it no longer intends to proceed with or
ABANDONMENT OF THE DISTRIBUTION. The parties expressly acknowledge and agree that Deluxe is not obligated in any respect to proceed with or complete the Distribution and that Deluxe may, in its sole and absolute discretion, at any time abandon its plans to proceed with or complete the Distribution. In the event that Deluxe so determines that it no longer intends to proceed with or complete the Distribution, Deluxe shall provide to eFunds a written notification of such determination (an "Abandonment Notice"). Effective as of the date of the Abandonment Notice, (a) this Agreement shall terminate, become null and void and have no further force and effect and (b) Deluxe's rights, and eFunds' obligations, set forth in the Registration Rights Agreement shall immediately become effective.
ABANDONMENT OF THE DISTRIBUTION. The parties expressly acknowledge and agree that GLC intends to evaluate its strategic options with respect to ownership interest in OSCA remaining after the Initial Public Offering, including, without limitation, the Distribution. The parties further acknowledge and agree that, should GLC decide to pursue the Distribution, GLC will not be obligated in any respect to proceed with or complete the Distribution and that GLC may, in its sole and absolute discretion, at any time abandon its plans to proceed with or complete the Distribution. In the event that GLC so determines that it no longer intends to proceed with or complete the Distribution, GLC shall provide to OSCA a written notification of such determination (an "Abandonment Notice"). Effective as of the date of the Abandonment Notice, provided that no Distribution Date has yet occurred, (a) Sections 4.1 and 4.2 of this Agreement shall terminate, become null and void and have no further force and effect (it being expressly understood and agreed by the parties that such Sections shall remain in full force and effect in the event that a Distribution Date has occurred on or prior to the date of the Abandonment Notice) and (b) GLC's rights, and OSCA's obligations, set forth in the Registration Rights Agreement shall immediately become effective.
ABANDONMENT OF THE DISTRIBUTION. The parties acknowledge and agree that, while Continental intends to consummate the Distribution soon after the six-month anniversary of the consummation of the Initial Public Offering, Continental will not be obligated in any respect to proceed with or complete the Distribution and that Continental may, in its sole and absolute discretion, at any time abandon its plans to proceed with or complete the Distribution. The completion of the Distribution is dependent on the receipt of a favorable ruling from the IRS on the tax free status of the Distribution for Continental and its stockholders. In the event that Continental so determines that it no longer intends to proceed with or complete the Distribution, Continental may provide to Holdings a written notification of such determination (an "Abandonment Notice"). Effective as of the date of the Abandonment Notice and subject to any conditions set forth in the Abandonment Notice, Sections 4.1 and 4.2 of this Agreement shall terminate, become null and void and have no further force and effect.
ABANDONMENT OF THE DISTRIBUTION. The parties expressly acknowledge and agree that Cabot is not obligated in any respect to proceed with or complete the Distribution and that Cabot may, in its sole and absolute discretion, at any time abandon its plans to proceed with or complete the Distribution. In the event that Cabot so determines that it no longer intends to proceed with or complete the Distribution, Cabot shall provide to CMC a written notification of such determination (an "Abandonment Notice"). Effective as of the date of the Abandonment Notice, (a) provided that no Distribution Date has yet occurred, Sections 4.2 and 4.3 of this Agreement shall terminate, become null and void and have no further force and effect (it being expressly understood and agreed by the parties that such Sections shall remain in full force and effect in the event that a Distribution Date has occurred on or prior to the date of the Abandonment Notice) and (b) Cabot's rights, and CMC's obligations, set forth in the Registration Rights Agreement shall immediately become effective.
ABANDONMENT OF THE DISTRIBUTION. The parties expressly acknowledge and agree that Barnes & Noble from time to time intends to evaluate its strategic opxxxxx with respect to its ownership interest in GameStop remaining after the Initial Public Offering, including the Distribution. The parties further acknowledge and agree that, should Barnes & Noble decide to pursue the Distribution, Barnes & Noble will xxx xe oxxxxxted in any respect to proceed with ox xxxxlete the Distribution and that Barnes & Noble may, in its sole and absolute discretion, at any time xxxxxxn ixx xxans to proceed with or complete the Distribution.
ABANDONMENT OF THE DISTRIBUTION. The parties expressly acknowledge and agree that Insight is not obligated in any respect to proceed with or complete the Distribution, and that Insight may, in its sole and absolute discretion, at any time abandon its plans to proceed with or complete the Distribution. In the event that Insight so determines that it no longer intends to proceed with or complete the Distribution, Insight shall provide to Direct Alliance a written notification of such determination (an "Abandonment Notice").
