Common use of Cancellation of Prior Agreement Clause in Contracts

Cancellation of Prior Agreement. Effective as of the business day immediately preceding the Closing Date, and prior to the Effective Time, except as expressly provided in Sections 2 and 4 below, the Prior Agreement shall be cancelled in its entirety and the parties thereto shall have no further rights or obligations thereunder. In the event that the Merger Agreement is terminated or otherwise cancelled, this Agreement will be null and void ab initio, and the Prior Agreement will remain in full force and effect in accordance with its terms.

Cancellation of Prior Agreement. Effective as As of the business day immediately preceding Effective Date (the Closing “Effective Date, and prior to the Effective Time, except as expressly provided in Sections 2 and 4 below” of this Agreement), the Prior Agreement shall be cancelled in its entirety and the parties thereto shall have no further rights or obligations thereunder. In the event that the Merger Agreement is terminated or otherwise cancelled, this Agreement will be null and void ab initio, and the Prior Agreement will remain in full force and effect in accordance with its termseffect.