Common use of Cancellation of the Warrants Clause in Contracts

Cancellation of the Warrants. (a) The parties hereby agree that the Warrant Agreement shall be terminated and the Warrants shall be canceled effective as of the date on which the Guaranty, made as of May 31, 1995, by WMX in favor of the Banks listed therein (the "Guaranty"), terminates in accordance with Section 10(a) thereof (such date, the "Common Termination Date"), without the payment of any separate consideration therefor. The parties hereby agree to use their reasonable best efforts to cause the events specified in Section 10(a) of the Guaranty to occur prior to the second business day subsequent to the Effective Time.

Cancellation of the Warrants. (a) The parties hereby agree that the Warrant Agreement shall be terminated and the Warrants shall be canceled effective as of the date on which the Guaranty, made as of May 31, 1995, by WMX the Shareholder in favor of the Banks listed therein (the "Guaranty"), ) terminates in accordance with Section 10(a) thereof (such date, the "Common Termination Date"), without the payment of any separate consideration therefor. The parties hereby agree to use their reasonable best efforts to cause the events specified in Section 10(a) of the Guaranty to occur prior to the second business day subsequent to the Effective Time.