Consequences of a Termination Event. 7.5 Following the occurrence with respect to a Party of a Termination Event (the “Defaulting Party”) which is continuing, the non-defaulting Party may by notice to the Defaulting Party terminate this Agreement, in which event (and without prejudice to any accrued rights of the Parties hereunder in the event of breach of the terms hereof), this Agreement shall immediately cease to be valid and binding.
Appears in 7 contracts
Samples: Agreement (Gener8 Maritime, Inc.), Agreement (Gener8 Maritime, Inc.), Agreement (Gener8 Maritime, Inc.)
Consequences of a Termination Event. 7.5 8.2 Following the occurrence with respect to a Party of a Termination Event (the “Defaulting Party”) which is continuing, either of the non-defaulting Party other Parties may by notice to the Defaulting Party terminate this Agreement, in which event (and without prejudice to any accrued rights of the Parties hereunder in the event of breach of the terms hereof), this Agreement shall immediately cease to be valid and binding.
Appears in 4 contracts
Samples: Agreement (Cambridge Holdco, Inc.), Agreement (Cambridge Holdco, Inc.), Agreement (Cambridge Holdco, Inc.)
