Common use of Consequences of an Optional Early Termination Clause in Contracts

Consequences of an Optional Early Termination. In consideration of the termination of the Transaction, Party A shall deliver to Party B a number of Shares equal to the Number of Shares on the Settlement Date; provided that such delivery shall be deemed satisfied upon delivery of the Number of Shares to Party B on the Effective Date in accordance with Section 6(a) below. Upon the Termination Date, the Transaction shall be terminated and neither party shall have any further obligation to the other party in respect thereof.

Appears in 5 contracts

Samples: Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Total Return Swap Transaction (Emmis Communications Corp), Total Return Swap Transaction (Emmis Communications Corp)

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Consequences of an Optional Early Termination. In consideration of the termination of the Transaction, Party A shall deliver to Party B on the Settlement Date a number of Shares equal to the Number of Shares on the Settlement DateShares; provided that such delivery shall be deemed satisfied upon delivery of the Number of Shares to Party B on the Effective Date in accordance with Section 6(a) below. Upon the Termination Date, the Transaction shall be terminated and neither party shall have any further obligation to the other party in respect thereof.

Appears in 1 contract

Samples: Total Return Swap Transaction (Emmis Communications Corp)

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