Consequences on Termination Clause Samples
The "Consequences on Termination" clause defines what happens to the rights and obligations of the parties when a contract is ended, whether by expiration or early termination. It typically outlines which provisions survive termination, such as confidentiality or payment obligations, and may specify the return of property, settlement of outstanding fees, or cessation of services. This clause ensures both parties understand their responsibilities after the contract ends, reducing disputes and clarifying the process for winding down the contractual relationship.
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Consequences on Termination. On termination of this Agreement, the Distributor shall have the following obligations, and the Supplier the following rights, with respect to the Products for which rights terminate under this Agreement:
Consequences on Termination. In the event this Agreement expires or is terminated in accordance with this Section 7, then (a) all Services to be provided will promptly cease, (b) each of Parent and Spinco shall promptly return all confidential information received from the other party in connection with this Agreement (including the return of all information received with respect to the Services of Parent or Spinco, as the case may be), without retaining a copy thereof, and (c) each of Parent and Spinco shall honor all credits and make any accrued and unpaid payment to the other party as required pursuant to the terms of this Agreement, and no rights already accrued hereunder shall be affected.
Consequences on Termination. In the event this Agreement expires or is terminated in accordance with this Section 7, then (a) all Services to be provided will promptly cease, (b) each of Harr▇▇ ▇▇▇ Lani▇▇ ▇▇▇ll promptly return all confidential information received from the other party in connection with this Agreement (including the return of all information received with respect to the Services or products of Harr▇▇ ▇▇ Lani▇▇, ▇▇ the case may be), without retaining a copy thereof, and (c) each of Harr▇▇ ▇▇▇ Lani▇▇ ▇▇▇ll honor all credits and make any accrued and unpaid payment to the other party as required pursuant to the terms of this Agreement, and no rights already accrued hereunder shall be affected.
Consequences on Termination. If this Agreement expires or is terminated in accordance with this Section 7, then (a) all Services to be provided will promptly cease, (b) each of Synovus and TSYS shall promptly return all Confidential Information received from the other Party in connection with this Agreement (including the return of all information received with respect to the Services of Synovus or TSYS, as the case may be), without retaining a copy thereof, and (c) each of Synovus and TSYS shall honor all credits and make any accrued and unpaid payment to the other Party as required pursuant to the terms of this Agreement, and no rights already accrued hereunder shall be affected.
Consequences on Termination. In the event this Agreement --------------------------- expires or is terminated, then (a) each of Lessor and Lessee shall promptly return all Confidential Information received from the other Party in connection with this Agreement (including the return of all information received with respect to products of Lessor or Lessee, as the case may be), without retaining a copy thereof, (b) each of Lessor and Lessee shall honor all credits and make any accrued and unpaid payment to the other Party as required pursuant to the terms of this Agreement, and (c) each Party shall continue to be subject to its accrued but unperformed obligations and any liabilities in respect of its prior breach hereof.
Consequences on Termination. In the event this Agreement expires or is terminated in accordance with this Section 7, then (a) all Services to be provided will promptly cease, (b) each of GLC and GLC Housing shall promptly return all confidential information received from the other party in connection with this Agreement (including the return of all information received with respect to the Services of GLC or GLC Housing, as the case may be), without retaining a copy thereof, and (c) each of GLC and GLC Housing shall honor all credits and make any accrued and unpaid payment to the other party as required pursuant to the terms of this Agreement, and no rights already accrued hereunder shall be affected.
Consequences on Termination. In the event this Agreement --------------------------- expires or is terminated in accordance with this Article VI, then (a) Armkel shall promptly cease all Manufacturing Services, and shall cause its Affiliates to do so, and shall transfer back to C&D all works in progress and finished goods and associated raw materials, (b) each of Armkel and C&D shall promptly return all Confidential Information received from the other Party in connection with this Agreement, without retaining a copy thereof, (c) each of Armkel and C&D shall promptly honor all credits and make any accrued and unpaid payment to the other Party as required pursuant to the terms of this Agreement, including payments for all works in progress, finished goods and raw materials, (d) C&D shall remove its Equipment from the Facility as contemplated by Section 3.3 hereof, and (e) each Party shall continue to be subject to and responsible for its accrued but unperformed obligations and any liabilities in respect of its prior breach hereof.
Consequences on Termination. Subject to the terms of Article VI, in the event this Agreement expires or is terminated in accordance with this Article VII, then (a) each Party will promptly cease all performance of the Services, and shall cause its Affiliates to do so, (b) each of the Company and Buyer shall promptly return all Confidential Information received from the other Party or its Affiliates in connection with this Agreement (including the return of all information received with respect to the Services or products of the Company or Buyer, as the case may be), without retaining a copy thereof, (c) each of the Company and Buyer shall honor all credits and make any accrued and unpaid payment to the other Party as required pursuant to the terms of this Agreement, and (d) each Party shall continue to be subject to and responsible for its accrued but unperformed obligations and any liabilities in respect of its prior breach of this Agreement.
Consequences on Termination. In the event this Agreement expires or is terminated in accordance with this Section 7, then (a) all Services to be provided will promptly cease, (b) each of FNB and FNBF shall promptly return all confidential information received from the other party in connection with this Agreement (including the return of all information received with respect to the Services of FNB or FNBF, as the case may be), without retaining a copy thereof, and (c) each of FNB and FNBF shall honor all credits and make any accrued and unpaid payment to the other party as required pursuant to the terms of this Agreement, and no rights already accrued hereunder shall be affected.
Consequences on Termination. In the event this Agreement expires or is terminated in accordance with this Article VIII, then (a) all Services to be provided will promptly cease, (b) each of Cablevision and MSG shall, upon request of the other party, promptly return or destroy all confidential information received from the other party in connection with this Agreement (including the return of all information received with respect to the Services or products of Cablevision or MSG, as the case may be), without retaining a copy thereof (other than one copy for file purposes), and (c) each of Cablevision and MSG shall honor all credits and make any accrued and unpaid payment to the other party as required pursuant to the terms of this Agreement, and no rights already accrued hereunder shall be affected.