Common use of Continued Payment Obligations Clause in Contracts

Continued Payment Obligations. Neither the exercise or consummation of a Termination Event Call Option, nor any Liquidation of the Company following a Termination Event Call Option Closing, nor the termination of any Transaction Document pursuant to Section 16.03 shall affect Xxxxxxxx’x rights to receive (a) the Xxxxxxxx Annual Payment Amount pursuant to the Purchase and Sale Agreement, and (b) any Royalty pursuant to the Royalty Agreement. The termination of this Agreement and/or any other Transaction Documents pursuant to Section 16.03 shall not relieve any Member of any obligations arising under this Agreement prior to any such termination or any party to any other Transaction Document of any obligations arising thereunder prior to any such termination.

Continued Payment Obligations. Neither the exercise or consummation of a Termination Event Xxxxxxxx Sale Call Option, nor any Liquidation of the Company following a Termination Event Xxxxxxxx Sale Call Option Closing, nor the termination of any Transaction Document pursuant to Section 16.03 17.03(a) shall affect Xxxxxxxx’x rights to receive (a) the Xxxxxxxx Annual Payment Amount pursuant to the Purchase and Sale Agreement, and (b) any Royalty pursuant to the Royalty Agreement. The termination of this Agreement and/or any other Transaction Documents pursuant to Section 16.03 17.03(a) shall not relieve any Member of any obligations arising under this Agreement prior to any such termination or any party to any other Transaction Document of any obligations arising thereunder prior to any such termination.