Common use of Corporation’s Early Termination Right Clause in Contracts

Corporation’s Early Termination Right. With the written approval of a majority of the Independent Directors, the Corporation may terminate this Agreement, as and to the extent provided herein, by paying in full each and every Member the Early Termination Payment (along with any applicable Default Rate Interest) due to such Member.

Appears in 12 contracts

Samples: Tax Receivable Agreement (Bridge Investment Group Holdings Inc.), Tax Receivable Agreement (P3 Health Partners Inc.), Tax Receivable Agreement (Brilliant Earth Group, Inc.)

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Corporation’s Early Termination Right. With the written approval of a majority of the Independent Directors, the Corporation may completely terminate this Agreement, as and to the extent provided herein, with respect to all amounts payable to the Members pursuant to this Agreement by paying in full each and every Member to the Members the Early Termination Payment (along with any applicable Default Rate Interest) due Payment; provided that Early Termination Payments may be made pursuant to such Member.this Section 4.1(a)

Appears in 2 contracts

Samples: Tax Receivable Agreement (Amneal Pharmaceuticals, Inc.), Stockholders Agreement (Impax Laboratories Inc)

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