Common use of Discontinuance of Business Clause in Contracts

Discontinuance of Business. In the event that AmeriNet discontinues operating its business, this Agreement shall terminate as of the last day of the month on which it ceases operation with the same force and effect as if such last day of the month were originally set as the termination date hereof; provided, however, that a reorganization of AmeriNet shall not be deemed a termination of its business.

Appears in 6 contracts

Samples: Agreement to Serve as Corporate Director (Amerinet Group Com Inc), Corporate Director Agreement (Amerinet Group Com Inc), Agreement to Serve as Corporate Director (Amerinet Group Com Inc)

AutoNDA by SimpleDocs

Discontinuance of Business. In the event that AmeriNet discontinues operating its business, this Agreement shall terminate as of the last day of the month on which it ceases operation with the same force and effect as if such last day of the month were originally set as the termination date hereof; provided, however, that a reorganization of AmeriNet shall not be deemed a termination of its business.

Appears in 1 contract

Samples: Information Services Agreement (Fields Technologies Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!