Effect of Exercise of Termination Rights Sample Clauses

Effect of Exercise of Termination Rights. If a Party exercises its right of termination under Section 8.1(a), immediately upon the Party giving notice as required under Section 8.1(a) the Parties will be discharged from any further obligations under this Agreement, except that:
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Effect of Exercise of Termination Rights. If this Agreement is terminated under Section 9.1, the Parties will be discharged from any further obligations under this Agreement, except that:
Sample 1
Effect of Exercise of Termination Rights. (a) If a Party exercises its right of termination under Section 7.1, immediately upon the Party giving written notice as required under Section 7.1 the Parties will be discharged from any further obligations under this Agreement, except that: Article 1, each Party's respective obligations under Section 4.3.2(Confidentiality), Section 7.1, this Section 7.2, Section 7.3 and Article 9 will continue indefinitely; and if a Party exercises its right of termination under Section 7.1 because a condition for the benefit of the terminating Party has not been satisfied because the other Party failed to perform any of its obligations or covenants under this Agreement that are reasonably capable of being performed or caused to be performed by the other Party, any rights, remedies or causes of action the terminating Party may have based upon the other Party's breach will continue unimpaired.
Sample 1
Effect of Exercise of Termination Rights. (a) If a Party exercises its right of termination under Section 7.1(a), 7.1(d), or 7.1(e), immediately upon the Party giving notice as required under Section 7.1(a), 7.1(d), or 7.1(e), the Parties will be discharged from any further obligations under this Agreement, except that: each Party’s respective obligations under Subsection 4.3.1, Section 9.2, Section 9.4 and Section 9.5 will continue indefinitely; and if a Party exercises its right of termination under Section 7.1(a), 7.1(d) or 7.1(e), any rights, remedies or causes of action the terminating Party may have based upon the other Party’s intentional breach of any representation or warranty set forth in this Agreement, or intentional and knowing failure to perform any covenant set forth herein, will continue unimpaired; and If the Vendors exercise their right of termination under Section 7.1(a)(ii) or 7.1(e), the Purchaser shall forthwith pay to the Company an amount equal to the Company’s reasonable out-of-pocket legal and audit-related expenses incurred on behalf of the Vendors in respect of negotiating this Agreement in immediately available funds (the “Break-Fee”), provided that in no event will the Purchaser be required to pay the Break-Fee in circumstances where any Party is unable to obtain the necessary regulatory approvals to consummate the transactions contemplated by this Agreement.
Sample 1

Related to Effect of Exercise of Termination Rights

  • Initial Exercise Price; Exercise of Rights; Detachment of Rights (a) Subject to adjustment as herein set forth, each Right will entitle the holder thereof, from and after the Separation Time and prior to the Expiration Time, to purchase one Common Share for the Exercise Price (and the Exercise Price and number of Common Shares are subject to adjustment as set forth below). Notwithstanding any other provision of this Agreement, any Rights held by the Corporation or any of its Subsidiaries shall be void.

  • Waiver of Termination Rights The Employee waives any and all rights to compensation or damages as a result of a Termination, insofar as those rights result or may result from: (a) the loss or diminution in value of such rights or entitlements under the Program; or (b) the Employee ceasing to have rights, or ceasing to be entitled to any Awards under the Program as a result of such Termination.

  • Effect of Exercise of Warrants (a) Upon surrender and payment as aforesaid the shares so subscribed for will be deemed to have been issued and such person or persons will be deemed to have become the Holder or Holders of record of such shares on the date of such surrender and payment, and such shares will be issued at the subscription price in effect on the date of such surrender and payment.

  • Effect of Termination of Service Except as otherwise provided in accordance with Section 4(b) above, if you cease to be a Service Provider, you will forfeit all unvested Units.

  • Exercise of Rights and Remedies Except as otherwise provided herein, no delay of or omission in the exercise of any right, power or remedy accruing to any party as a result of any breach or default by any other party under this Agreement shall impair any such right, power or remedy, nor shall it be construed as a waiver of or acquiescence in any such breach or default, or of any similar breach or default occurring later; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default occurring before or after that waiver.

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