Common use of Effect of Exercise of Termination Rights Clause in Contracts

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.

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: (a) each Party’s respective obligations under Subsection 5.3.1, Section 11.2, Section 11.4 and Section 11.5 will continue indefinitely; and (b) any rights, remedies or causes of action accrued to the time of termination or resulting from any acts or omissions occurring prior to the time of termination will continue unimpaired.

Effect of Exercise of Termination Rights. If a Party exercises its right of termination this Agreement is terminated under Section 8.1(a), immediately upon the Party giving notice as required under Section 8.1(a)9.6, the Parties will be discharged from any further obligations under this Agreement. Notwithstanding the foregoing: (a) each Party’s respective obligations under Sections 13.8 and 13.9, as applicable, will survive termination; (b) in the case of a termination under Section 9.7(a), any rights, remedies or causes of action the terminating Party may have based on another Party’s breach of this Agreement prior to termination will continue unimpaired.

Effect of Exercise of Termination Rights. ‌ If a Party party exercises its right of termination under Section 8.1(a7.1(a), immediately upon the Party party giving notice as required under Section 8.1(a7.1(a), the Parties parties will be discharged from any further obligations under this Agreement, except that each party’s respective obligations under Section 9.3 and Section 9.4 will continue indefinitely.

Effect of Exercise of Termination Rights. If a Party party exercises its right of termination under Section 8.1(a7.1(a), immediately upon the Party party giving notice as required under Section 8.1(a7.1(a), the Parties parties will be discharged from any further obligations under this Agreement, except that each party’s respective obligations under Section 4.3(b) and Section 9.9 will continue indefinitely.