Effect of Termination and of Waiver of Termination Event. On the delivery of the written notice referred to in Section 7, 8, or 9 in connection with the valid termination of this Agreement, the obligations of each of the Parties hereunder shall thereupon terminate and be of no further force and effect (subject to the last sentence of this paragraph). Prior to the delivery of such notice the Holders may waive the occurrence of a Holder Termination Event and AFG and the Company may waive the occurrence of a Company Termination Event. No such waiver shall affect any subsequent termination event or impair any right consequent thereon. Upon termination of this Agreement, no Party shall have any continuing liability or obligation to the other Parties hereunder except as expressly provided otherwise herein; provided, however, that no such termination shall relieve any Party from liability for its breach or non-performance of its obligations hereunder prior to the date of such termination.
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Samples: Preferred Stock Repurchase and Support Agreement (Ambac Financial Group Inc), Preferred Stock Repurchase and Support Agreement
Effect of Termination and of Waiver of Termination Event. On the delivery of the written notice referred to in Section 7, 8, Sections 5 or 9 6 in connection with the valid termination of this Agreement, the obligations of each of the Parties parties hereunder shall thereupon terminate and be of no further force and effect (subject to the last sentence of this paragraph)effect. Prior to the delivery of such notice the Holders Noteholders may waive the occurrence of a Holder Noteholder Termination Event and AFG and the Company PRG may waive the occurrence of a Company Termination Event. No such waiver shall affect any subsequent termination event or impair any right consequent thereon. Upon termination of this Agreement, no Party party shall have any continuing liability or obligation to the other Parties hereunder except as expressly provided otherwise hereinparties hereunder; provided, however, that no such termination shall relieve any Party party from liability for its breach or non-performance of its obligations hereunder prior to the date of such termination.
Appears in 2 contracts
Samples: Restructuring Support Agreement (PRG Schultz International Inc), Restructuring Support Agreement (PRG Schultz International Inc)
Effect of Termination and of Waiver of Termination Event. On the delivery of the written notice referred to in Section 7, 8, Sections 6 or 9 7 in connection with the valid termination of this Agreement, the obligations of each of the Parties hereunder shall thereupon terminate and be of no further force and effect (subject to the last sentence of this paragraph)effect. Prior to the delivery of such notice the Holders Required Noteholders may waive the occurrence of a Holder Noteholder Termination Event and AFG and the Company Accuride may waive the occurrence of a Company Termination Event. No such waiver shall affect any subsequent termination event Termination Event or impair any right consequent thereon. Upon termination of this Agreement, no Party (or any other party) shall have any continuing liability or obligation to the other Parties hereunder except as expressly provided otherwise hereinhereunder; provided, however, that no such termination shall relieve any Party from liability for its breach or non-performance of its obligations hereunder prior to the date of such termination.
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Effect of Termination and of Waiver of Termination Event. On the delivery of the written notice referred to in Section Sections 7, 8, or 9 in connection with the valid termination of this Agreement, the obligations of each of the Parties hereunder shall thereupon terminate and be of no further force and effect (subject to the last sentence of this paragraph). Prior to the delivery of such notice the Holders Group may waive the occurrence of a Holder Group Termination Event and AFG and the Company may waive the occurrence of a Company Termination Event. No such waiver shall affect any subsequent termination event or impair any right consequent thereon. Upon termination of this Agreement, no Party shall have any continuing liability or obligation to the other Parties hereunder except as expressly provided otherwise herein; provided, however, that no such termination shall relieve any Party from liability for its breach or non-performance of its obligations hereunder prior to the date of such termination.
Appears in 1 contract
Samples: Rehabilitation Exit Support Agreement (Ambac Financial Group Inc)
Effect of Termination and of Waiver of Termination Event. On the delivery of the written notice referred to in Section Sections 7, 8, or 9 in connection with the valid termination of this Agreement, the obligations of each of the Parties hereunder shall thereupon terminate and be of no further force and effect (subject to the last sentence of this paragraph). Prior to the delivery of such notice the Holders Group may waive the occurrence of a Holder Group Termination Event and AFG and the Company may waive the occurrence of a Company Termination Event. No such waiver shall affect any subsequent termination event or impair any right consequent thereon. Upon termination of this Agreement, no Party shall have any continuing liability or obligation to the other Parties hereunder except as expressly provided otherwise herein; provided, however, that no such termination shall relieve any Party from liability for its breach or non-performance of its obligations hereunder prior to the date of such termination. Section 11.
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Effect of Termination and of Waiver of Termination Event. On the delivery of the written notice referred to in Section 7, 8, Sections 6 or 9 7 in connection with the valid termination of this Agreement, the obligations of each of the Parties hereunder shall thereupon terminate and be of no further force and effect (subject to the last sentence of this paragraph)effect. Prior to the delivery of such notice the Holders Requisite Independent Supporting Lenders may waive the occurrence of a Holder Lender Termination Event and AFG and the Company Accuride may waive the occurrence of a Company Termination Event. No such waiver shall affect any subsequent termination event Termination Event or impair any right consequent thereon. Upon termination of this Agreement, no Party (or any other party) shall have any continuing liability or obligation to the other Parties hereunder except as expressly provided otherwise hereinhereunder; provided, however, that no such termination shall relieve any Party from liability for its breach or non-performance of its obligations hereunder prior to the date of such termination.
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Effect of Termination and of Waiver of Termination Event. On the delivery of the written notice referred to in Section 7, 8, Sections 5 or 9 6 in connection with the valid termination of this Agreement, the obligations of each of the Parties parties hereunder shall thereupon terminate and be of no further force and effect (subject to the last sentence of this paragraph)effect. Prior to the delivery of such notice the Holders Noteholders may waive the occurrence of a Holder Noteholder Termination Event and AFG and the Company PRG may waive the occurrence of a Company Termination Event. No such waiver shall affect any subsequent termination event or impair any right consequent thereon. Upon termination of this Agreement, no Party party shall have any continuing liability or obligation to the other Parties hereunder except as expressly provided otherwise hereinparties hereunder; providedPROVIDED, howeverHOWEVER, that no such termination shall relieve any Party party from liability for its breach or non-performance of its obligations hereunder prior to the date of such termination.
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Samples: Restructuring Support Agreement (Parkcentral Capital Management, L.P.)