Effect of Termination for Insolvency Sample Clauses

Effect of Termination for Insolvency. In the event either Party terminates this Agreement under Section 12.6.1 (the "Terminating Party") the Parties agree that the Terminating Party, as a licensee of rights to intellectual property under this Agreement, shall retain and may fully exercise all of its rights and obligations under this Agreement, including as set forth in Section 12.6.3
Sample 1Sample 2
AutoNDA by SimpleDocs
Effect of Termination for Insolvency. O2Diesel and represents and warrants that its agreement with the manufacturer of O2Diesel Additive (the “Manufacturer”) contains a mechanism by which the Manufacturer may sell O2Diesel Additive in a territory in which O2Diesel elects not to exploit the O2Diesel Additive. O2Diesel agrees that if this Agreement is terminated by ABRD pursuant to Section 9.3, it will (i) provide to ABRD the contact information of an appropriate employee of its Manufacturer or any future manufacturer so as to permit ABRD to negotiate for the purchase of O2Diesel Additive directly if it so desires, and (ii) not take any action that will interfere with (a) ABRD’s ability to negotiate the purchase of O2Diesel Additive directly from the Manufacturer or any future manufacturer or (b) the right of the Manufacturer or such future manufacturer to sell O2Diesel Additive directly to ABRD. O2Diesel further agrees to not amend such mechanism in its agreement with the Manufacturer, and to include a mechanism into any agreement it may enter into with any future manufacturer under which such future manufacturer may sell O2Diesel Additive directly to ABRD in the event this Agreement is terminated by ABRD pursuant to Section 9.3.
Sample 1
Effect of Termination for Insolvency. If either Party terminates the Agreement pursuant to Section 12.2.2, then (a) the Parties shall carry out the transition in accordance with Section 13.5, (b) the terminating Party’s rights and the non-terminating Party’s obligations under ARTICLE 3 shall terminate, and (c) the Committee established pursuant to ARTICLE 2 shall be permanently disbanded.
Sample 1

Related to Effect of Termination for Insolvency

  • Effect of Termination for Cause If Employee's employment is terminated "For Cause":

  • Effect of Termination of Agreement The provisions of Section 4.00 will survive any termination of this Agreement and the existence of any claim or cause of action by the Executive against the Company or any Group Member, whether predicated on this Agreement or otherwise, will not constitute a defense to the enforcement by the Group, the Company or any other Group Member of the covenants and agreements of this Section 4.00; provided, however, that this Section 4.11 will not, in and of itself, preclude the Executive from defending against the enforceability of the covenants and agreements of Section 4.00.

  • Effect of Termination Upon termination of this Agreement:

  • Effect of Termination or Resignation Any termination or resignation of the Servicer under this Agreement shall not affect any claims that the Issuer may have against the Servicer for events or actions taken or not taken by the Servicer arising prior to any such termination or resignation.

  • Termination and Effect of Termination This Agreement shall terminate upon the date on which no Holder holds any Registrable Securities, except for the provisions of Sections 3.9 and 3.10, which shall survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights pursuant to Section 3.9 hereof shall retain such indemnification rights with respect to any matter that (i) may be an indemnified liability thereunder and (ii) occurred prior to such termination.

  • 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.

  • Effect of Termination; Survival In the event of any termination of this Agreement pursuant to Section 2.1, this Agreement shall be terminated, and there shall be no further liability or obligation hereunder on the part of any Party, other than Section 1.6, Section 1.9, this Section 2.2 and Article III, which provisions shall survive such termination; provided, however, that nothing contained in this Agreement (including this Section 2.2) shall relieve a Party from liability for any breach of any of its representations, warranties, covenants or agreements set forth in this Agreement to the extent occurring prior to such termination.

  • Notice of Termination; Effect of Termination Any proper termination of this Agreement under Section 7.1 will be effective immediately upon the delivery of written notice of the terminating party to the other parties hereto. In the event of the termination of this Agreement as provided in Section 7.1, this Agreement shall be of no further force or effect, except (i) as set forth in this Section 7.2, Section 7.3 and Article 8, each of which shall survive the termination of this Agreement, and (ii) nothing herein shall relieve any party from liability for any willful breach of this Agreement. No termination of this Agreement shall affect the obligations of the parties contained in the Confidentiality Agreement, all of which obligations shall survive termination of this Agreement in accordance with their terms.

  • Termination Effect of Termination 44 9.1 TERMINATION................................................44 9.2

  • Effect of Termination and Abandonment Upon the termination of this Agreement and abandonment of the Merger pursuant to Section 8.1 or 8.2 hereof, this Agreement shall become void and have no effect, and no party shall have any liability to the other in connection with the transactions contemplated hereby, including the Merger, or as a result of the termination of this Agreement; provided, that the foregoing shall not relieve a party of any liability as a result of a breach of any of the terms of this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.