Effectiveness of Release. This Release will be effective on the eighth (8th) day after it is executed by Employee, provided that Employee has not revoked Employee’s release as provided in Section 5(c) below.
Effectiveness of Release. The Supermajority Lenders have agreed pursuant to the RSA that this Agreement shall take effect and the Release of German Guarantors under this Agreement shall occur automatically and without any further action by any Person on the first date on which the following conditions have been satisfied: (i) the RSA shall be in effect, (ii) the Chapter 11 Cases shall have commenced and the Petition Date shall have occurred and (iii) the Release Conditions shall have been satisfied (such date, the “Effective Date”). It being understood and agreed that if the RSA is terminated prior to the Petition Date, this Agreement shall immediately and automatically terminate and shall have no further force or effect.
Effectiveness of Release. The release, termination and discharge of Agent’s security interests in and liens on the Purchased Assets pursuant to Section 1 hereof shall be effective, without further action by Agent, upon the Term Loan Agent’s receipt, from or on behalf of the Credit Parties (including by direct payment by the Purchaser), of an aggregate amount of not less than $5,000,000 in immediately available funds to the bank account specified on Schedule I hereto by not later than noon (New York City time) on , 2008. (To the extent such payment is not received by such time, this Release and Termination of Liens shall terminate and be of no further force or effect.)
Effectiveness of Release. In accordance with the Older Workers Benefit Protection Act, Executive hereby knowingly and voluntarily waives and releases all rights and claims, known and unknown, arising under the Age Discrimination in Employment Act of 1967, as amended, which he might otherwise have had against the Released Parties. Executive acknowledges that the consideration given for this waiver is in addition to anything of value to which Executive is already entitled. Executive is hereby advised that he has twenty-one (21) days in which to consider and accept this Agreement by signing and returning this Agreement to the Chief Executive Officer (although Executive may voluntarily choose to sign and return the Agreement sooner). In addition, Executive has a period of seven (7) days following his execution of this Agreement in which he may revoke the Agreement. If Executive does not advise the Chief Executive Officer by a writing received within such seven (7) day period of Executive’s revocation of his acceptance of the Agreement, the Agreement will become effective and enforceable upon the expiration of the seven (7) day period.
Effectiveness of Release. No release of a Guarantor of Payment under this Section 5.18 shall be effective until such release has been given in writing by Agent. Any Guarantor of Payment not so released in writing shall remain liable for the full amount of the Obligations.
Effectiveness of Release. This Release is effective at the time of the completion of the Closing of the purchase and sale of the Teletouch Securities on the Closing Date pursuant to the Agreement.
Effectiveness of Release. The parties, and each of them, hereby acknowledge and agree that the releases contained herein by all parties to this Agreement shall be effective when, and only when, this Agreement has been signed by the parties hereto, and each of them.
Effectiveness of Release. As of the Effective Time, the Contractual Transfer Restrictions shall have been irrevocably terminated, waived, and/or otherwise rendered inapplicable with respect to the Opportunity Shares, and no further act or action shall be required to be taken in order to effect the Release.
Effectiveness of Release. In the event of a breach or non-compliance by the Executive of any of his obligations hereunder or provision hereof (without given effect to any change or modification contemplated by Section 14 hereof for the purposes of this Paragraph(d)), of his obligations under the Confidential Information Agreement, or Executive’s breach of the representations and warranties set forth in Paragraphs 3(d) or 3(e), the obligations of the Company and the Company Group and FP under this Section 4 shall immediately cease, this Section 4 shall be without force or effect, and this Agreement shall continue as if Section 4 had never been part of this Agreement.
Effectiveness of Release. The releases provided for in in this Section 2 shall become effective only upon the full performance of all of Astra’s obligations in accordance with either Section 1(a) or Section 1(b) of this Settlement Agreement (the “Release Effective Date”) on or before October 2, 2023.
