Common use of Effectiveness; Termination and Survival Clause in Contracts

Effectiveness; Termination and Survival. Except as expressly set forth in this Agreement, as between Parent and Solta, this Agreement shall become effective upon the consummation of the IPO. All rights and obligations arising hereunder shall survive until they are fully effectuated or performed; provided that, notwithstanding anything in this Agreement to the contrary, this Agreement shall remain in effect and its provisions shall survive for one year after the full period of all applicable statutes of limitation (giving effect to any extension, waiver or mitigation thereof) and, with respect to any claim hereunder initiated prior to the end of such period, until such claim has been satisfied or otherwise resolved. This agreement shall terminate without any further action at any time before the IPO upon termination of the Separation Agreement. If the consummation of the IPO shall not have occurred prior to June 30, 2022, this Agreement shall terminate without any further action.

Effectiveness; Termination and Survival. Except as expressly set forth in this Agreement, as between Parent and SoltaLivent, this Agreement shall become effective upon the consummation of the IPODistribution. All rights and obligations arising hereunder shall survive until they are fully effectuated or performed; provided that, notwithstanding anything in this Agreement to the contrary, this Agreement shall remain in effect and its provisions shall survive for one year after the full period of all applicable statutes of limitation (giving effect to any extension, waiver or mitigation thereof) and, with respect to any claim hereunder initiated prior to the end of such period, until such claim has been satisfied or otherwise resolved. This agreement shall terminate without any further action at any time before the IPO Distribution upon termination of the Separation and Distribution Agreement. If the consummation of the IPO shall not have occurred prior to June 30, 2022, this Agreement shall terminate without any further action.