Common use of Effectiveness; Termination; Survival Clause in Contracts

Effectiveness; Termination; Survival. This Guarantee shall take effect on the date hereof and shall terminate on the earlier of (a) the date on which all Parties agree in writing to the termination of this Guarantee, (b) the Cut-off Date, if the Closing has not occurred by 5:00 p.m. GMT on such date in accordance with the Share Exchange Agreement, (c) the date on which the Share Exchange Agreement is terminated in accordance with its terms prior to the Closing Date, and (d) the date on which the Shareholders Agreement is terminated in accordance with its terms. Any termination of this Guarantee pursuant to this Section 5.01 shall be without prejudice to the rights, obligations or liabilities of any Party which shall have accrued or arisen prior to such termination, and any claims under this Guarantee in respect of events or circumstances occurring on or prior to the termination of this Guarantee and any such claims made before the date on which this Guarantee is terminated shall be payable in accordance with the terms hereof notwithstanding such termination. The provisions of ARTICLE I and ARTICLE V shall survive the termination of this Guarantee.

Effectiveness; Termination; Survival. This Guarantee shall take effect on the date hereof and shall terminate on the earlier of (a) the date on which all Parties agree in writing to the termination of this Guarantee, (b) the Cut-Cut off Date, if the Closing has not occurred by 5:00 p.m. GMT on such date in accordance with the Share Exchange Agreement, (c) the date on which the Share Exchange Agreement is terminated in accordance with its terms prior to the Closing Date, and (d) the date on which expiration of the Shareholders Agreement is terminated in accordance with its termsStorm Indemnity Period. Any termination of this Guarantee pursuant to this Section 5.01 4.01 shall be without prejudice to the rights, obligations or liabilities of any Party which shall have accrued or arisen prior to such termination, and any claims under this Guarantee in respect of events or circumstances occurring on or prior to the termination of this Guarantee and any such claims made before the date on which this Guarantee is terminated shall be payable in accordance with the terms hereof notwithstanding such termination. The provisions of ARTICLE I and ARTICLE V IV shall survive the termination of this Guarantee.