Common use of Exercise of Termination Rights Clause in Contracts

Exercise of Termination Rights. The rights of termination contained in Sections 10(a), (b), (c) and (d) may be exercised by any of the Agents and are in addition to any other rights or remedies any of the Agents may have in respect of any default, act or failure to act or non-compliance by the Corporation in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such termination, there shall be no further liability on the part of the Agents to the Corporation or on the part of the Corporation to the Agents except in respect of any liability which may have arisen prior to or arise after such termination under Sections 11, 12 and 14. A notice of termination given by an Agent under Section 10(a), (b), (c) or (d) shall not be binding upon any other Agent who has not also executed such notice.

Appears in 5 contracts

Samples: Agency Agreement, Agency Agreement (Aralez Pharmaceuticals Inc.), Agency Agreement (Aralez Pharmaceuticals Inc.)

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Exercise of Termination Rights. The rights of termination contained in Sections 10(a), (b), (c) and (d) may be exercised by any of the Agents and are in addition to any other rights or remedies any of the Agents may have in respect of any default, act or failure to act or non-compliance by the Corporation in respect of any of the matters contemplated by this Agreement Agreement, the Debenture Documentation or otherwise. In the event of any such termination, there shall be no further liability on the part of the Agents to the Corporation or on the part of the Corporation to the Agents except in respect of any liability which may have arisen prior to or arise after such termination under Sections 11, 12 and 14. A notice of termination given by an Agent under Section 10(a), (b), (c) or (d) shall not be binding upon any other Agent who has not also executed such notice.

Appears in 4 contracts

Samples: Agency Agreement (Aralez Pharmaceuticals Inc.), Agency Agreement (Aralez Pharmaceuticals Inc.), Agency Agreement (Aralez Pharmaceuticals Inc.)

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Exercise of Termination Rights. The rights of termination contained in Sections 10(a11(a), (b), (c), (d) and (de) may be exercised by any of the Agents and are in addition to any other rights or remedies any of the Agents may have in respect of any default, act or failure to act or non-non- compliance by the Corporation in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such termination, there shall be no further liability on the part of the Agents to the Corporation or on the part of the Corporation to the Agents except in respect of any liability which may have arisen prior to or arise after such termination under Sections 119, 12 and 1413. A notice of termination given by an Agent under Section 10(aSections 11(a), (b), (c) or ), (d) and (e) shall not be binding upon any other Agent who has not also executed such notice.

Appears in 1 contract

Samples: Agency Agreement (Silvermex Resources Inc)

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