No Effect on Statutory Rights Sample Clauses

No Effect on Statutory Rights. Seller and Buyer hereby expressly acknowledge and agree that nothing contained in this Agreement in general or in this Section 4.20 in particular shall diminish, impair, decrease, reduce, lessen, supersede, override, replace, invalidate, nullify, negate, or otherwise affect in any manner whatsoever any right of any party to this Agreement under any applicable Environmental Law to claim or demand contribution, reimbursement, restitution, or other repayment or compensation (generally "Contribution") from any other party to this Agreement for any Environmental Claim arising from, asserted against, imposed on, or incurred by the claiming or demanding party, directly or indirectly, in connection with any event or condition now or hereafter existing with respect to the Property Environment; provided, however, that each party to this Agreement hereby agrees that no party may collect from any other party to this Agreement (i) any Contribution in excess of [***] (except in the case of fraud or material misrepresentation regarding Environmental Materials or Environmental Laws committed by the party from which Contribution is being sought, in which case there shall be no limit on the amount of the Contribution recoverable), (ii) any portion of any Contribution that directly arises from an Environmental Claim that is covered by any insurance policy maintained by the claiming or demanding party (provided that the insurance coverage is not affected by this potential impairment of the insurer's subrogation rights), or (iii) any portion of any Contribution that directly arises from an Environmental Claim for any Environmental Material as to which the Phase II Report indicates actionable levels were present in the Property Environment as of the date of such Phase II Report. No party to this Agreement is assuming, undertaking, or agreeing to be responsible for any other party's obligations or liabilities in connection with any Environmental Claim, and under no ***A CONFIDENTIAL PORTION OF THE MATERIAL HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. circumstances shall the foregoing agreements regarding the Contribution rights of the parties to this Agreement be deemed, construed, or interpreted as an assumption, undertaking, or agreement to be responsible for any other party's obligations or liabilities in connection with any Environmental Claim. Further, Seller and Buyer do not intend by any term or condition of this Section to confer any...
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Related to No Effect on Statutory Rights

  • No Effect on Other Rights This Agreement constitutes the entire agreement between the Employer and the Executive as to the subject matter hereof. No rights are granted to the Executive by virtue of this Agreement other than those specifically set forth herein. Nothing contained herein will confer upon the Executive the right to be retained in the service of the Employer nor limit the right of the Employer to discharge or otherwise deal with the Executive without regard to the existence hereof.

  • Effect on Stock At the Effective Time, by virtue of the Merger and without any action on the part of the Company, Merger Sub or the holders of any securities of the Company or Merger Sub:

  • No Effect on Service Nothing in this Agreement or in the Plan shall be construed as giving the Participant the right to be retained in the employ or service of the Company or any Affiliate thereof. Furthermore, the Company and its Affiliates may at any time dismiss the Participant from employment or consulting free from any liability or any claim under the Plan or this Agreement, unless otherwise expressly provided in the Plan, this Agreement or any other written agreement between the Participant and the Company or an Affiliate thereof.

  • No Effect on Employment Subject to any employment contract with the Employee, the terms of such employment will be determined from time to time by the Company, or the Subsidiary employing the Employee, as the case may be, and the Company, or the Subsidiary employing the Employee, as the case may be, will have the right, which is hereby expressly reserved, to terminate or change the terms of the employment of the Employee at any time for any reason whatsoever, with or without good cause. The transactions contemplated hereunder and the vesting schedule set forth on the first page of this Agreement do not constitute an express or implied promise of continued employment for any period of time. A leave of absence or an interruption in service (including an interruption during military service) authorized or acknowledged by the Company or the Subsidiary employing the Employee, as the case may be, shall not be deemed a Termination of Service for the purposes of this Agreement.

  • Effect on Contract Except as specifically required to implement the purposes of this Section of the Contract, all other terms of the Contract shall remain in force and effect.

  • Effect on Securities At the Effective Time, by virtue of the Merger and without any action on the part of the Company, Acquisition Sub or the holders of any securities of the Company or Acquisition Sub:

  • Effect on Agreement Except as specifically required to implement the purposes of this Addendum, or to the extent inconsistent with a material term of this Addendum, all other terms of the Agreement shall remain in full force and effect.

  • Effect on Other Plans An election by the Executive to resign after a Change in Control under the provisions of this Agreement shall not be deemed a voluntary termination of employment by the Executive for the purpose of interpreting the provisions of any of the Company’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 5 hereof, and except that the Executive shall have no rights to any severance benefits under any severance pay plan.

  • Effect on Prior Agreements Except for amendments to this Agreement, this Agreement contains the entire understanding between the parties hereto and supersedes in all respects any prior or other agreement or understanding between the Company or any affiliate of the Company and Executive.

  • Effect on Benefits a. Employees on Family and Medical Leave shall be covered by District Life Insurance Group Coverage and Hospital-Medical, Dental, Vision Group Coverage as though they were in active service. b. No credit is allowed for any benefits for time spent on unpaid family illness leave. c. Time on leave with pay counts for step advance, retirement, and vacation; credit in full for step advance and vacation, and full or half (½), according to the pay allowed, for retirement. d. Time on Family and Medical Leave does count as service in meeting requirements for other types of leaves.

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