Recission. This Agreement nullifies, rescinds and declares void the Existing Agreement. This Agreement supercedes and is the controlling document for the employment relationship between the parties.
Recission. Notwithstanding anything in this Agreement to the contrary, if the Company has not consummated a Qualified Financing (as such term is defined in the Exchange Warrant) by September 1, 2023, then this Agreement and the transactions contemplated hereby will be terminated, rendered null and void, and the Note and the Original Warrant will remain issued, outstanding, valid and legally binding on the Company.
Recission. At any time after any action is taken by the Trustee following the occurrence and continuation of an Event of Default pursuant to Section 10.01 and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Required Noteholder Parties, by written notice to the Issuer and the Trustee, may rescind and annul such declaration and its consequences if:
Recission. Under the market rules, a customer has until midnight of the third federal business day after receipt of the Terms of Service in which to provide notice to TriEagle that customer elects to rescind, without charge or penalty. To rescind this agreement, please contact TriEagle Customer Care at 877- 93-EAGLE [32453] (Toll-free, 8am-7pm Central Time, Monday through Friday). If you would like to rescind and are calling outside of normal business hours, please leave us a message at 877-933- 2453. (Toll-free, 24 hours a day, 7 days a week) or e-mail us at xxxxxxxxxxxx@xxxxxxxxxxxxxx.xxx.
Recission a. Either party may rescind the Agreement at any point of time by giving the other party, at least one month notice in writing of its intention to do so, and is mandatory for both parties of this Agreement. However, the period of notice can be reduced to 15 (fifteen) days or fifteen days salary in lieu thereof by the first party in the following circumstances.
Recission. If after the Closing the $7 million fee referred to in Section 8.11 of the Purchase Agreement (i) becomes payable and is not irrevocably waived in writing by Buyer or (ii) is paid, the parties hereto shall use their best efforts to (1) unwind and rescind all transactions consummated pursuant hereto, (2) restore the status quo as at immediately prior to the Closing and (3) terminate this Agreement to the extent provisions hereof have not been performed and do not relate to transactions consummated pursuant hereto that are not unwound and rescinded; provided that, in any event, the provisions of Article 4 and Section 12.1(a) (in each case, as modified to reflect the actions referred to in clauses (1) and (2)) and Sections 13.1, 13.2 and 15.8 shall remain in effect, and provided further that such termination shall not relieve any party for Damages resulting from its breach of this Agreement. To the extent that the parties hereto cannot effect any of the actions referred to in clauses (1) and (2) of the preceding sentence, they shall use their best efforts to enter into any reasonable and lawful arrangement designed to put the parties in the same or comparable economic position that they would have been in had such actions been effected.
Recission. In connection with an exercise in accordance with sections 3.1 and 3.2 above, if the Company fails to deliver to the Holder a certificate or certificates representing the Warrant Shares or a portion thereof by the fifth Trading Day after the date of exercise, then the Holder will have the right to rescind such exercise.
Recission. Notwithstanding anything in this Agreement to the contrary, if the Company has not consummated a Qualified Financing by December 31, 2024, then, at the option of Holder, this Agreement and the transactions contemplated hereby will be terminated, rendered null and void, and the instruments representing the Existing Holding of the Holder will remain issued, outstanding, valid and legally binding on the Company.
Recission. 10.1 The parties agree and undertake that, in the event that (i) a Voluntary Conversion (as defined in the Convertible Note) has not occurred prior to the Maturity Date (as defined in the Convertible Note) pursuant to Section 5(c) of the Convertible Note and (ii) any Note Holder notifies Party A on a written notice no less than ten (10) business days prior to the completion of an initial public offering of Quhuo International or its overseas holding company that such Note Holder desires not to convert the outstanding balance of the Convertible Note (the “Outstanding Balance”) as contemplated therein, (x) Party A shall pay the Outstanding Balance to such Note Holder in full, or (y) such Note Holder shall have the right to rescind the sale to Party A all of such Note Holder’s right, title and interest in the Purchase Shares pursuant to the this Agreement as mutually agreed upon Party A and such Note Holder, in which case Party A and such Note Holder shall promptly take all actions as may be necessary or desirable to give effect to the rescission and to restore to each Party A and such Note Holder its rights, powers and obligations as in existence immediately prior to the transaction contemplated herein, including execution by Party A of such assignments, transfers and other documents and instruments as may be necessary or desirable to convey, assign and transfer back to such Note Holder of the Purchase Shares sold by such Note Holder, and execution by Party A and such Note Holder of such documents and instruments as may be necessary or desirable to relieve each party for any liabilities existing on the Maturity Date.
Recission. 7.1 Without prejudice to any other rights and remedies available at any time to the Purchaser, the Purchaser shall be entitled to treat the Seller and Volim as having repudiated this Agreement:
