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:
(i) the Issuer has paid or deposited with the Trustee a sum sufficient to pay:
(A) all of the installments of interest and premium on and, if the Maturity Date with respect to the Notes has occurred, the then unpaid principal balance of all such Notes which were overdue prior to the date of such acceleration;
(B) to the extent that payment of such interest is lawful, interest upon overdue installments of interest at the rate of interest applicable to the Notes;
(C) all sums paid or advanced by the Trustee and the Collateral Agent pursuant to the terms of the Transaction Documents and the reasonable compensation, out-of-pocket expenses, disbursements and advances of the Trustee and the Collateral Agent and their agents and counsel incurred in connection with the enforcement of this Indenture;
(D) all scheduled payments, early termination amounts, taxes, indemnities and interest on overdue interest; and
(ii) all Events of Default, other than the nonpayment of the principal of or interest on Notes which have become due solely by such declaration of acceleration, have been cured or waived as provided herein. No such rescission with respect to any Event of Default shall affect any subsequent Event of Default or impair any right consequent thereon.
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.
i) If the post of the second party ceases to exist or not approved by Govt. or abolished at any point of time for some reasons or others.
ii) If the funding under any head for the post hold by any contractual employee ceases at any point of time.
b) Whenever the Second Party does not attend the duties from the date of submission of his/her resignation to the Competent Authority, without waiting for completion of one month mandatory notice period from the date of such submission of resignation or acceptance of his resignation, whichever is earlier, the Second Party shall forfeit his/her claims on the pending financial dues if any from the HFWD and the First Party shall have the liberty, not to issue any NOC or Experience Certificate for such omission on the part of Second Party.
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. 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.
14.1 PUBLIC UTILITY COMMISSION OF TEXAS CONTACT INFORMATION E-mail: xxxxxxxx@xxx.xxxxx.xxx Website: xxxx://xxx.xxx.xxxxx.xxx TTY 000-000-0000 and Relay Texas (toll-free) 0-000-000-0000
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.
10.2 In case any Note Holder rescinds the sale of the Purchase Shares to Party A pursuant to Section 10.2, such recission shall not in any way affect or impair the validity, legality or enforceability of the sale of the Purchase Shares between other Note Holders and Party A to the extent that other Note Holders have not exercised their rights to rescind the transaction contemplated herein pursuant to Section 10.1.
Recission. At any time after any Notes have been declared due and payable pursuant to Section 13.1, the holders of not less than 75% in principal amount of the Tranche A Notes then outstanding, by written notice to the Company, may rescind and annul any such declaration and its consequences if (a) the Company has paid all overdue interest on such Notes, and all principal on such Notes that is due and payable and is unpaid other than by reason of such declaration, and all interest on such overdue principal, (b) all Events of Default and Defaults, other than non-payment of amounts that have become due solely by reason of such declaration, have been cured or have been waived pursuant to Section 18, and (c) no judgment or decree has been entered for the payment of any monies due pursuant hereto or to the Notes. No rescission and annulment under this Section 13.3 will extend to or affect any subsequent Event of Default or Default or impair any right consequent thereon.”
Recission. At any time after the principal of, and interest accrued on, any or all the Notes and the Loans are declared due and payable, the Purchaser by written notice to the Company may rescind and annul any such declaration and its consequences if (x) the Company has paid all overdue interest on the Notes and the Loans, the principal of and premium, if any, on any Notes and Loans which have become due otherwise than by reason of such declaration, and interest on such overdue principal and premium, and (to the extent permitted by applicable law) any overdue interest in respect of the Notes at the rate of 15% per annum, (y) all Events of Default, other than non-payment of amounts which have become due solely by reason of such declaration, and all conditions and events which constitute Events of Default have been cured or waived and (z) no judgment or decree has been entered for the payment of any monies due pursuant to the Notes or this Agreement; but no such rescission and annulment shall extend to or affect any subsequent Event of Default or impair any right consequent thereon.
