Release of Trustees if Assets Transferred Sample Clauses

Release of Trustees if Assets Transferred. ‌ If all assets of the Fund are to be paid to a Successor Trust Fund in accordance with Section 11.1, then as soon as the Trustees decide to make payment into a Successor Trust Fund as contemplated and authorized therein, the provision of Section 14. 2 (other than subsections 14.2(b) and (c)) apply to and govern their actions. Upon such payment into the Successor Trust Fund being effected, all of the Trusts contained herein will cease and terminate, and the Trustees are relieved and released of and from all future obligations, responsibilities and liabilities imposed upon them by and pursuant this Agreement and otherwise. If not all assets of the Fund are to be paid to a Successor Trust Fund in accordance with Section 11.1, then upon payment into the Successor Trust Fund of the assets which are to be so paid, all of the Trusts contained herein with respect to such assets cease and terminate. With respect to such assets and the persons in respect of whom such assets were transferred the Trustees are relieved and released of and from all future obligations, responsibilities and liabilities imposed upon them pursuant to this Agreement, and otherwise. PART 12 - Receipt of Assets of Other Health and Welfare Trust Funds‌
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Related to Release of Trustees if Assets Transferred

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

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