Rights and Obligations of Parties Upon Termination Sample Clauses

Rights and Obligations of Parties Upon Termination. Upon the termination of this Agreement and/or any Ordering Document for any reason set forth herein, Customer must cease use of the Subscription Services and the Products, remove it from all Customer systems, delete or destroy all copies of the Product in its po ssession, and certify to Axway in writing the foregoing have been completed thirty (30) days from date of termination. If the Agreement and all Ordering Document are terminated, each Party shall either return to the other Party or destroy (and certify to the destruction of) all Confidential Information of the other Party then in its possession or control. If only certain Ordering Document are terminated, then only such Confidential Information with respect to such Ordering Document shall be returned or destroyed (and the destruction certified to). The termination of this Agreement shall have no impact on the continuing validity and effect of any Ordering Document that may have been entered into between the parties prior to such termination, unless and to the extent such Ordering Document are terminated. Subject to Section 9.6, the termination of this Agreement or any Ordering Document does not relieve Customer of any of its payment obligations under any Ordering Document.

Rights and Obligations of Parties Upon Termination in connection with a transfer to the GOP or its designee of the Transferable Assets, then such payments to the Seller shall be increased by an amount such that the Seller will receive the same amount which it would in exchange for the Transferable Assets had no such Tax been imposed or withheld.

Rights and Obligations of Parties Upon Termination. In connection with and at the time of, any transfer of the Complex to the GOP or its designee, the GOP shall have the right but not the obligation to have the long term services agreement assigned through novation to it or its designee. The Seller shall take all actions reasonably necessary to effect such novation following notice of such election from the GOP.

Rights and Obligations of Parties Upon Termination. Upon the termination of this Agreement for any reason, the parties shall have the rights and obligations set forth in this Section 10.6.

Rights and Obligations of Parties Upon Termination. 8.1 Obligations Upon Termination Upon expiration or termination of this Lease Agreement, the Company shall immediately surrender the Demised Premises and the Parties shall have no further obligations hereunder except for obligations that arose prior to such expiration or termination and that expressly survive such expiration or termination pursuant to this Lease Agreement. For each Day following the end of the Term that the Company has not surrendered possession of the Demised Premises, the Company shall be a holdover tenant, and the Company shall pay to BPDB the Rent applicable to the last Contract Year of the Term, divided by three hundred and sixty-five (365) and multiplied by three (3). The Company irrevocably agrees that this rent is reasonable and constitutes liquidated damages to BPDB and is not and shall not be construed to be a penalty.

Rights and Obligations of Parties Upon Termination

Filter & Search