Riqhts and Obliqations upon Termination Sample Clauses

Riqhts and Obliqations upon Termination. The expiration or termination of this Agreement will not release or affect the obligations of either party to timely pay all amounts then or thereafter due to the other party. Upon termination by Distributor of this Agreement pursuant to Sections 10.1(b) or 10.1(c) hereof, NMPR will become entitled to sell the Products directly to all Sub-Distributors, franchisees or Dealers of Distributor to which Distributor sold Products during the Term and Distributor shall then timely provide NMPR with any non-confidential or non-privileged information or data needed to enable NMPR to continue to service these customers in a complete fashion to the degree that such customers desire to be serviced by NMPR. Distributor covenants to include language in any agreement with its Dealers, Sub-Distributors and franchisees providing for and describing this eventuality. This undertaking by Distributor shall be expressly subject to injunctive relief for specific performance by NMPR against Distributor should Distributor fail to comply with this Section 10.2. Distributor relinquishes any claim for compensation of any type or kind for any such post-termination sales of the Products by NMPR to these Sub-Distributors, franchisees or Dealers. If this Agreement is terminated by NMPR pursuant to Section 10.1 hereof and such termination occurs within five years of the date of the execution of this Agreement, NMPR shall refund to Distributor the remaining portion of the initial $500,000.00 paid to NMPR by Distributor pursuant to Section 1.4 above that has not been taken out in form of Products and NMPR shall repurchase from Distributor all Products purchased by Distributor which Distributor has been unable to sell.
Sample 1
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Riqhts and Obliqations upon Termination. The expiration or termination of this Agreement will not release or affect the obligations of either party to pay all amounts then due to the other party. Upon termination by Distributor of this Agreement pursuant to Sections 10.1.1 or 10.1.2 hereof, MPH will become entitled to sell the Products directly to all Sub-Distributors, franchisees or Dealers of Distributor to which Distributor sold Products during the Term.
Sample 1

Related to Riqhts and Obliqations upon Termination

  • Rights and Obligations Upon Termination (a) In the event of Employer’s termination of the Term (and Executive’s employment) pursuant to Section 5.3 (which, for the avoidance of doubt, is a termination Without Cause), Employer shall pay Executive:

  • Rights and Obligations on Termination In the event of termination of this Agreement for any reason, the parties shall have the following rights and obligations:

  • Actions Upon Termination Upon the termination of this Agreement, Issuer shall remove all references to any ODB Name, Branding and Content from the Issuer Site or Issuer Content and terminate all links on the Issuer Site to any ODB Site. ODB shall remove all references to Issuer Name, Branding and Content and terminate all links on the ODB Site to any Issuer Site. Each Party shall promptly return all Confidential Information, documents, manuals and other materials stored in any form or media (including but not limited to electronic copies) belonging to the other Party, except as may be otherwise provided in this Agreement or required by Law.

  • Obligations Upon Termination Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Duties Upon Termination Upon termination of this Agreement for any reason, the Contractor shall upon receipt of all sums due and owing, promptly deliver the following in accordance with the directions of the Company:

  • Termination of Conditions and Obligations The conditions precedent imposed by Section 5 or this Section 7 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares when such Shares shall have been effectively registered under the Securities Act and sold or otherwise disposed of in accordance with the intended method of disposition set forth in the Registration Statement covering such Shares or at such time as an opinion of counsel satisfactory to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

  • Rights Upon Termination Except as expressly provided in Section 6, upon the termination of the Executive’s Employment pursuant to this Section 5, the Executive shall only be entitled to the compensation, benefits and reimbursements described in Sections 2, 3 and 4 for the period preceding the effective date of the termination. The payments under this Agreement shall fully discharge all responsibilities of the Company to the Executive.

  • Liabilities Upon Termination If this Agreement is terminated for any reason other than those set forth in Section 12.01 or is breached, nothing contained herein shall be construed to limit Seller’s or Buyer’s legal or equitable remedies including, without limitation, damages for the breach or failure of any representation, warranty, covenant or agreement contained herein and the right to enforce specific performance of this Agreement.

  • Independent Nature of Rights and Obligations Nothing contained herein, and no action taken by any party pursuant hereto, shall be deemed to constitute Investor and the Sponsor as, and the Sponsor acknowledges that Investor and the Sponsor do not so constitute, a partnership, an association, a joint venture or any other kind of entity, or create a presumption that Investor and the Sponsor are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement or any matters, and the Sponsor acknowledges that Investor and the Sponsor are not acting in concert or as a group, and the Sponsor shall not assert any such claim, with respect to such obligations or the transactions contemplated by this Agreement.

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