Common use of Term; Survival Clause in Contracts

Term; Survival. (a) This Agreement shall terminate upon the earliest to occur of any of the following events: (i) The consent in writing of all of the parties hereto; or (ii) July 29, 2004; or (iii) The filing by the Company of a petition in bankruptcy or the expiration of sixty (60) days after a petition in bankruptcy shall have been filed against the Company and such petition shall not have been stayed or discharged during such sixty (60) day period; or upon the expiration of sixty (60) days after the commencement of any proceeding under any law for the relief of debtors seeking the relief or readjustment of the Company's indebtedness either through reorganization, winding-up, extension or otherwise, and such proceedings involving the Company as debtor shall not have been vacated or stayed within such sixty (60) day period; or upon the appointment of a receiver, custodian or trustee for all or substantially all of the Company's property, or the making by the Company of any general assignment for the benefit of creditors, or the admitting in writing by the Company of its inability to pay its debts as they mature; or upon the voluntary or involuntary liquidation or dissolution of the Company; or (iv) The beneficial ownership of all of the Common Stock by only one Stockholder. (b) Nothing contained in this Section 3 shall affect or impair any rights or obligations of any party hereto arising prior to the time of the termination of this Agreement, or which may arise by an event causing the termination of this Agreement.

Appears in 5 contracts

Samples: Registration Rights Agreement (Hellman & Friedman Investors Inc), Registration Rights Agreement (Goldman Sachs Group Inc), Registration Rights Agreement (Voicestream Wireless Holding Corp)

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