Common use of Termination Agreement Clause in Contracts

Termination Agreement. At the Closing, the Company shall enter into an agreement with the Original FL Purchasers terminating the Exchange Agreement, dated as of September 30, 2001, among the Original FL Purchasers and the Company and confirming that the Original Registration Rights Agreement shall continue in full force and effect with respect to the Class A Common Stock to be issued in exchange for the 2001 Preferred in the Restructuring.

Appears in 2 contracts

Samples: Purchase Agreement (McLeodusa Inc), Purchase Agreement (Forstmann Little & Co Sub Debt & Eq MGMT Buyout Par Vii Lp)

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Termination Agreement. At the Closing, the Company shall enter into an agreement with the Original FL Purchasers terminating the Exchange Agreement, dated as of September 30, 2001, among the Original FL Purchasers and the Company and confirming that the Original Registration Rights Agreement shall continue in full force and effect with respect to the Class A Common Stock to be issued in exchange for the 2001 Preferred in the Restructuring, except that the registration rights shall be assignable with the Company's prior written consent (such consent not to be unreasonably withheld) to a purchaser or purchasers or other transferees of such Class A Common Stock.

Appears in 1 contract

Samples: Purchase Agreement (McLeodusa Inc)

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Termination Agreement. At the Closing, the Company shall enter into an agreement with the Original FL Purchasers terminating the Exchange Agreement, dated as of September 30, 2001, among the Original FL Purchasers and the Company and confirming that the Original Registration Rights Agreement shall continue in full force and effect with respect to the Class A Common Stock to be issued in exchange for the 2001 Preferred in the Restructuring., except that the registration rights shall be assignable with the Company's prior written consent (such consent not to be unreasonably withheld) to a purchaser or purchasers or other transferees of such Class A Common Stock. Article V

Appears in 1 contract

Samples: Purchase Agreement (Forstmann Little & Co Sub Debt & Eq MGMT Buyout Par Vii Lp)

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