Termination of Affiliate Arrangements. All Contracts between the Company or any of its Subsidiary, on the one hand, and Stockholder or any Related Person of the Company, on the other hand, other than those agreements set forth on Section 6.17 of the Company Disclosure Letter, any Company Plans and any Statutory Plans shall be terminated without any consideration or further liability and without the need for any further documentation, immediately prior to the Closing.
Termination of Affiliate Arrangements. Effective as of the Closing, but subject to the occurrence of the Closing, (a) except for the Intercompany Accounts set forth on Section 5.16(a) of the Seller Disclosure Letter, Seller and its controlled Affiliates (other than the Acquired Companies), on the one hand, and the Acquired Companies, on the other hand, shall eliminate by payment, settlement, netting, capitalization, set off, cancellation, forgiving, release or otherwise in a manner that is reasonably satisfactory to Buyer any obligations or liabilities under the Intercompany Accounts between or among such parties , in each case, such that the Acquired Companies, on the one hand, and Seller and its Affiliates (other than the Acquired Companies), on the other hand, do not have any further liability to one another (and without any costs or other liabilities of Buyer or any of its controlled Affiliates (including, following the Closing, the Acquired Companies)) in respect of such Intercompany Accounts following the Closing and (b) except for the Contracts set forth in Section 5.16(b) of Seller Disclosure Letter, the Affiliate Agreements shall be terminated in their entirety and shall be without any further force or effect, without any further obligations or liabilities of Seller and its controlled Affiliates (other than the Acquired Companies), on the one hand, and Buyer or any of its Affiliates (including, following the Closing, the Acquired Companies), on the other hand, following the Closing by termination agreements in form and substance reasonably satisfactory to Buyer. Notwithstanding the foregoing, intercompany accounts and balances solely between or among any of the Acquired Companies shall not be affected by this Section 5.16.
Termination of Affiliate Arrangements. All contracts and agreements between an Acquired Company, on the one hand, and the Sellers and their Affiliates, on the other hand, other than any contracts to which only Acquired Companies are party, shall be terminated on or immediately prior to the consummation of the Closing, and all obligations and liabilities thereunder shall be deemed to have been satisfied
Termination of Affiliate Arrangements. As of immediately prior to the Closing, the Company shall take all actions necessary to cause any Affiliate Agreement, other than those set forth on Schedule V.6 (which shall continue to be in effect following the Closing), to be terminated without any further force and effect and with no further liability thereunder to any Company Entity and without any liability or other obligation to the Company following the Closing.
Termination of Affiliate Arrangements. Prior to the Closing but conditioned upon the Closing, except for this Agreement and any indemnity, contribution, sellers’ representative or other agreements entered among the Sellers (and not the Company) in connection with the transactions contemplated hereby, each Company Party shall terminate, or cause to be terminated, any Contract(s) between any Company Party, on the one hand, and any director or officer of any Company Party, any Seller or Owner, or any Affiliate of such Seller or Owner, on the other hand, in full without any consideration or further liability to any Company Party, and the Company shall deliver to Buyer evidence of such termination in a form reasonably acceptable to Buyer.
Termination of Affiliate Arrangements. All agreements set forth on Schedule 3.07 shall be terminated as of the Closing Date, and all obligations and liabilities thereunder shall be canceled without payment or any further liability on the part of the Company or any of its Subsidiaries other than obligations or liabilities incurred or accrued as of the Closing Date.
Termination of Affiliate Arrangements. All agreements between the Company and its Affiliates (other than its Subsidiaries) listed on Schedule 5.7 (including the Stockholders Agreement), shall be terminated as of the Closing Date, and all obligations and liabilities thereunder shall be canceled without payment or any further liability on the part of the Company or any of its Subsidiaries.
Termination of Affiliate Arrangements. All Contracts between an Acquired Company, on the one hand, and Sellers and any of their respective Affiliates (other than the Acquired Companies), on the other hand, listed on Section 5.11 of the Seller Disclosure Schedules shall be terminated as of the Closing Date, and all obligations and liabilities thereunder shall be satisfied.
Termination of Affiliate Arrangements. Effective as of the Closing, except for this Agreement and any Contracts set forth on Schedule 5.15, the Company Parties shall terminate, or cause to be terminated, any Contracts between any Company Party, on the one hand, and any Affiliate of the Company Parties, on the other hand, in full without any consideration or further liability to any Company Party and the Company shall deliver to Purchaser evidence of such termination in a form and substance reasonably acceptable to Purchaser.
Termination of Affiliate Arrangements. Except with respect to the Contracts set forth on Schedule 5.1, at or prior to the Closing, the Company and its Subsidiaries shall have terminated all Contracts with Affiliates and Related Parties without any Liability or obligation on the part of the Company or any of its Subsidiaries.
