Common use of Termination of Affiliate Arrangements Clause in Contracts

Termination of Affiliate Arrangements. All Contracts between an Acquired Company, on the one hand, and any of their respective Affiliates, on the other hand, other than any Contracts (a) listed on Section 5.15 of the Sellers Disclosure Schedules or (b) to which only the Affiliates of Acquired Companies (other than the Acquired Companies) are party, shall be terminated as of the Closing Date, and all obligations and liabilities thereunder shall be deemed to have been satisfied.

Appears in 1 contract

Samples: Securities Purchase Agreement (Marinemax Inc)

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Termination of Affiliate Arrangements. All Contracts between an Acquired CompanyAt or prior to the Closing, on the one hand, Sellers and any of their respective AffiliatesAffiliates shall terminate or cancel (and pay, on the other handrelease, other than satisfy or otherwise discharge all Liabilities of any Contracts (akind under) listed on Section 5.15 all of the Sellers Affiliate Contracts listed in Section 4.24(b) of the Disclosure Schedules or (b) without any Liability to which only any Company Entity thereunder that survives the Affiliates of Acquired Companies (other than the Acquired Companies) are party, shall be terminated as of the Closing Date, and all obligations and liabilities thereunder shall be deemed to have been satisfiedClosing.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Ormat Technologies, Inc.)

Termination of Affiliate Arrangements. All Contracts between an Acquired Company, on the one hand, and Sellers and any of their respective AffiliatesAffiliates (other than the Acquired Companies), on the other hand, other than any Contracts (a) listed on Section 5.15 5.11 of the Sellers Seller Disclosure Schedules or (b) to which only the Affiliates of Acquired Companies (other than the Acquired Companies) are party, shall be terminated as of the Closing Date, and all obligations and liabilities thereunder shall be deemed to have been satisfied.

Appears in 1 contract

Samples: Stock Purchase Agreement (Bel Fuse Inc /Nj)

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Termination of Affiliate Arrangements. All Except as set forth on Section 4.4 of the Disclosure Schedules, effective as of the Closing, Seller shall terminate (or cause to be terminated) all intercompany agreements, Contracts and transactions between an Acquired the Company, on the one hand, and Seller or any of their respective Affiliatesits Affiliates (other than the Company), on the other hand, other than with no further obligations of or liability to the Company or Seller or their respective Affiliates with respect to any such Contracts (a) listed on Section 5.15 of the Sellers Disclosure Schedules or (b) to which only the Affiliates of Acquired Companies (other than the Acquired Companies) are party, shall be terminated as of the Closing Date, and all obligations and liabilities thereunder shall be deemed to have been satisfiedtransactions.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Borgwarner Inc)

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