Common use of Termination of Affiliate Transactions Clause in Contracts

Termination of Affiliate Transactions. On or before the Closing Date, all Liabilities relating to the Transferred Business between the Seller, on the one hand, and one or more of its Affiliates, on the other hand, including any and all Contracts (other than any Transaction Document) between the Seller, on the one hand, and one or more of its Affiliates, on the other hand, shall be terminated in full, without any Liability to the Buyer or any of its Affiliates following the Closing.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Wausau Paper Corp.)

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Termination of Affiliate Transactions. On or before Prior to the Closing, the Seller and its Affiliates shall terminate all Affiliate Transactions (other than those being provided after the Closing Date, all Liabilities relating pursuant to the Transferred Business between Transition Services Agreement), in each case without any further obligation of the Seller, on Company or any of the one hand, Subsidiaries and one or more of its Affiliates, on the other hand, including with any and all Contracts (other than any Transaction Document) between related claims against the Seller, on Company and the one hand, and one or more of its Affiliates, on the other hand, shall be terminated in full, without any Liability to the Buyer or any of its Affiliates following the ClosingSubsidiaries being fully discharged.

Appears in 2 contracts

Samples: Restructuring and Investment Agreement (Stock Building Supply Holdings, Inc.), Restructuring and Investment Agreement (Stock Building Supply Holdings, Inc.)

Termination of Affiliate Transactions. On or before the Closing Date, all Liabilities except for liabilities relating to the Transferred Business Plans, all Affiliate Transactions or other liabilities between any member of the SellerCorporation or the Subsidiary, on the one hand, and one or more of its Affiliates, on the other hand, including any and all Contracts (other than any Transaction Document) between the Seller, on the one hand, and one or more of its AffiliatesRelated Parties, on the other hand, shall be terminated in full, without any Liability liability to Buyer, the Buyer Corporation or any of its their respective Affiliates following the Closing.

Appears in 2 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement (Datawatch Corp)

Termination of Affiliate Transactions. On or before the Closing Date, all Liabilities relating to the Transferred Business between the Seller, on the one hand, and one or more of its Affiliates, on the other hand, including any and all Contracts (Affiliate Transactions other than any Transaction Documentthose set forth on Schedule 4.22(b) between the Seller, on the one hand, and one or more of its Affiliates, on the other hand, shall be terminated in full, without any Liability further liability to the Buyer or any of its Affiliates Acquired Company with respect to periods following the Closing, effective as of the Closing; provided, that in no event shall any Acquired Company pay any fee or otherwise incur any expense or financial exposure with respect to any such termination.

Appears in 1 contract

Samples: Equity Purchase Agreement (Kbr, Inc.)

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Termination of Affiliate Transactions. On Prior to or before at the Closing DateClosing, the Company shall terminate all Liabilities relating to the Transferred Business between the Seller, on the one hand, and one or more of its Affiliates, Affiliate Transactions (including without limitation each Affiliate Transaction set forth on Section 3.16 of the other hand, including any and all Contracts (other than any Transaction Document) between the Seller, on the one hand, and one or more of its Affiliates, on the other hand, shall be terminated in fullCompany Disclosure Letter), without any Liability to the Buyer further obligation of such party or any of its Affiliates following Subsidiaries and with any and all related claims against the ClosingCompany and its Subsidiaries being fully discharged.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cumulus Media Inc)

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