Common use of Termination of Affiliate Transactions Clause in Contracts

Termination of Affiliate Transactions. Each of Parent, Seller and the Company shall take, and shall cause their respective Affiliates, including the Subsidiaries, to take, such action as may be necessary so that, as of the Closing Date, the Affiliate Transactions and the other rights or obligations between the Company or any Subsidiary, on the one hand, and Seller or any of its Affiliates (other than the Company and any Subsidiary), on the other hand, identified on Schedule 6.6 shall be terminated and of no further or continued force or effect.

Appears in 3 contracts

Samples: Unit Purchase Agreement (Amc Entertainment Inc), Unit Purchase Agreement (Marquee Holdings Inc.), Unit Purchase Agreement (Amc Entertainment Inc)

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Termination of Affiliate Transactions. Each Except as set forth in Schedule 6.12 of Parentthe Sellers’ Disclosure Letter, Seller the Sellers and the Company shall takeshall, and shall cause their respective AffiliatesSubsidiaries to, including the Subsidiaries, take all necessary actions to take, such action as may be necessary so that, as of the Closing Date, the ensure that all Affiliate Transactions and are terminated at or prior to the Closing, with no further liability or other rights Losses to the Purchaser or obligations between the Company or any Subsidiary, on the one hand, and Seller or any of its Affiliates (other than including the Company and any Subsidiary), on the other hand, identified on Schedule 6.6 shall be terminated and of no further or continued force or effectits Subsidiaries) with respect thereto.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Hyatt Hotels Corp), Membership Interest Purchase Agreement (Hyatt Hotels Corp)

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