Termination of Buy-Sell Agreements Sample Clauses

Termination of Buy-Sell Agreements. Each of PTS and the DAKP Parties hereby acknowledges and agrees that effective immediately following the Closing, each of the following agreements shall terminate in accordance with Section 8 thereof (which provides for, among other things, that each such agreement shall automatically terminate in the event that one of the members becomes the owner of all of the outstanding units of the particular Acquired Entity) and be of no further force and effect, and that the applicable parties thereto shall have no remaining rights, obligations or liabilities thereunder: (i) that certain Dakota Petroleum Transport Solutions, LLC Buy-Sell Agreement, effective as of November 9, 2009, by and among Dakota Plains Transport, Inc. (predecessor in interest to Dakota Plains Transloading), PTS and DPTS, as amended by that certain Amendment to Dakota Petroleum Transport Solutions, LLC Buy-Sell Agreement, dated as of April 29, 2011; (ii) that certain DPTS Marketing LLC Buy-Sell Agreement, effective as of April 29, 2011, by and among Dakota Plains Marketing, PTS and DPTSM; and (iii) that certain DPTS Sand, LLC Buy-Sell Agreement, effective as of June 1, 2014, by and among Dakota Plains Sand, PTS and DPTS Sand.
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Termination of Buy-Sell Agreements. Provided that Employee executes the SAR Conversion Agreement, effective as of, and contingent upon the Registration Date, the Company agrees to terminate the Buy-Sell Agreements listed in Exhibit B and, thereafter, the Buy-Sell Agreements have no further effect on Employee with respect to the Employee MMI Shares.
Sample 1
Termination of Buy-Sell Agreements. That certain Buy-Sell Agreement, dated June 7, 1989, among certain STOCKHOLDERS, shall have been terminated.
Sample 1

Related to Termination of Buy-Sell Agreements

  • Termination of Existing Tax Sharing Agreements Any and all existing Tax sharing agreements (whether written or not) binding upon the Company shall be terminated as of the Closing Date. After such date neither the Company nor any of its Representatives shall have any further rights or liabilities thereunder.

  • Termination of Existing Agreements Any previous employment agreement between Executive on the one hand and Employer or any of Employer’s Affiliates (as hereinafter defined) on the other hand is hereby terminated.

  • Termination of Contracts Neither the Company nor any of its Subsidiaries has sent or received any communication regarding termination of, or intent not to renew, any material contract or agreement referred to or described in the Registration Statement, the Pricing Disclosure Package and the Final Prospectus or filed as an exhibit to the Registration Statement, and no such termination or non-renewal has been threatened by the Company or any of its Subsidiaries or by any other party to any such contract or agreement.

  • Termination of Tax Sharing Agreements All Tax sharing agreements or similar arrangements with respect to or involving the Business shall be terminated prior to the Closing Date and, after the Closing Date, Buyer and its Affiliates shall not be bound thereby or have any liability thereunder for amounts due in respect of periods ending on or before the Closing Date.

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

  • Post Closing Agreements From and after the Closing, the parties shall have the respective rights and obligations which are set forth in the remainder of this Article VI.

  • Termination of Existing Agreement The Existing Agreement is hereby terminated and replaced and superseded by this Agreement, effective August 1, 2001. All payments, of Base Salary or otherwise, made by the Company under the Existing Agreement with respect to any period commencing on or after August 1, 2001 shall be credited against the corresponding payment obligations of the Company under this Agreement.

  • Termination of Merger Agreement This Agreement shall be binding upon Holder upon Holder’s execution and delivery of this Agreement, but this Agreement shall only become effective upon the Closing. Notwithstanding anything to the contrary contained herein, in the event that the Merger Agreement is terminated in accordance with its terms prior to the Closing, this Agreement and all rights and obligations of the parties hereunder shall automatically terminate and be of no further force or effect.

  • Termination Agreement 8.01 Notwithstanding any other provision of this Agreement, WESTERN, at its sole option, may terminate either a Purchase Order or this Agreement at any time by giving fourteen (14) days written notice to CONSULTANT, whether or not a Purchase Order has been issued to CONSULTANT. 8.02 In the event of termination of either a Purchase Order or this Agreement, the payment of monies due CONSULTANT for work performed prior to the effective date of such termination shall be paid within thirty (30) days after receipt of an invoice as provided in this Agreement. Upon payment for such work, CONSULTANT agrees to promptly provide to WESTERN all documents, reports, purchased supplies and the like which are in the possession or control of CONSULTANT and pertain to WESTERN.

  • Termination of Related Party Agreements Except as set forth on Schedule 9.7, all existing agreements between the Company and the Stockholders (and between the Company and entities controlled by the Stockholders) shall have been canceled effective prior to or as of the Consummation Date.

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