Termination of Certain Agreements; and Release Sample Clauses

Termination of Certain Agreements; and Release. Each of Parent, Merger Sub, the Operating Company, Purchaser, Old Merger Sub and the Company hereby acknowledges and agrees that, effective immediately upon execution and delivery of this Agreement:
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Termination of Certain Agreements; and Release. The (i) Stockholders' Agreement; (ii) Agreement by and among DuraTherm and Xxx X. Xxxxx dated as of November 29, 1995; (iii) Employment Agreement by and between DuraTherm and Xxxx X. Xxxxx dated as of November 29, 1995; (iv) Employment Agreement by and between DuraTherm and Xxxxx X. Xxxxx dated as of November 29, 1995; (v) Employment Agreement by and between DuraTherm and Xxx X. Xxxxx III dated as of November 29, 1995; (vi) Guaranty Agreement by GTS Duratek for the benefit of Xxx X. Xxxxx, Xxxx X. Xxxxx, Xxxxx X. Xxxxx and Xxx X. Xxxxx III dated as of November 29, 1995; and (vii) the Technology License Agreement by and among GTS Duratek, DuraTherm and Xxx X. Xxxxx dated as of November 29, 1995 (the "1995 License Agreement") each shall have been terminated at or prior to the Closing by mutual agreement of the parties thereto and (i) DuraTherm, GTS Duratek, Seller and each of their Affiliates and (ii) the Minority Shareholdersshall have been released from any and all obligations and liabilities under such agreements or otherwise other than as may arise under this Purchase Agreement or with respect to salaries, benefits and other employment compensation payable to the Minority Stockholders up to the Closing Date and any accrued but unpaid license fees under the 1995 License Agreement up to the Closing Date.
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Related to Termination of Certain Agreements; and Release

  • Termination of Certain Agreements On and as of the Closing, the Company shall take all actions necessary to cause the Contracts listed on Schedule 6.04 to be terminated without any further force and effect and without any cost or other liability or obligation to the Company or any of its Subsidiaries, and there shall be no further obligations of any of the relevant parties thereunder following the Closing.

  • Termination of Certain Provisions 46 SECTION 7.14.

  • Termination of Certain Contracts Purchaser shall have received evidence reasonably acceptable to Purchaser that the Contracts set forth on Schedule 10.3(e)(ix) involving any of the Target Companies and/or Sellers or other Related Persons shall have been terminated with no further obligation or Liability of the Target Companies thereunder.

  • Modification of Certain Agreements The Borrower will not, and will not permit any of its Subsidiaries to, consent to any amendment, supplement, waiver or other modification of, or enter into any forbearance from exercising any rights with respect to the terms or provisions contained in,

  • Termination of Certain Covenants The covenants set forth in this Section 2 shall terminate and be of no further force or effect upon the earlier of: (i) the consummation of the sale of securities pursuant to a Qualifying IPO; or (ii) the first date upon which none of the Registrable Securities are outstanding.

  • Termination of Certain Rights Any termination of this Lease pursuant to this Article 13 shall cause any right of the Lessee to extend the Term of this Lease, granted to the Lessee herein and any right of the Lessee to purchase the Leased Property contained in this Lease to be terminated and to be without further force or effect.

  • Payments on Termination and Survival of Certain Rights and Obligations Payments to the Advisor pursuant to this Section 13.03 shall be subject to the 2%/25% Guidelines to the extent applicable.

  • Absence of Certain Agreements Neither Parent nor any of its Affiliates has entered into any contract, arrangement or understanding (in each case, whether oral or written), or authorized, committed or agreed to enter into any contract, arrangement or understanding (in each case, whether oral or written), pursuant to which: (a) any stockholder of the Company would be entitled to receive consideration of a different amount or nature than the Merger Consideration or pursuant to which any stockholder of the Company (i) agrees to vote to adopt this Agreement or the Merger or (ii) agrees to vote against any Superior Proposal or (b) any Third Party has agreed to provide, directly or indirectly, equity capital to Parent or the Company to finance in whole or in part the Merger.

  • Incorporation of Certain Provisions The provisions of Sections 9.01, 9.07, 9.09 and 9.12 of the Credit Agreement are hereby incorporated by reference mutatis mutandis as if fully set forth herein.

  • Assumption of Certain Obligations Buyer shall assume only those liabilities related to the Business or Assets which are referred to in Section 2.2(a) or are otherwise expressly assumed in this Agreement (the "Assumed Liabilities").

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