Termination of Company Shareholders’ Agreement. All of the ---------------------------------------------- parties to that Shareholders' Agreement, dated November 30, 1988, as thereafter or hereafter amended, shall execute a written agreement, pursuant to Section 10.2.2 of such Shareholders' Agreement, to terminate such Shareholders' Agreement.
Termination of Company Shareholders’ Agreement. (a) Each of the Sellers and the Company agrees that the Company Shareholders’ Agreement will terminate with effect on the Closing.
Termination of Company Shareholders’ Agreement. The Company Shareholders and the Company hereby agree that, in accordance with the terms thereof, each of the Company Shareholders’ Agreement or any subscription agreement in respect of any Subject Shares that may exist as of the Second Merger Effective Time between the Company or any of its Subsidiaries, on the one hand, and such Company Shareholder or any of such Company Shareholder’s Affiliates, on the other hand, is hereby terminated effective upon the consummation of the Closing, and thereupon shall be of no further force or effect, without any further action on the part of any of the Company Shareholders or the Company, and neither the Company, the Company Shareholders, nor any of their respective Affiliates or Subsidiaries shall have any further rights, duties, liabilities or obligations thereunder, provided, however, that such termination shall not relieve any Company Shareholders hereto from liability arising in respect of any breach prior to such termination and consummation of the Closing.
Termination of Company Shareholders’ Agreement. At or prior to the First Closing, Shareholders’ Agreement shall be terminated with effect from the Second Closing.
Termination of Company Shareholders’ Agreement. Prior to Closing, the Company shall cause to be terminated the Company Shareholders’ Agreement. No parties to such terminated agreement shall have any further rights or obligations thereunder.
Termination of Company Shareholders’ Agreement. 45 Exhibits -------- A-1 Form of Hellxx Xxxease A-2 Form of Trademark Security Release Agreement B Form of Escrow Agreement C Form of Opinion of Counsel to the Company and the Sellers D Form of Consulting and Non-Competition Agreement with Richxxx X. Xxxxxxxx 4 Schedules
Termination of Company Shareholders’ Agreement. By execution hereof, each Seller agrees to the termination, effective as of the Closing Date, of the Shareholders Agreement, dated as of March 28, 1994, relating to the ownership by the Sellers of the Shares, in compliance with Section 10.1 thereof and, notwithstanding anything to the contrary contained in such Shareholder's Agreement, each Seller hereby consents to the transactions contemplated by this Agreement.
