Termination of Distribution Agreements. Effective as of the date hereof upon payment by TriStar and receipt by the Seller of the Purchase Price (as hereinafter defined), the Distribution Agreement dated as of April 18, 1985, (such agreement, as amended, being the "Distribution Agreement") between TriStar and the Joint Venture, relating to the Films shall automatically terminate without any further action on the part of either party hereto or the Joint Venture. Notwithstanding the foregoing, the provisions of Article XXI of the Distribution Agreement shall survive such termination.
Termination of Distribution Agreements. Effective as of the date hereof upon payment by CPII and receipt by the Seller of the Purchase Price (as hereinafter defined), the Distribution Agreement dated as of April 18, 1985 (such agreement, as amended, being the "Distribution Agreement") between CPII and the Joint Venture, relating to the Films shall automatically terminate without any further action on the part of either party hereto or the Joint Venture. Notwithstanding the foregoing, the provisions of Article XXI of the Distribution Agreement shall survive such termination. 3.
Termination of Distribution Agreements. ARTICLE V.
Termination of Distribution Agreements. The Selling Shareholders (to the extent they are legally entitled to do so) and the Company shall use their respective best efforts to effect the termination of the Distribution Agreements with each of the Distributors. To the extent that any amounts in excess of the Reserve Account are expended to effect the termination or renegotiation (on terms satisfactory to the Purchaser) of the Distribution Agreements, any such amounts in excess of the Reserve Account shall be paid:
Termination of Distribution Agreements. (a) Notwithstanding any provisions herein to the contrary, the distribution agreements listed on Schedule 6.12 (the “Terminated Distribution Agreements”) will not be assigned to the Purchasers and Sellers will not seek consent from the other parties thereto (the “Terminated Distributors”) to assign such Contracts. Within five (5) Business Days following the Closing, the Sellers will provide notice to each Terminated Distributor that the relevant Terminated Distribution Agreement has been terminated effective as of the date specified by the Purchasers, which will in no event be prior to the effective date of such notice (the “Distributor Termination Effective Date”), the form and substance of which notice shall have been approved in advance by the Purchasers. The Sellers may permit the Terminated Distributors to sell any inventory of Business Products held by the Terminated Distributors as of the Distributor Termination Effective Date. Except as otherwise agreed to by the Purchasers (which agreement may be withheld at the sole discretion of the Purchasers), the Sellers shall not provide any additional Business Products to the Terminated Distributors after the Distributor Termination Effective Date.
Termination of Distribution Agreements. Each of Buyer and the Sellers hereby agrees and acknowledges that, upon consummation of the Transactions, each distributor or distribution agreement between Buyer, on the one hand, and Sellers (or any of them), on the other hand, shall, without any further action, be automatically terminated and of no further force and effect.
Termination of Distribution Agreements. At the time of the execution of this Agreement, the Company shall have terminated (i) the Distribution Agreement, dated September 9, 2009, between the Company and X.X. Xxxxxx Securities Inc. and (ii) the Distribution Agreement, dated September 9, 2009, between the Company and Deutsche Bank Securities Inc.
Termination of Distribution Agreements. Promptly following the Closing Date, Seller shall provide notice of terminations to distributors and independent sales representatives of the Business pursuant to the terms of any distributor or independent sales representative agreements. Seller shall be responsible for any costs associated with such terminations.
Termination of Distribution Agreements. The Parties agree that each of the following agreements (together the “Distribution Agreements”) shall terminate in accordance with its terms with effect from 31 December 2024 (“Termination Effective Date 2024”) or 31 December 2025 (“Termination Effective Date 2025”) as set forth below, provided that (i) no Party shall be required to give any written notice of such termination to another Party, and (ii) any provisions in such Distribution Agreements which are stated to survive such termination shall continue in full force and effect and the Parties shall comply with the provisions of Section 17 (Effects of Termination) of the relevant Distribution Agreement: Termination Date 2024:
Termination of Distribution Agreements. 5 2.2 Releases. .........................................................................................................................6 ARTICLE III
