Termination of Existing Shareholders Agreement Sample Clauses

Termination of Existing Shareholders Agreement. Stockholder hereby covenants and agrees that, as of the Effective Time and without further action, the Stockholders Agreement will be terminated and deemed null and void and of no further force and effect.
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Termination of Existing Shareholders Agreement. 18.1 Subject to Clause 18.2, each of the parties to the Existing Shareholders’ Agreement agrees and acknowledges that, with, effect from Completion (except as regards clause 6 of the Existing Shareholders’ Agreement and obligations and claims imposed by or arising under such clause 6, all of which shall remain in full force and effect):- (a) the Existing Shareholders’ Agreement shall be terminated as between such parties and all of the rights and obligations established by the Existing Shareholders’ Agreement shall accordingly lapse and cease to have any force or effect; and (b) it has no outstanding claims (howsoever and whensoever arising) under or in connection with the Existing Shareholders’ Agreement. 18.2 Any termination or cessation pursuant to Clause 18.1 shall be without prejudice to the rights, obligations or liabilities of any party which shall have accrued or arisen prior to such termination or cessation.
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Termination of Existing Shareholders Agreement. The applicable Sellers shall terminate (i) that certain Memorandum of Understanding dated April 15, 2006 as amended on June 21, 2006, (2) that certain 8 To be discussed: Whether Sellers dematerialize shares prior to first closing. Memorandum of Understanding dated December 30, 2006 and (3) any other shareholders agreement, voting trust or other similar document among them.
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Termination of Existing Shareholders Agreement. The Existing Shareholders Agreement shall have been validly terminated in accordance with its terms.
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Termination of Existing Shareholders Agreement. The Company, Banco Santander, SHUSA, Xxxxxx Holdco and Executive agree that the Existing Shareholders Agreement is hereby terminated and of no further force and effect.
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Termination of Existing Shareholders Agreement. The shareholders agreement dated November 1, 2006 (the “Existing Shareholders Agreement”) among the Company and the other parties thereto shall have been terminated and evidence of (i) such termination, (ii) a waiver of all preemptive and other rights thereunder and (iii) a consent to the issuance and sale of the Shares by the Company contemplated herein shall have been provided to the Buyers;
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Termination of Existing Shareholders Agreement. Upon the consummation of the transactions contemplated herein, the Amended and Restated Shareholders Agreement among Venturian, VSI and Xxxxxx shall terminate and be of no further force or effect, automatically and immediately without any further action by any party.
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Termination of Existing Shareholders Agreement. From the date of this deed the Existing Shareholders' Agreement shall no longer have any force or effect and shall be terminated and the respective rights, duties and obligations of AIHC and WMC thereunder shall from such date cease to exist.
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Related to Termination of Existing Shareholders Agreement

  • Shareholders Agreement For so long as the ratio of the number of the Equity Securities owned by the Star Group on a fully diluted basis divided by the number of the Equity Securities owned by the Investor Group on a fully diluted basis is at least 0.6, the Guarantor may not take any of the actions set forth in schedule II of the Shareholders’ Agreement without the prior written approval of Star. For the purpose of this clause “on a fully diluted basis” means taking into account any shares issued or issuable under warrants, options and convertible instruments (or other equity equivalents).

  • 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.

  • Stockholders Agreement Investor and the other parties to the Stockholders Agreement shall have executed and delivered the Stockholders Agreement to the Company.

  • 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.

  • Shareholders Agreements Any agreement by and between the Shareholder and any Affiliate of the Company;

  • 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.

  • Stockholder Agreement The Stockholder agrees that, during the period from the date of this Agreement until the Expiration Date:

  • Securityholders Agreement The term "Securityholders Agreement" shall mean the Securityholders Agreement dated as of the Closing Date, among Dairy Holdings, Vestar, the Management Investors, and the other securityholders a party thereto, as it may be amended or supplemented thereafter from time to time.

  • Ratification of Existing Agreements All existing Dual Enrollment agreements between the Trustees and the Private School are hereby modified to conform to the terms of this agreement and the appendices of this document.

  • 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.

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