Common use of Termination of Intercompany Agreements Clause in Contracts

Termination of Intercompany Agreements. (a) Except as set forth in Section 2.3(b), the Horizon Entities, on the one hand, and the TriMas Entities, on the other hand, hereby terminate any and all Intercompany Agreements, effective as of the Distribution. No terminated Intercompany Agreement (including any provision thereof that purports to survive termination) will be of any further force or effect from and after the Distribution. Each Party will, at the reasonable request of any other Party, take, or cause to be taken, such other actions as may be necessary to effect the provisions of this Section 2.3(a). The Parties, on behalf of the members of their respective Group, hereby waive any advance notice provision or other termination requirements with respect to any Intercompany Agreement.

Termination of Intercompany Agreements. (a) Except as set forth in Section 2.3(b), the Horizon Hertz Entities, on the one hand, and the TriMas HERC Holdings Entities, on the other hand, hereby terminate any and all Intercompany Agreements, effective as of the Distribution. No terminated Intercompany Agreement (including any provision thereof that purports to survive termination) will shall be of any further force or effect from and after the Distribution. Each Party willparty shall, at the reasonable request of any other Partyparty, take, or cause to be taken, such other actions as may be necessary to effect the provisions of this Section 2.3(a). The Partiesparties, on behalf of the members of their respective GroupGroups, hereby waive any advance notice provision or other termination requirements with respect to any Intercompany Agreement.