Termination of Operating Agreement. 1.1. The Operating Agreement is terminated effective December 31, 2003 or such earlier date as MAI may direct by notice in writing given to NADI, provided that section 5.9 (Confidentiality) of the Operating Agreement will survive such termination and continue to be binding.
1.2. Following termination of the Operating Agreement, NADI will provide one or more accounts to MAI for any outstanding amounts owed under the Operating Agreement and MAI will pay those accounts promptly following receipt.
1.3. Upon termination of the Operating Agreement MAI will vacate the office space currently provided by NADI under the Operating Agreement.
Termination of Operating Agreement. Each Member, effective at the Effective Time, hereby waives any and all rights, privileges and obligations under the Operating Agreement, and thereupon the Operating Agreement shall be terminated and of no further force or effect.
Termination of Operating Agreement. Upon a dissolution of the Company or if either Provider is no longer a Member of the Company, this Agreement will terminate. This Agreement may be terminated by the Company in accordance with Section 6.2.2(b) of the Operating Agreement.
Termination of Operating Agreement. CUSA shall have executed and delivered to Refinery Buyer the Termination of Operating Agreement in the form of Exhibit P attached to this Agreement.
Termination of Operating Agreement. The Amended and Restated Operating Agreement of Connectiv/CNE Energy Services, L.L.C., dated September 1, 1997 shall have been terminated and shall be of no further force or effect.
Termination of Operating Agreement. Each party hereto acknowledges and agrees that pursuant to Section 6.1(b)(ii) of the Operating Agreement, the Operating Agreement shall terminate on the Closing Date and OldCo shall have no further rights thereunder on and after the Closing Date.
Termination of Operating Agreement. Each Seller hereby agrees that, effective as of the Closing, the Company's Operating Agreement shall terminate and be of no further force and effect.
Termination of Operating Agreement. The Sellers hereby agree that, upon the Closing, the Operating Agreement shall be amended and restated without any further liability of the Company to any Seller in their capacity as a Member, and no Seller shall have any rights against, or obligations to, the Company or Purchaser as a Member under the Operating Agreement; provided that, solely as among the Sellers, the provisions of Articles III and IV of the Operating Agreement shall continue to govern as to allocation of profits and losses and distributions through the Closing.
Termination of Operating Agreement. Effective on the Closing Date, CUSA and Refinery Buyer shall enter into a Termination of Operating Agreement for termination of CUSA’s operation of the South Refinery and release of obligations and liabilities of each of CUSA and Refinery Buyer in consideration of the obligations and liabilities undertaken by each of the Parties in this Agreement. The Termination of Operating Agreement shall be substantially in the form of Exhibit P attached hereto.
Termination of Operating Agreement. Upon the execution and adoption of this Agreement, the Operating Agreement of the Company, dated September 10, 1998, will automatically terminate.
