Common use of Termination of Payment Obligation Clause in Contracts

Termination of Payment Obligation. If any such litigation results in a final judgment that invalidates any Monterey Amendment (or any portion thereof) or the Xxxx Fan Element Transaction, the obligation for payments under Section VI(B)(3) shall automatically terminate.

Appears in 2 contracts

Samples: Settlement Agreement, Environmental Impact Report Agreement

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Termination of Payment Obligation. If any such litigation results in a final judgment (without further right of appeal) that invalidates any Monterey Amendment (or any portion thereof) or the Xxxx Fan Element Transaction, the obligation for payments under Section VI(B)(3IV(A)(2)(b) shall automatically terminate.

Appears in 2 contracts

Samples: Environmental Impact Report Agreement, Settlement Agreement

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