Common use of Termination of Purchase Agreement Clause in Contracts

Termination of Purchase 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 Purchase 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.

Termination of Purchase Agreement. This Agreement shall be binding upon Holder upon Holder’s execution and delivery of this AgreementNotwithstanding the foregoing, but this Agreement shall only become effective upon the Closing. Notwithstanding anything to the contrary contained herein, in the event that the Purchase 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 effectand effect simultaneously upon the termination of the Purchase Agreement.

Termination of Purchase 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 In the event that the transactions contemplated under the Purchase Agreement is terminated in accordance with its terms prior to the Closingterminate without closing, this Agreement and all rights and obligations of the parties hereunder shall automatically terminate on the date of such termination, and be other than with respect to the Accrued Obligations, neither the Company nor Employee shall have any obligations to the other under this Agreement, and all payments and benefits shall cease as of no further force or effectsuch termination.

Termination of Purchase Agreement. This Agreement shall be binding upon Holder upon Holder’s execution and delivery Upon the effectiveness 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 Purchase Agreement is terminated in accordance with its terms prior to the Closing, this Agreement shall terminate and all rights and obligations of the parties hereunder thereunder shall automatically terminate terminate, except with respect to provisions (and be obligations arising thereunder) of no further force or effectthe Purchase Agreement that survive termination of the Purchase Agreement, and all security interests of the parties thereunder shall terminate.