Common use of Termination of Related Party Contracts Clause in Contracts

Termination of Related Party Contracts. Except as contemplated by the Parent Ancillary Agreements or the Buyer Ancillary Agreements, on or prior to the Closing Date, all Related Party Contracts other than the Related Party Contracts set forth in Schedule 7.5 shall be terminated and shall be of no further force and effect after the Closing.

Termination of Related Party Contracts. Except as contemplated by the Parent Ancillary Agreements or the Buyer Ancillary Agreements, on At or prior to the Closing DateClosing, all but subject to the occurrence of the Effective Time, the Company shall take such actions as may be necessary to terminate the Related Party Contracts Contracts, other than the those Related Party Contracts set forth in Schedule 7.5 shall be terminated and shall be on Section 6.14 of the Company Disclosure Schedule, with no further force obligations of the Company or its Affiliates from and effect after the ClosingClosing in form and substance reasonably acceptable to Parent and deliver evidence thereof to Parent.

Termination of Related Party Contracts. Except as contemplated by the Parent Ancillary Agreements or the Buyer Ancillary Agreements, on or prior Prior to the Closing DateClosing, Sellers and the Company shall take (or cause their Affiliates to take) such actions as are necessary to terminate, effective as of the Closing, all Related Party Contracts Contracts, services, and other than arrangements, whether written or oral (except for the Related Party Contracts set forth in on Schedule 7.5 shall be terminated 7.6), between the Company, on the one hand, and shall be any Seller or any Affiliate of no further force any Seller, on the other hand, and, from and effect after the Closing, no further rights or Liabilities of any party shall continue under such terminated Contracts, services, or arrangements.