Common use of Termination of Related Party Contracts Clause in Contracts

Termination of Related Party Contracts. Each of the Contracts (as they may be amended through the Closing Date), if any, set forth on the Terminated Contract Schedule will be, and hereby are, terminated effective immediately upon Closing and all obligations of the parties thereunder will terminate, and hereby are terminated, without further action on the part of any of Seller, the Company, the Subsidiaries or other parties thereto and be of no further force and effect and without any liability to any of the Company or its Subsidiaries.

Termination of Related Party Contracts. Each of the parties hereto that is a party to any of the Contracts (as they may be amended through the Closing Date), if any, Closing) set forth on the Terminated Contract Schedule will be2.2(c) hereby acknowledges and agrees, on behalf of itself and hereby areits Affiliates and Related Persons, terminated effective immediately upon Closing that such Contracts and all obligations of the all parties thereunder will terminate, and hereby are terminatedare, without further action on the part of any of Sellerthe parties thereto, hereby terminated effective immediately prior to the CompanyClosing, the Subsidiaries or other parties thereto and be of no further force and effect and in each case without any liability to any of the Company Acquired Companies or its Subsidiariesthe Sellers.

Termination of Related Party Contracts. Each of Except for the Contracts (as they may be amended through the Closing Date), if any, set forth on Schedule 6.2 of the Terminated Disclosure Schedules, effective as of the Closing, each Contract Schedule will bebetween any Seller or its Affiliates (other than the Company) or any member of their respective immediate family, on the one hand, and hereby are, terminated effective immediately upon Closing and all obligations of the parties thereunder will terminate, and hereby are terminated, without further action on the part of any of Seller, the Company, on the Subsidiaries or other parties thereto hand (each, a “Related Party Contract”), will be automatically terminated and be of no further force effect, with no further liability of any party thereto, and effect the Sellers shall execute any and without any liability to any of all instruments reasonably requested by the Company or its SubsidiariesPurchaser in connection therewith.