Common use of Termination of Related Party Contracts Clause in Contracts

Termination of Related Party Contracts. At or prior to the Closing, the Company and the Subsidiaries shall terminate all Contracts with Related Parties listed in Section 5.4 of the Disclosure Schedule, without any payment by or liability to the Company.

Termination of Related Party Contracts. At or prior to the ClosingExcept as expressly set forth in this Agreement, the Company and the its Subsidiaries shall terminate cause all Related Party Contracts with Related Parties (including those listed in Section 5.4 5.1(t) of the Company Disclosure Schedule, ) to be terminated prior to the Effective Time without any payment by cost or liability expense to the CompanyCompany or any of its Subsidiaries and with no further liability or obligation on the part of any party thereto.