Common use of Termination of Related Party Contracts Clause in Contracts

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) set forth on Schedule 2.2(c) hereby acknowledges and agrees, on behalf of itself and its Affiliates and Related Persons, that such Contracts and all obligations of all parties thereunder are, without further action on the part of any of the parties thereto, hereby terminated effective immediately prior to the Closing, in each case without any liability to any of the Acquired Companies or the Sellers.

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) Closing Date), if any, set forth on the Terminated Contract Schedule 2.2(c) will be, and hereby acknowledges and agreesare, on behalf of itself and its Affiliates and Related Persons, that such Contracts terminated effective immediately upon Closing and all obligations of all the parties thereunder arewill terminate, and hereby are terminated, without further action on the part of any of Seller, the Company, the Subsidiaries or other parties thereto, hereby terminated effective immediately prior to the Closing, in each case thereto and be of no further force and effect and without any liability to any of the Acquired Companies Company or the Sellersits Subsidiaries.