Termination of Restrictive Covenants. In addition to any other right or remedy available to Executive, Executive shall no longer be bound by any of the restrictions set forth in this Section 6 if the Company fails to pay or to provide Executive when due the amounts and benefits due hereunder or under any agreement ancillary hereto, and Executive’s pursuit of such remedy shall not relieve the Company from its obligations to pay and to provide such amounts and benefits to Executive.
Termination of Restrictive Covenants. Notwithstanding anything to the contrary contained herein, if this Agreement is terminated pursuant to Section 10.2 herein, the employment agreement term contained in this Section 9 shall be null and void and of no force or effect.
Termination of Restrictive Covenants. Notwithstanding anything to the contrary contained herein, if this Agreement is terminated pursuant to Section 10.2 herein, the restrictive covenants contained in this Section 9 shall be null and void and of no force or effect.
Termination of Restrictive Covenants. In addition to any other right or remedy available to Green, Green shall no longer be bound by any of the restrictions set forth in this Section 6 if the Company fails to pay or to provide Green when due the amounts and benefits due hereunder or under any agreement ancillary hereto, and Green’s pursuit of such remedy shall not relieve the Company from its obligations to pay and to provide such amounts and benefits to Green.
Termination of Restrictive Covenants. At such time as the debt from the Buyer to the Seller (as reflected in the SEC Filings, as defined below) as well as any additional debt from the Buyer to the Seller, is satisfied, all restrictive covenants in this Agreement shall be terminated and the Series A Preferred Stock may converted into an equal number of common stock of the Buyer.
Termination of Restrictive Covenants. The restrictive covenants set forth in Section 13(b)(i) and 13(b)(ii) hereof shall expire if a Payment Event of Default (defined below) occurs under the Guaranty dated August , 1999 by Block in favor of McGladrey (the “Guaranty”). For purposes of this Section, a “Payment Event of Default” shall be deemed to occur if (i) any undisputed Guaranteed Obligation (as defined in the Guaranty) is not timely paid by RSM McGladrey when due and owing and (ii) Block fails to pay the amount of any such Guaranteed Obligation (provided that RSM McGladrey’s nonpayment then exists and is continuing) within thirty (30) days after delivery of written notice thereof to Block pursuant to the notice provisions of the Guaranty. Any expiration of such restrictive covenants pursuant to this Section shall not, however, act or be deemed to work on or effect any expiration, termination, waiver, forfeiture, or release of such restrictive covenants or in any way affect their enforcement for any period prior to the occurrence of the applicable Payment Event of Default.
Termination of Restrictive Covenants. 21 10.9 Definitions.................................................................................21
Termination of Restrictive Covenants. If Executive shall terminate his employment pursuant to Section 4.3.2, the Restrictive Covenants shall terminate as of the Termination Date. If Employer shall terminate Executive’s employment pursuant to Section 4.3.3, the Restrictive Covenants shall terminate three years following the Termination Date, provided that Executive shall receive payment of his full Severance Pay as provided in Section 6.2; if Executive shall not receive his full Severance Pay, the Restrictive Covenants shall terminate as of the latest date of payment of Severance Pay.
Termination of Restrictive Covenants. In the event that the Company shall, in accordance with this Article 3, prepay in full all Fixed Principal Amounts and interest thereon in respect of all Securities (the date of such full prepayment, the “Full Prepayment Date”), then the Restrictive Covenants set forth in Sections 4.03(a)(3) – (5) shall be of no further force and effect as of the Full Prepayment Date and no Event of Default shall result from the failure of the Company to comply with such Restrictive Covenants from and after the Full Prepayment Date; provided, however, that if such prepayment does not also include the prepayment in full of all Contingent Principal Amounts of all the Dollar Notes (determined in accordance with the provisions of Exhibit B hereto), then such Restrictive Covenants shall nonetheless continue in effect until the earlier of (a) December 31, 2008, or (b) the payment in full of the Contingent Principal Amounts under all Securities (determined in accordance with the provisions of Exhibit B hereto).
Termination of Restrictive Covenants. Notwithstanding the foregoing provisions of this Section 7, in the event that the Deferred Payment (as defined in the Merger Agreement) required to be made to Company Unitholders (as defined in the Merger Agreement) is not made within five business days of the day when such payment is due pursuant to the Merger Agreement, then the restrictive covenants of Sections 7(b), (c) and (d) hereof shall thereupon automatically terminate and be of no further force or effect; it being understood and agreed that, in the event at the time the Deferred Payment is to be made a dispute exists with respect to the application of Article VIII of the Merger Agreement to the calculation of the amount of the Deferred Payment, the failure to make payment of the amount so in dispute shall not be considered as a failure to make payment of the Deferred Payment for purposes hereof.
