Common use of Termination of Rights and Obligations Clause in Contracts

Termination of Rights and Obligations. Notwithstanding any provision of this Agreement to the contrary, all rights of the Principals under this Agreement shall terminate at such time as the Principals cease to own, directly or indirectly, any interest in the Company.

Appears in 3 contracts

Samples: Operating Agreement (Coaxial LLC), Operating Agreement (Insight Communications of Central Ohio LLC), Operating Agreement (Insight Communications Co Inc)

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Termination of Rights and Obligations. Notwithstanding any provision of this Agreement to the contrary, all rights and obligations of the Principals under this Agreement Agreement, except for those arising under Section 12.9, shall terminate at such time as the Principals cease to own, directly or indirectly, any interest in the Company.

Appears in 1 contract

Samples: Operating Agreement (Insight Communications Co Inc)

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