Common use of Termination of Shareholders Agreement Clause in Contracts

Termination of Shareholders Agreement. Pursuant to Section 5.1(a)(i) of the Shareholders Agreement, the Company and the Shareholder hereby agree and acknowledge that the Shareholders Agreement shall, effective upon the Effective Time, be terminated in its entirety and be of no further force and effect, and that neither the Company, the Shareholder nor any of their respective successors in interest, shall have any further rights, liabilities, obligations, covenants, agreements or claims with respect to the Shareholders Agreement.

Termination of Shareholders Agreement. Pursuant to Section 5.1(a)(i) of the The Shareholders Agreement, and ------------------------------------- the Company shall waive all rights pursuant to and the Shareholder hereby agree and acknowledge that shall terminate the Shareholders Agreement shalldated June 21, effective upon 1996 by and among the Effective TimeShareholders of the Company in accordance with Section 9.08 thereof, be terminated in its entirety and such Shareholders Agreement shall be of no further force and or effect, and that neither the Company, the Shareholder nor any of their respective successors in interest, shall have any further rights, liabilities, obligations, covenants, agreements or claims with respect to the Shareholders Agreement.

Termination of Shareholders Agreement. Pursuant to Section 5.1(a)(i) Upon their execution of the Shareholders this Agreement, each of the Company and the each Company Shareholder hereby agree and acknowledge that the Shareholders Agreement shall, effective upon as of the Effective Time, be terminated in its entirety the Shareholders Agreement shall terminate and be of no further force or effect; provided, that the provisions of Sections 11, 12 and effect, and that neither the Company, the Shareholder nor any 13 of their respective successors in interest, shall have any further rights, liabilities, obligations, covenants, agreements or claims with respect to the Shareholders AgreementAgreement shall survive such termination and continue to be effective agreements of the parties following the Effective Time and otherwise in accordance with their terms.