Common use of Termination of Shareholders Agreement Clause in Contracts

Termination of Shareholders Agreement. Effective at the Closing and ------------------------------------- without any further action on the part of any of the Corporation, Xxxxx Xxxxxxx or Seller, the Shareholders Agreement shall terminate and be of no further force and effect. It is understood and agreed that should the Closing not occur, the Shareholders Agreement will continue in effect in accordance with its terms.

Appears in 1 contract

Samples: Stock Redemption Agreement (Innotrac Corp)

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Termination of Shareholders Agreement. Effective at The Shareholders' Agreement -------------------------------------- shall be terminated effective as of the date of the Closing described below and ------------------------------------- without any further action on the part of any of the Corporation, Xxxxx Xxxxxxx or Seller, the Shareholders Agreement upon such termination shall terminate and be of no further force and or effect. It is understood and agreed that should the Closing not occur, the Shareholders Agreement will continue in effect in accordance with its terms.

Appears in 1 contract

Samples: Stock Purchase and Termination Agreement (Integrated Medical Systems Inc)

Termination of Shareholders Agreement. Effective at At and upon the Closing and ------------------------------------- without any further action on the part of any of the Corporation, Xxxxx Xxxxxxx or SellerClosing, the Shareholders Agreement shall terminate and be of no further force and or effect. It is understood and agreed that should the Closing not occur, the Shareholders Agreement will continue in effect in accordance with its terms.

Appears in 1 contract

Samples: Shareholders Agreement (American Medserve Corp)

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Termination of Shareholders Agreement. Effective at the Closing and ------------------------------------- without any further action on the part of any As of the Corporation, Xxxxx Xxxxxxx or SellerInitial Shares Closing Date, the Shareholders Shareholders' Agreement shall terminate and be of no further force and effect. It is understood and agreed that should the Closing not occur, the Shareholders Agreement will continue in effect in accordance with its terms.

Appears in 1 contract

Samples: Amended and Restated Agreement (Kansas City Power & Light Co)

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