Common use of Termination of the Ancillary Agreements Clause in Contracts

Termination of the Ancillary Agreements. The Parties acknowledge and agree that, effectively immediately, each of the Ancillary Agreements, with the exception of the Confidentiality Agreement, shall be automatically terminated without further action on the part of the parties thereto and none of the provisions thereof shall be of any further force or effect, including provisions thereof, as the case may be, that by their terms would otherwise have survived such termination.

Appears in 2 contracts

Samples: Termination and Release Agreement (Highland Transcend Partners I Corp.), Termination and Release Agreement (RedBall Acquisition Corp.)

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Termination of the Ancillary Agreements. The Parties acknowledge and agree that, effectively immediatelyeffective as of the Effective Date, each of the Ancillary Agreements, with Agreements that have been entered into prior to the exception of date hereof (other than the Confidentiality Agreement, ) shall be automatically terminated without further action on the part of the parties thereto and none of the provisions thereof shall be of any further force or effect, including provisions thereof, as the case may be, that by their terms would otherwise have survived such termination.

Appears in 1 contract

Samples: Termination Agreement (Good Works II Acquisition Corp.)

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Termination of the Ancillary Agreements. The Parties acknowledge and agree that, effectively immediately, each of the Ancillary Agreements, with the exception of the Confidentiality Agreement, shall be automatically terminated without further action on the part of the parties thereto and none of the provisions thereof shall be of any further force or effect, including including, without limitation, provisions thereof, as the case may be, that by their terms would otherwise have survived such termination.

Appears in 1 contract

Samples: Termination and Release Agreement (ACE Convergence Acquisition Corp.)

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