Termination of the Original Agreement. The Parties agree that the Original Agreement is replaced by this Agreement in its entirety, and Party A to this Agreement shall replace the Party A to the Original Agreement (which is Party D to this Agreement) to provide consulting and related services to Party B and Party C, which services shall also be accepted by Party B and Party C. The Original Agreement shall be terminated upon signature of this Agreement by the Parties.
Termination of the Original Agreement. Notwithstanding anything to the contrary in the Original Agreement, the Parties hereby agree that the Original Agreement shall terminate and be of no further force and effect as of 11:59 pm Eastern on December 31, 2015, except with respect to the obligation to make any payments remaining to be made as of such date.
Termination of the Original Agreement. The Parties agree that the Original Agreement is replaced by this Agreement in its entirety, and Party B’s grant of an exclusive option to purchase all or any part of the equity interests/assets of Party C held by one or all constituent persons of Party B subject to PRC laws shall be governed by this Agreement. The Original Agreement shall be terminated upon signature of this Agreement by the Parties.
Termination of the Original Agreement. The Original Agreement be and is terminated as of the Termination Agreement Effective Date (as defined hereinafter), with the parties having no further rights, duties, or obligations with respect thereto.
Termination of the Original Agreement. The Original Agreement is terminated and superseded by this Agreement when this Agreement becomes effective.
Termination of the Original Agreement. Subject to Section 2.2, as of the Effective Date, (a) the Original Agreement is hereby terminated immediately and in its entirety (including, unless otherwise expressly specified in Section 2.2, those provisions stated in the Original Agreement to survive termination), (b) the Original Agreement shall have no further force or effect, (c) all rights and obligations of CTI and Baxalta under the Original Agreement shall cease and terminate immediately, and (d) all Licensed Rights shall revert to CTI without any compensation to be paid by CTI, except as otherwise expressly set forth herein. For the avoidance of doubt, the Original Agreement is not being terminated pursuant to Section 15.2 thereof and, therefore, without limiting any provisions expressly set forth in this Agreement, the provisions of Section 15.3 of the Original Agreement are not applicable to the termination of the Original Agreement pursuant to this Agreement. For the further avoidance of doubt, pursuant to this Agreement, Baxalta shall not have the right to use any of the Licensed Rights.
Termination of the Original Agreement. The parties agree that the Original Agreement is terminated in its entirety as of the Effective Date. This Agreement supersedes all terms and conditions of the Original Agreement.
Termination of the Original Agreement. The Original Agreement is hereby terminated as of the date of execution of this Agreement, provided that to the extent that the Original Agreement provides broader indemnification rights than this Agreement, such Original Agreement shall remain effective, enforceable and applicable to any Proceedings with respect to which a claim for indemnification or a request for advancement of expenses has been submitted to the Company prior to the date hereof, and provided further that any such claim or request shall also be deemed to be a claim or request of Indemnitee under this Agreement and shall have full force and effect as if it had been made under Section 4 or 5 hereof, as applicable, and no additional action with respect thereto shall be required or requested of Indemnitee in connection therewith.
Termination of the Original Agreement. 2.1 In consideration of the mutual covenants and agreements contained in this Agreement and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the Parties agree to terminate, with effect from the date of this Agreement, the Original Agreement, including all rights, powers, authorities, obligations and liabilities arising under the Original Agreement, save as expressly provided in this Agreement.
Termination of the Original Agreement. Upon execution of this agreement by both parties, the Financial Leasing Agreement shall be terminated. The ownership of Zhonggang waste heat power generation project and assets shall be transferred to Party A.
