Termination of the Stockholders Agreement. Upon the consummation of the Qualified Public Offering planned by the Company, the Stockholders Agreement shall terminate and have no further force or effect.
Termination of the Stockholders Agreement. The Stockholders Agreement and the rights and obligations of the parties thereto and the Liens arising thereunder shall have been fully released and terminated immediately prior to the Closing without any Liability to the Purchaser Parties, and the Purchaser Parties shall have received a termination agreement or other evidence or termination and release in form and substance reasonably acceptable to the Purchaser Parties.
Termination of the Stockholders Agreement. The Stockholders' Agreement is hereby terminated in its entirety. From and after the date hereof, all rights and obligations of each party to the Stockholders' Agreement shall be terminated without further action by any party and the Stockholders' Agreement shall have no further force or effect.
Termination of the Stockholders Agreement. Sellers and Purchaser agree to take all necessary actions, if any, to terminate the Stockholders Agreement, dated September 3, 2004, by and among Sellers and Purchaser at Closing.
Termination of the Stockholders Agreement. In consideration for entering into the Registration Rights Agreement, dated February 10, 2010 with Holdings, the Company, Xxxxxx Capital Corporation, GPC Holdings, L.P., and Blackstone (the “Registration Rights Agreement”), the parties hereto hereby agree that as of such date the Stockholder’s Agreement shall terminate and be of no further force and effect with respect to MidOcean.
Termination of the Stockholders Agreement. Except as otherwise provided ----------------------------------------- in this Section 3.2, effective as of the Closing Date, the Stockholders Agreement previously made between IFX Corporation and The Park Trust in relation to the Company shall be terminated and of no further force or effect whatsoever.
Termination of the Stockholders Agreement. At or prior to the Closing, the Major Company Stockholders and the Company shall cause the current Stockholders’ Agreement to be terminated; provided, that each of Sections 6.7 and 8.2 and Article VIII thereunder shall survive in accordance with their terms set forth therein to the maximum extent permitted under Law.
Termination of the Stockholders Agreement. The Stockholders’ Agreement will terminate upon the occurrence of any of the following: • the voluntary written agreement of all of the parties to the Stockholders’ Agreement; • in the event the Company is dissolved or enters bankruptcy proceedings; • an Initial Public Offering (as defined in the Stockholders’ Agreement); • there being only one equitable owner of all the issued and outstanding shares of shares of Stock; or • a merger, consolidation or share exchange if the Company is not the surviving or successor corporation. INVESTOR SUITABILITY STANDARDS A purchase of the Shares involves a high degree of risk and is suitable only for persons of substantial financial means who have no need for liquidity and can afford to lose his, her or its entire investment. The Shares have not been registered for sale under the Securities Act or applicable state securities laws in reliance upon certain exemptions from the registration requirements thereof and thus will not be available for public resale unless the Company makes a public offering of its securities, as to which no assurance can be given. The Shares will be offered and sold only to qualified purchasers who are “accredited investors” as that term is defined in Rule 501 of Regulation D promulgated under the Securities Act. These standards require that before any sale of Shares can be made by the Company, the Company must have evidence that each investor has knowledge and experience in financial and business matters such that he, she or it is capable of evaluating the merits and risks of the prospective investment. The Company will make reasonable inquiry to determine that each investor is acquiring the securities for his, her or its own account and not with a view to resale and will take appropriate steps to preclude a disposition of the securities to ensure that the investor is not an “underwriter” within the meaning of Section 2(11) of the Securities Act. Each investor will be required to execute a Subscription Agreement and other documents to evidence his, her or its investment intent. The suitability standards referred to above represent minimum suitability requirements for prospective investors, and the satisfaction of such standards by a prospective investor does not necessarily mean the Shares are a suitable investment for such investor. Accredited investors include the following:
Termination of the Stockholders Agreement. The Company and the Key Holders listed on the signature pages hereto hereby irrevocably terminate and cancel the Stockholders Agreement as of the Effective Date pursuant to Section 6.8 thereof. As of the Effective Date, the Stockholders Agreement shall be null and void and of no further force and effect and the Company and all Stockholders are relieved of any and all further obligations that they may have under the Stockholders Agreement.
Termination of the Stockholders Agreement. The Stockholders’ Agreement is hereby terminated in all respects.
