Termination or Modification of Certain Obligations Sample Clauses

Termination or Modification of Certain Obligations of the --------------------------------------------------------- Company. Upon consummation of the transactions contemplated at the Closing, (a) the Company's obligations under Sections 4.4 and 4.6 of the Securities Purchase Agreement, dated as of May 28, 1997 among SatCon, the Company and Duquesne shall terminate, (b) all of the rights of Duquesne under Section 12 of the Warrant issued to Duquesne on May 28, 1997 shall terminate and (c) all of the rights of Duquesne under the Registration Rights Agreement dated May 28, 1997 between the Company, SatCon and Duquesne relating to the Capital Stock of the Company, shall terminate and be replaced by the rights of Duquesne under the Registration Rights Statement attached hereto as Exhibit F. Effective as of the Closing, the --------- annual consulting fee payable to Duquesne pursuant to Section 3 of the Consulting Agreement dated as of May 28, 1997 between the Company and Duquesne shall be paid through the issuance of shares of the Company's Common Stock or Class A Preferred Stock with each such share having an agreed value of $2.50 for such purpose as provided in the Amendment Agreement of even date herewith between the Company and Duquesne.
Sample 1
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Related to Termination or Modification of Certain Obligations

  • Suspension of Certain Obligations The Company shall not be required to comply with the provisions of subsections (f), (g) or (h) of this Section 4 during any period from the time (i) the Agents shall have suspended solicitation of offers for the purchase of Notes in their capacity as agents pursuant to a request from the Company and (ii) no Agent shall then hold any Notes purchased from the Company as principal, as the case may be, until the time the Company shall determine that solicitation of offers for the purchase of Notes should be resumed or an Agent shall subsequently purchase Notes from the Company as principal.

  • Termination of Certain Agreements On and as of the Closing, the Company shall take all actions necessary to cause the Contracts listed on Schedule 6.04 to be terminated without any further force and effect and without any cost or other liability or obligation to the Company or any of its Subsidiaries, and there shall be no further obligations of any of the relevant parties thereunder following the Closing.

  • Assumption of Certain Obligations Buyer shall assume only those liabilities related to the Business or Assets which are referred to in Section 2.2(a) or are otherwise expressly assumed in this Agreement (the "Assumed Liabilities").

  • Termination of Certain Provisions 46 SECTION 7.14.

  • Modification of Certain Agreements The Borrower will not, and will not permit any of its Subsidiaries to, consent to any amendment, supplement, waiver or other modification of, or enter into any forbearance from exercising any rights with respect to the terms or provisions contained in,

  • Modification of Certain Documents No Group Member shall do any of the following:

  • Termination of Certain Covenants The covenants set forth in this Section 2 shall terminate and be of no further force or effect upon the earlier of: (i) the consummation of the sale of securities pursuant to a Qualifying IPO; or (ii) the first date upon which none of the Registrable Securities are outstanding.

  • Termination of Certain Contracts Purchaser shall have received evidence reasonably acceptable to Purchaser that the Contracts set forth on Schedule 10.3(e)(ix) involving any of the Target Companies and/or Sellers or other Related Persons shall have been terminated with no further obligation or Liability of the Target Companies thereunder.

  • RELEASE FROM GUARANTEES; REPAYMENT OF CERTAIN OBLIGATIONS TCI shall use reasonable efforts, including offering its own guarantee, to have the Stockholders released from any and all guarantees of the Company's indebtedness identified on Schedule 10.1. In the event that TCI cannot obtain such releases from the lenders of any such guaranteed indebtedness identified on Schedule 10.1 on or prior to 60 days subsequent to the Funding and Consummation Date, TCI shall promptly pay off or otherwise refinance or retire such indebtedness. TCI shall indemnify the Stockholders against, and shall promptly reimburse the Stockholders for, any amounts which the Stockholders are obligated to pay under any such guarantees listed on Schedule 10.1, and shall be subrogated to any rights of the Stockholders accruing as a result of any such payments by the Stockholders.

  • Termination of Certain Rights Any termination of this Lease pursuant to this Article 13 shall cause any right of the Lessee to extend the Term of this Lease, granted to the Lessee herein and any right of the Lessee to purchase the Leased Property contained in this Lease to be terminated and to be without further force or effect.

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