Termination Upon Consummation of the Restructuring Clause Samples
The 'Termination Upon Consummation of the Restructuring' clause defines that the agreement will automatically end once the restructuring process has been successfully completed. In practice, this means that all obligations, rights, and responsibilities outlined in the agreement cease to be in effect at the moment the restructuring is finalized, such as when a reorganization plan is implemented or a transaction closes. This clause ensures that the agreement does not continue unnecessarily after its main purpose has been fulfilled, providing a clear endpoint and preventing ongoing obligations once the restructuring objectives are achieved.
Termination Upon Consummation of the Restructuring. This Agreement shall terminate automatically without any further required action or notice on, as applicable, the Plan Effective Date.
Termination Upon Consummation of the Restructuring. This Agreement will terminate automatically upon the consummation of the Restructuring contemplated by this Agreement, including the Plan Effective Date.
Termination Upon Consummation of the Restructuring. This RSA shall terminate automatically without any further required action or notice upon the occurrence of the Plan Effective Date.