Disaffiliation Agreement definition

Disaffiliation Agreement means the Disaffiliation Agreement dated as of the date hereof by and among the Significant Stockholder, the Company, certain Subsidiaries of the Company and Parent.
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Examples of Disaffiliation Agreement in a sentence

  • This Disaffiliation Agreement must be “ratified by a simple majority of the members .

  • Should the Local Church fail to satisfy all of its obligations set forth herein by December 31, 2023, this Disaffiliation Agreement shall be null and void.

  • This Disaffiliation Agreement shall be governed and construed and interpreted in accordance with the laws of the State of North Carolina, excepting only its conflict of laws principles.

  • Subject to the satisfaction or appropriate waiver of all conditions set forth in this Disaffiliation Agreement, the Closing of the transactions contemplated shall be effective as of the Disaffiliation Date.

  • Except as otherwise provided in this Disaffiliation Agreement, the rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law.

  • Such documentation must be certified by an authorized officer of Local Church and shall be included as an Exhibit A to this Disaffiliation Agreement.

  • Should either of the above conditions not occur, this Disaffiliation Agreement shall immediately become null and void.

  • This Disaffiliation Agreement has been duly and validly executed and delivered by Local Church, and constitutes, and each of the other agreements to be executed pursuant to the terms hereof and upon execution and delivery will constitute, legal, valid and binding obligations of the Local Church, enforceable in accordance with their terms.

  • This Disaffiliation Agreement may be executed in one or more counterparts (and by facsimile or portable document format (pdf) transmission), each of which shall be deemed an original, but all of which together shall constitute one and the same document.

  • This Disaffiliation Agreement shall inure to the benefit of and be binding upon the Parties hereto and their respective permitted successors and assigns; provided, however, that nothing in this Disaffiliation Agreement shall be construed to confer any rights, remedies, obligations or liabilities on any person other than the Parties hereto or their respective successors and permitted assigns.