Exit Fee Agreement definition
Examples of Exit Fee Agreement in a sentence
This Exit Fee Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, is an original, and all taken together, constitute one Exit Fee Agreement.
Each provision of this Exit Fee Agreement is severable from every other provision in determining the enforceability of any provision.
Delivery of an executed counterpart of a signature page of this Exit Fee Agreement by facsimile, portable document format (.pdf) or other electronic transmission will be as effective as delivery of a manually executed counterpart hereof.
Each Lender may assign this Exit Fee Agreement solely in connection with, and subject to the terms of, an assignment or transfer made pursuant to the terms of Section 12.1 of the Loan Agreement.
Each Lender may assign this Exit Fee Agreement solely in connection with, and subject to the terms of, an assignment or transfer made pursuant to the terms of Section 12.1 of the Loan Agreement, which shall govern such an assignment or transfer even if the Loan Agreement has previously been terminated.
For the avoidance of doubt, this Exit Fee Agreement shall survive the termination of the Loan Agreement or any other Loan Document.
IP includes software code developed during the process of working on the Web Project.
This Exit Fee Agreement shall be binding on Borrower and its respective successors and assigns and shall terminate upon the earlier to occur of (a) payment in full of the Maximum Exit Fee pursuant to the terms of this Exit Fee Agreement, or (b) on the tenth (10th) anniversary of the Effective Date.
The Exit Fee shall be considered fully earned on the Effective Date, subject to the terms of this Exit Fee Agreement.
This Exit Fee Agreement may be amended or modified only pursuant to the terms of Section 12.5 of the Loan Agreement.