Examples of Termination Agreement in a sentence
Pursuant to the Termination Agreement, the parties to the Agreement agreed to terminate the Agreement with immediate effect and release and discharge all obligations of both parties under the Agreement and the parties to the Agreement further undertake that they will not take action against each other under the Agreement.
As the parties to the Agreement cannot reach consensus in further negotiations in respect of the Agreement, after arm’s length negotiations, the parties to the Agreement agreed to terminate the Agreement in relation to the Proposed Acquisition and had on 18 May 2012 entered into the Termination Agreement to terminate the Agreement with immediate effect.
Pursuant to the Termination Agreement, each of the Agreements shall terminate with immediate effect.
Upon the satisfaction of all Parties’ obligations under this Wind-Down and Termination Agreement, both the Amended JETSB Agreement and the Dispatch Agreement shall be considered terminated and of no further force and effect.
This Termination Agreement contains the complete agreement between the parties hereto with respect to the matters covered herein and supersedes all prior agreements and understandings between the parties hereto with respect to such matters.