6Effect of Termination Clause Samples

6Effect of Termination. A. Return or Destroy Data Except as provided immediately below, upon termination of the Transportation Provider Subcontract for any reason whatsoever, the Transportation Provider shall, at the Broker’s option, either return or destroy all PI in any form in its possession, and the Transportation Provider shall not retain any copies of such data in any form. In no event shall the Transportation Provider destroy any PI without first obtaining the Broker’s approval. In the event destruction is permitted, the Transportation Provider shall destroy PI in accord with standards set forth in NIST Special Publication 800-88 Guidelines for Media Sanitization, all applicable state retention laws, all applicable state and federal security and privacy laws and regulations (including the Privacy and Security rules), and all state data security policies including policies issued by EOHHS and the Information Technology Division. All paper copies of PI must be shredded or otherwise destroyed to a degree that will render the copies unreadable, un-usable and indecipherable without the possibility of reconstruction. Within five (5) days of any permitted destruction, the Transportation Provider shall provide the Broker with a written certification that destruction has been completed in accord with the required standards and that the Transportation Provider and its Subcontractors no longer retain such data or copies of such data. This provision shall also apply to all PI in the possession of the Transportation Provider’s Subcontractors, and the Transportation Provider shall ensure that all such data in the possession of its Subcontractors has been returned or destroyed and that no Subcontractor retains any copies of such data in any form, in accord with the Broker’s instructions. B. Transfer Data Notwithstanding subsection A immediately above, Transportation Provider shall, at the Broker’s option upon termination of the Transportation Provider Subcontract for any reason whatsoever, transfer all PI in any form in its possession, or some portion thereof, to a third party identified by the Broker. Such transfer shall proceed in accord with all applicable security standards for transfer of PI set forth in this Section 9 and any other transfer directions provided by the Broker at the time. Within five (5) days of any requested transfer, the Transportation Provider shall provide the Broker with a written certification that the transfer was successfully completed. To the extent that the...

6Effect of Termination. On the effective date of the termination of all Commitments, the Obligations shall be immediately due and payable, and each Secured Bank Product Provider may terminate its Bank Products. Until Full Payment of the Obligations, all undertakings of Borrowers contained in the Loan Documents shall continue, and Agent shall retain its Liens in the Collateral and all of its rights and remedies under the Loan Documents. Agent shall not be required to terminate its Liens unless it receives Cash Collateral or a written agreement, in each case satisfactory to it, protecting Agent and Lenders from dishonor or return of any Payment Item previously applied to the Obligations. Sections 2.2, 3.4, 3.6, 3.7, 3.9, 5.4, 5.8, 5.9, 12, 14.2, this Section 4.6, and each indemnity or waiver given by an Obligor or Lender in any Loan Document, shall survive Full Payment of the Obligations.

6Effect of Termination. On the effective date of the termination of all Commitments, the Obligations shall be immediately due and payable, and each Secured Bank Product Provider may terminate its Bank Products. Until Full Payment of the Obligations, all undertakings of Obligors contained in the Loan Documents shall continue, and Agent shall retain its Liens in the Collateral and all of its rights and remedies under the Loan Documents. Agent shall not be required to terminate its Liens unless it receives Cash Collateral or a written agreement, in each case satisfactory to it, protecting Agent and Lenders from dishonor or return of any Payment Item previously applied to the Obligations. Sections 2.2, 3.4, 3.6, 3.7, 3.9, 4.1.3(c), 5.4, 5.8, 5.9, Section 12, 14.2, this Section, and each indemnity or waiver given by an Obligor or Lender in any Loan Document, shall survive any assignment by Agent, Issuing Bank or any Lender of rights or obligations hereunder, termination of any Commitment, and any repayment, satisfaction, discharge or Full Payment of any Obligations. ​

6Effect of Termination. In the event of the termination of this Agreement, this Agreement shall be terminated and have no further effect, and there shall be no Liability hereunder on the part of Seller, Purchaser or any of their respective Affiliates, except that Section 6.2, Section 6.9, Section 8.6, Section 8.7, Section 8.8 and ARTICLE 9 shall survive any termination of this Agreement. Nothing in this Section 8.6 shall relieve either Party of Liability for common law fraud, willful misconduct, intentional misrepresentation or any breach of this Agreement prior to the termination hereof. ​ ​ ​

6Effect of Termination. No termination pursuant to any of Sections 6.1, 6.2, 6.3, 6.4, or 6.5 hereof shall relieve any of the parties (or the Permitted Transferee, if any) for liability for breach of or default under any of their respective obligations or restrictions under any terminated provision of this Agreement, which breach or default arose out of events or circumstances occurring or existing prior to the date of such termination.

6Effect of Termination. The termination of this Agreement shall automatically terminate any and all Collaboration Plans, unless otherwise expressly agreed in writing by the Parties. The terms of this Agreement shall remain in force with respect to any Collaboration Plan which is not terminated. Upon termination of this Agreement or a Collaboration Plan pursuant to this Section 11, the Parties shall reasonably cooperate with each other to provide for an orderly wind-down of the Collaboration Activities. Termination of this Agreement or a Collaboration Plan shall not affect the rights and obligations of the Parties that accrued prior to termination. The following Sections survive the termination and expiration of this Agreement: Sections 3 (solely with respect to amounts accrued but not yet paid prior to termination or expiration), 4.2 (solely for the time period set forth therein), 5, 6 (solely for the time period set forth therein), 7, 10, 11, 12.6, and 13.

6Effect of Termination. Upon termination, expiration or cancellation of this Agreement for any reason (a “Termination”): (a) Subject to Section VI.15 and Section V.5(b) below, upon Expiration Date or date of effective Termination of this Agreement, the provisions of this Agreement shall cease to be effective and all the rights granted in this Agreement that can be terminated, including, without limitation, the License set forth in Section I.4, shall become null and void as of the Termination Date, and RA shall discontinue all use and production of the Licensed Property, the Labels and the Packaging, but such Termination shall not affect any obligation or liability incurred by either Party prior to the Termination Date, including RA’s obligation to Manufacture, produce, Package, Label, and Distribute, orders outstanding on the Termination Date as if the Agreement had not been terminated. (b) Following a Termination, RA shall have the right to sell any inventory of Branded Products remaining in RA’s possession to retailers and consumers, and PW, RS and PI shall have the right to receive the applicable royalty payments for such inventory sold.

6Effect of Termination. Upon termination of employment for any reason, Executive shall no longer be entitled to participation in any benefits programs, including the period when severance is payable under the Agreement, except as otherwise specified hereunder.

6Effect of Termination. In the event of termination of this Agreement for any reason, Hospital shall notify Bank that it will not guaranty additional draws under the line of credit. Termination of this Agreement pursuant to Section 6.2, 6.3, 6.4 or 6.5 shall terminate Physician’s right to forgiveness pursuant to Section 3.2 and Hospital’s repayment obligation pursuant to Section 5.1. Within thirty (30) days of the termination date, Physician shall repay Hospital any sums paid and not yet forgiven pursuant to Section 3.2. This Agreement shall otherwise survive for purposes of enforcing any payment obligations or remaining duties and/or other obligations of the respective parties subsequent to termination of this Agreement.