Common use of Effect and Termination Clause in Contracts

Effect and Termination. 10.1 This Agreement shall come into effect on and after the date that it is signed and/or stamped by all parties. 10.2 In any of the following circumstances, this Agreement shall be terminated: 10.2.1 where, during the Exercise Period, all parties reach an agreement to terminate this Agreement; 10.2.2 where, during the Exercise Period, Party A notifies the other parties thirty (30) days in advance to terminate this Agreement; in such circumstance, Party A shall not assume any liabilities as arising out of and in relation thereto; 10.2.3 at the expiration of the Exercise Period provided; however, Party A may extend the Exercise Period and this Agreement in its sole discretion; or 10.2.4 upon the unanimous agreement by all parties. 10.3 Section 7 regarding confidentiality and Section 12 regarding indemnification shall survive the termination of this Agreement.

Appears in 4 contracts

Sources: Exclusive Purchase Option Agreement, Exclusive Purchase Option Agreement (Adamant Dri Processing & Minerals Group), Exclusive Purchase Option Agreement (UHF Inc)

Effect and Termination. 10.1 This Agreement shall come into effect on and after the date that it is signed and/or stamped by all parties. 10.2 In any of the following circumstances, this Agreement shall be terminated: 10.2.1 where, during the Exercise Period, all parties reach an agreement to terminate this Agreement; 10.2.2 where, during the Exercise Period, Party A notifies the other parties thirty (30) days in advance to terminate this Agreement; in such circumstance, Party A shall not assume any liabilities as arising out of and in relation thereto; 10.2.3 at the expiration of the Exercise Period provided; however, Party A may extend the Exercise Period and this Agreement in its sole discretion; or 10.2.4 upon the unanimous agreement by all parties. 10.3 Section 7 Section7 regarding confidentiality and Section 12 regarding indemnification shall survive the termination of this Agreement.

Appears in 4 contracts

Sources: Exclusive Purchase Option Agreement (Bison Petroleum, Corp.), Exclusive Purchase Option Agreement (Bison Petroleum, Corp.), Exclusive Purchase Option Agreement (Bison Petroleum, Corp.)

Effect and Termination. 10.1 This Agreement shall come into effect on and after the date that it is signed and/or stamped by all parties. 10.2 In any of the following circumstances, this Agreement shall be terminated: 10.2.1 where, during the Exercise Period, all parties reach an agreement to terminate this Agreement; 10.2.2 where, during the Exercise Period, Party A notifies the other parties thirty (30) days in advance to terminate this Agreement; in such circumstance, Party A shall not assume any liabilities as arising out of and in relation thereto; 10.2.3 at the expiration of the Exercise Period provided; however, Party A may extend the Exercise Period and this Agreement in its sole discretion; or 10.2.4 upon the unanimous agreement by all parties. . 10.3 Section 7 Section7 regarding confidentiality and Section 12 regarding indemnification shall survive the termination of this Agreement.

Appears in 2 contracts

Sources: Exclusive Purchase Option Agreement (Bison Petroleum, Corp.), Exclusive Purchase Option Agreement (Bison Petroleum, Corp.)

Effect and Termination. 10.1 This Agreement shall come into effect on and after the date that it is signed and/or stamped by all parties. 10.2 In any of the following circumstances, this Agreement shall be terminated: 10.2.1 where, during the Exercise Period, all parties reach an agreement to terminate this Agreement; 10.2.2 where, during the Exercise Period, Party A notifies the other parties thirty (30) days in advance to terminate this Agreement; in such circumstance, Party A shall not assume any liabilities as arising out of and in relation thereto; 10.2.3 at the expiration of the Exercise Period provided; however, Party A may extend the Exercise Period and this Agreement in its sole discretion; or 10.2.4 upon the unanimous agreement by all parties. 10.3 Section 7 regarding confidentiality and Section 12 regarding indemnification shall survive the termination of this Agreement.

Appears in 2 contracts

Sources: Exclusive Purchase Option Agreement (Bison Petroleum, Corp.), Exclusive Purchase Option Agreement (Bison Petroleum, Corp.)

Effect and Termination. 10.1 This Agreement shall come into effect on and after the date that it is signed and/or stamped by all parties. . 10.2 In any of the following circumstances, this Agreement shall be terminated: 10.2.1 where, during the Exercise Period, all parties reach an agreement to terminate this Agreement; 10.2.2 where, during the Exercise Period, Party A notifies the other parties thirty (30) days in advance to terminate this Agreement; in such circumstance, Party A shall not assume any liabilities as arising out of and in relation thereto; 10.2.3 at the expiration of the Exercise Period provided; however, Party A may extend the Exercise Period and this Agreement in its sole discretion; or 10.2.4 upon the unanimous agreement by all parties. 10.3 Section 7 regarding confidentiality and Section 12 regarding indemnification shall survive the termination of this Agreement.

Appears in 2 contracts

Sources: Exclusive Purchase Option Agreement (Bison Petroleum, Corp.), Exclusive Purchase Option Agreement (Bison Petroleum, Corp.)