Common use of Effect on TRA Clause in Contracts

Effect on TRA. The TRA Holders and the Company acknowledge and agree that, except for Section 7.4 (Governing Law) and Section 7.13 (Confidentiality) of the TRA (the “Surviving TRA Terms”), the TRA (including any rights or obligations relating to any “Early Termination Payment” as defined and contemplated therein) shall be terminated as of the date hereof, and no party thereto shall have any further liability or obligations thereunder or with respect thereto other than those with respect to the Surviving TRA Terms and the obligations set forth in this Agreement.

Appears in 3 contracts

Sources: Tax Receivable Termination and Settlement Agreement (Bayou Well Holdings Company, LLC), Tax Receivable Termination and Settlement Agreement (Ranger Energy Services, Inc.), Tax Receivable Termination and Settlement Agreement (Leykum Charles S.)