Common use of Exercise of Termination Rights Clause in Contracts

Exercise of Termination Rights. (1) The Sellers shall be considered as a single party for the purposes of applying this Article 8. (2) In the event that the Sellers intend to exercise their termination right under this Article 8, the Sellers shall be entitled to do so only jointly and not individually.

Appears in 5 contracts

Sources: Share Purchase Agreement (K Wave Media Ltd.), Share Purchase Agreement (K Wave Media Ltd.), Share Purchase Agreement (K Wave Media Ltd.)

Exercise of Termination Rights. (1) The Sellers shall be considered as a single party for the purposes of applying this Article 8. (2) In the event that the Sellers intend to exercise their termination right under this Article 8, the Sellers shall be entitled to do so only jointly and not individually.. <Deleted>

Appears in 1 contract

Sources: Shareholder Agreements (K Wave Media Ltd.)