No Continuing Obligation Clause Samples
The No Continuing Obligation clause establishes that, once a contract or agreement ends, neither party is required to fulfill any further duties or obligations under that contract. In practice, this means that after termination or expiration, the parties are released from ongoing responsibilities such as providing services, making payments, or maintaining confidentiality, unless otherwise specified in the agreement. This clause serves to clearly define the endpoint of contractual responsibilities, preventing misunderstandings or disputes about lingering obligations after the contract concludes.
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No Continuing Obligation. Nothing herein shall be construed or interpreted to impose on Buyer any obligation for the continuation of employment of any Transferred Employee for any period of time following the Closing or limitation on its ability to modify any compensation or benefits provided to any Transferred Employee beyond the terms of their Employment Agreement.
No Continuing Obligation. From and after the Closing, neither the Company nor any Subsidiary of the Company shall have any liability or obligation to the Seller or any of its Affiliates with respect to any management fee or expense reimbursement, except as specifically contemplated by this Agreement.
No Continuing Obligation. Once the legal work is complete, we have no obligation to inform you of future developments relative to legal work performed hereunder. We advise that you periodically consult with an attorney with regard to any such future developments or if there is a significant change in your circumstances.
No Continuing Obligation. Subject to Buyer's obligations pursuant to Section 9.3 below, this Agreement (a) shall not require Buyer, Holdco or any of their respective subsidiaries to employ any Employee on or after the Closing Date or (b) constitute a guarantee of continuing employment to any Transferred Employee.
No Continuing Obligation. After our initial suitability assessment we shall not be responsible for reviewing on an ongoing basis the suitability or appropriateness of any product, service or transaction we have provided to or conducted with you.
No Continuing Obligation. Employee acknowledges and agrees that this Agreement does not grant Employee the right to continue as an employee of Company as an executive or in any other capacity.
No Continuing Obligation. From and after the date hereof, all rights of the Sellers with respect to the Series H Preferred Stock being sold hereunder shall cease with respect to such Series H Preferred Stock, and such Series H Preferred Stock shall not thereafter be transferred on the books of the Company or be deemed to be outstanding for any purpose whatsoever.
No Continuing Obligation. Once an applicant qualifies as an Income Eligible Buyer and closes on the Residential Unit, any future changes in income and net assets or household size shall have no force or effect upon the Owner’s continued ownership of the Property. Any natural persons who are deemed by CLT, in its sole discretion, to meet the foregoing described requirements for either an “Employee of Lessor” and/or an “Income Eligible Buyer” shall be referred to herein as a “Qualified Buyer” and upon the purchase of the Residential Unit, the “Owner”.
No Continuing Obligation. Nothing herein shall be construed to place upon the Company a continuing obligation to retain Consultant. Consultant acknowledges and agrees that other than termination for Cause, his affiliation with the Company may be terminated at any time, by the Company upon 90 days prior written notice.
No Continuing Obligation. Purchaser shall have no obligation to assume or continue any benefits under any Employee Benefit Plan. Purchaser shall have no obligation to provide the same or similar benefits on account of any period prior to Closing. Purchaser's sole obligation with respect to benefits is to make the Initial Plan Payment.