No Further Right or Obligation Sample Clauses

The "No Further Right or Obligation" clause establishes that, after a certain event or upon the fulfillment of specified conditions, neither party has any additional rights or responsibilities under the agreement beyond those expressly stated. In practice, this means that once the contract is terminated or a particular obligation is completed, the parties cannot claim further benefits or be held to further duties related to the contract. This clause serves to clearly define the endpoint of contractual obligations, preventing ongoing or unexpected liabilities and ensuring both parties understand when their commitments have ended.
No Further Right or Obligation. Except as expressly provided in this Article 4, Section 1.5 and Section 5.3, and except for any liability for its own breach of any representation or warranty made herein, neither party shall have any right or obligation hereunder from and after the Closing; in particular, Seller shall not have any right or obligation to sell to Purchaser, and Purchaser shall not have any right or obligation to purchase from Seller, to vote or to receive dividends on any Shares (including the Excess Shares) of Common Stock owned or hereafter acquired by Seller or any right or interest therein.
View SourceView Similar (10)
No Further Right or Obligation. At such time as EnCap’s Remaining Commitment is zero dollars ($0.00), EnCap shall have no further right or obligation to make Commitment Contributions to the Company.
View Source

Related to No Further Right or Obligation

  • No Further Rights After payment of the full amount of the liquidating distributions to which they are entitled, the holders of Series B Preferred Units will have no right or claim to any of the remaining assets of the Partnership.

  • No Further Obligation Except for the obligation to make the Capital Contribution required to be made by Section 4.1, the Member shall not have any obligation to provide funds to the Company, whether by Capital Contributions, loans, return of monies received pursuant to the terms of this Agreement or otherwise.

  • No Further Obligations Except as expressly provided above or as otherwise required by law, the Company will have no obligations to Employee in the event of the termination of this Agreement for any reason.

  • No Further Claims (a) The parties bound by this agreement acknowledge that this Agreement settles all claims in relation to the terms and conditions of employment of the employees to whom it applies and agree that they will not pursue any extra claims during the term of this Agreement. (b) Subject to an employer meeting its obligations to consult arising under this Agreement or a contract of employment, it is not the intent of this provision to inhibit, limit or restrict an employer’s right or ability to introduce change at the workplace.

  • No Further Encumbrances a. After the effective date of this contract, the Government agrees not to enter into any agreements or cause any matter to be recorded that may constitute an exception to the title of the property or be binding on the Buyer after the closing date, without the prior written consent of the Buyer, which the Buyer may withhold at his/her/its own discretion. b. The Government further agrees not to authorize any person(s), or entity (or entities) to occupy the property without the written consent of the Buyer.