Release and Termination. In the event the Benefited Parties permanently cease conducting the Protected Business, the Restricted Party shall be released from this Agreement and this Agreement shall terminate.
Appears in 4 contracts
Sources: Stock Exchange Agreement (INTEGRATED FREIGHT Corp), Stock Exchange Agreement (INTEGRATED FREIGHT Corp), Stock Exchange Agreement (Integrated Freight Systems, Inc.)
Release and Termination. In the event the Benefited Parties default in payment of monies due Restricted Party under the Stock Exchange Agreement pursuant to which this Agreement is executed, or in the event the Benefited Parties permanently cease conducting the Protected Business, the Restricted Party shall be released from this Agreement and this Agreement shall terminate.
Appears in 1 contract
Release and Termination. In the event the Benefited Parties permanently cease conducting the Protected Business, the Restricted Party Parties shall be released from this Agreement and this Agreement shall terminate.
Appears in 1 contract