Common use of Replace and Supersede Clause in Contracts

Replace and Supersede. This Agreement replaces and supersedes the Original Management Agreement and all prior agreements as to its subject matter as of the Effective Date. From and after the Effective Date, the parties’ rights and obligations shall be governed by the terms and provisions of this Agreement. Prior to the Effective Date, the parties’ rights and obligations shall continue to be governed by the terms and provisions of the Original Management Agreement. For the avoidance of doubt, termination of the Original Management Agreement shall not result in any termination fees.

Replace and Supersede. This Agreement replaces and supersedes the Original Management Agreement and all prior agreements as to its subject matter as of the Effective Date. From and after the Effective Date, the parties’ rights and obligations shall be governed by the terms and provisions of this Agreement. Prior to the Effective Date, the parties’ rights and obligations shall continue to be governed by the terms and provisions of the Original Management Agreement. For the avoidance of doubt, termination of the Original Management Agreement shall not result in any termination fees.