Requirements and Effect of Termination Sample Clauses

The "Requirements and Effect of Termination" clause defines the conditions that must be met for a contract to be terminated and outlines the consequences that follow such termination. Typically, this clause specifies the notice period required, any obligations that survive termination (such as confidentiality or payment of outstanding amounts), and the process for returning property or information. Its core practical function is to ensure both parties understand their rights and responsibilities when the contract ends, thereby reducing disputes and providing a clear roadmap for winding down the contractual relationship.
Requirements and Effect of Termination. Upon any termination of this -------------------------------------- Agreement pursuant to any of SECTIONS 11.1 through 11.5, no party hereto shall have any liability or further obligation to any other party, except to the extent provided in Sections 8.8 and 8.15.
View SourceView Similar (3)
Requirements and Effect of Termination. In the event of -------------------------------------- termination and abandonment by any of the parties hereto pursuant to Section 12.1 hereof, written notice thereof shall forthwith be given to the other parties hereto; provided, however, that the provisions of Sections 15.4 and 15.6 shall continue in full force and effect notwithstanding a waiver of any cause of action which any party hereto might have against any other party hereto for breach of any provision hereof.
View SourceView Similar (2)
Requirements and Effect of Termination. In the event of the termination and abandonment of this Agreement by any party to this Agreement, pursuant to Section 11.1, written notice thereof shall forthwith be given to the other parties to this Agreement. Notwithstanding any such termination: (i) the provisions of Sections 13.7, 13.9, 13.10 and 13.11 hereof shall continue in full force and effect; and (ii) nothing herein shall relieve any party from liability for any willful breach hereof.
View SourceView Similar (2)
Requirements and Effect of Termination. Upon any termination of this Agreement pursuant to Section 11.1, no party hereto shall have any liability or further obligation to the other party except (i) for repayment of the EMS Loan, (ii) to the extent provided in Sections 7.7 and 7.8, and (iii) to the extent that such termination is based upon a breach of any representation, warranty, covenant or agreement of a party. In addition, EMS shall thereafter be obligated to license, on a non-exclusive basis without right to transfer or sublicense, the EMS IP Rights for use by NetSat in Ka-band satellite applications, subject to payment by NetSat of commercially reasonable royalties and execution by NetSat of a commercially reasonable license agreement.
View Source
Requirements and Effect of Termination. In the event of -------------------------------------- termination and abandonment by the General Partners of ▇▇▇▇▇▇▇ or by the Board of Directors of BANCFIRST, or both, pursuant to Section 9.01, written notice ------------ thereof shall forthwith be given to the other party, and no party hereto shall have any liability or further obligation to the other party to this Agreement, except as provided in the last sentence of Section 5.01, unless such termination ------------ results from a material breach of this Agreement or misrepresentation when made of a material fact represented herein or any schedule or certificate delivered pursuant thereto.
View Source

Related to Requirements and Effect of Termination

  • Termination and Effect of Termination This Agreement shall terminate upon the date on which no Holder holds any Registrable Securities, except for the provisions of Sections 3.9 and 3.10, which shall survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights pursuant to Section 3.9 hereof shall retain such indemnification rights with respect to any matter that (i) may be an indemnified liability thereunder and (ii) occurred prior to such termination.

  • Procedure and Effect of Termination In the event of termination of this Agreement by a party hereto pursuant to Section 9.1, written notice thereof shall forthwith be given by the terminating party to the other parties hereto, and this Agreement shall thereupon terminate and become void and have no effect, and the transactions contemplated hereby shall be abandoned without further action by the parties hereto, except that the provisions of Sections 6.1(b), 6.6 and 10.5 shall survive the termination of this Agreement; PROVIDED, HOWEVER, that such termination shall not relieve any party hereto of any liability for any breach of this Agreement (other than nonwillful breaches of representations, warranties and covenants, as to which no party shall be liable hereunder).

  • Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • 6Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • Effect of Termination of Agreement Upon the Termination Date or the Expiration Date, as applicable, any amounts then owing by a Party to the other Party shall become immediately due and payable and the then future obligations of Customer and Provider under this Agreement shall be terminated (other than the indemnity obligations set forth in Section 13). Such termination shall not relieve either Party from obligations accrued prior to the effective date of termination or expiration.