Satisfaction of All Obligations Sample Clauses
The "Satisfaction of All Obligations" clause requires that a party must fulfill all of its duties and responsibilities under the agreement before certain rights or benefits are granted, such as the closing of a transaction or the release from further liability. In practice, this means that all payments, deliveries, or other specified actions must be completed to the satisfaction of the other party or as outlined in the contract. This clause ensures that no party can claim the benefits of the agreement without first meeting all their contractual commitments, thereby protecting the interests of the other party and promoting fairness in the execution of the contract.
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Satisfaction of All Obligations. Except as otherwise provided herein, Employee agrees that all obligations of the Company and the other Released Parties under any and all plans, agreements, policies, and/or practices have been satisfied or exceeded by the payments described in Section B., above.
Satisfaction of All Obligations. Each of the Shareholders (as defined in the Shareholders Agreement) hereby acknowledges that the Corporation and each of the other Shareholders has fulfilled all of its respective obligations under or in connection with the Shareholders Agreement, and agrees that all of such Shareholder’s rights under such agreement are terminated as provided for in this Termination Agreement. Each of the Corporation and the Shareholders acknowledges that neither the Corporation nor any of the other Shareholders has any further liability to the Corporation or the Shareholders with respect to any rights or obligations thereunder.
Satisfaction of All Obligations. Holder acknowledges and agrees that upon the automatic conversion described in Section 1 above and receipt of the payment described in 2 above all of the obligations of NovaRay pursuant to the Note shall be deemed paid and satisfied in full.
Satisfaction of All Obligations. Each of the Holders (as defined in the Registration Rights Agreement) hereby acknowledges that the Corporation and each of the other Holders has fulfilled all of its respective obligations under or in connection with the Registration Rights Agreement, and agrees that all of such Holder’s rights under such agreement are terminated as provided for in this Termination Agreement. Each of the Corporation and the Holders acknowledges that neither the Corporation nor any of the other Holders has any further liability to the Holders with respect to any rights or obligations thereunder.
Satisfaction of All Obligations. The Continuing Payments, Separation Payment and Insurance Coverage, together with payment of his accrued but unused vacation pay and payment of as yet unreimbursed business expenses ("Total Compensation"), will comprise the aggregate and final amount owed to ▇▇▇▇▇▇▇▇ and all of his affiliates, representatives, creditors and family members. As of the Effective Date, no additional compensation, consideration, payments or benefits (including, without limitation, health or dental benefits, vacation, sick leave, insurance or any related or similar benefits) are or will be owed to ▇▇▇▇▇▇▇▇ or any of his affiliates, representatives, creditors or family members. Notwithstanding the foregoing, the Company may at any time during the Payment Period (as defined in Section 5(f) below) request that ▇▇▇▇▇▇▇▇ re-execute this Agreement and reaffirm the perpetuity of the Release set forth in Section 4(a) and, furthermore, the Company may condition any unpaid component of the Total Compensation upon ▇▇▇▇▇▇▇▇'▇ compliance with such request, provided the Company is not itself in default or is engaged in any conduct after the date above that gives rise to any claim by ▇▇▇▇▇▇▇▇. ▇▇▇▇▇▇▇▇'▇ failure to comply with a re-execution request will permit the Company to withhold any scheduled component of the Total Compensation without penalty, default or interest until such request is complied with.
Satisfaction of All Obligations. Employee acknowledges and agrees that the Exide Releasees have fully satisfied any and all obligations owed to Employee arising out of or relating to Employee’s employment with Exide, and no further sums are owed to him, except as expressly provided in this Agreement.
Satisfaction of All Obligations. I agree that all obligations of the Company under any and all plans, agreements, policies, and/or practices have been satisfied or exceeded by the payments described in Section I, above.
Satisfaction of All Obligations. The Holders acknowledge and agree that upon the automatic conversion described in Section 1 above all of the obligations of VistaGen pursuant to the Notes shall be deemed paid and satisfied in full.