Common use of Termination of the Agreements Clause in Contracts

Termination of the Agreements. (a) Except as provided in section 1(b), effective as of the date of this agreement (the "Termination Date"), each of the Agreements shall be terminated and shall be of no continuing force or effect, and the rights and obligations of Orphan and Chronimed under each of the Agreements shall become null and void. The cystadane agreement, dated October 11, 1996, between Orphan and Chronimed (the "Cystadane Agreement") shall not be regarded as one of the Agreements and shall continue in full force and effect after the Termination Date. (b) The confidentiality provisions set forth in section 6.3 of the Distribution Agreement shall remain in full force and effect from and after the Termination Date. (c) On or before the Termination Date, Chronimed shall execute and deliver to Orphan such termination statements and other documents as shall be reasonably necessary to terminate all security interests which were granted to Chronimed under the Security Agreement to secure the performance of Orphan under the Distribution Agreement.