Time and Place; Closing. Unless this Agreement shall have terminated pursuant to Article 8, the closing of the Transactions (the “Closing”) shall occur upon the satisfaction or waiver of the conditions in Section 7.1 (the “Closing Date”). The Closing shall take place at a place as determined by Mammoth and Mammoth Partners LLC. Occurrence of the Closing shall terminate any future performance or further accrual of fees due by ▇▇▇▇▇▇▇▇ and its Subsidiaries to any Contributor or its Affiliates (other than Mammoth and its Subsidiaries) under any existing management or administrative services or financial advisory agreements. Any financial obligation of ▇▇▇▇▇▇▇▇ or its Subsidiaries that is incurred or accelerated as a result of the Closing, shall be solely the responsibility of Mammoth and Mammoth Partners LLC.
Appears in 1 contract
Sources: Contribution Agreement (Mammoth Energy Services, Inc.)
Time and Place; Closing. Unless this Agreement shall have terminated pursuant to Article 8, the closing of the Transactions (the “Closing”) shall occur upon the satisfaction or waiver of the conditions in Section 7.1 (the “Closing Date”). The Closing shall take place at a place as determined by Mammoth and Mammoth Partners LLC. Occurrence of the Closing shall terminate any future performance or further accrual of fees due by ▇▇▇▇▇▇▇▇ and its Subsidiaries Stingray Cementing to any Contributor or its Affiliates (other than Mammoth and its Subsidiaries) under any existing management or administrative services or financial advisory agreements. Any financial obligation of ▇▇▇▇▇▇▇▇ or its Subsidiaries Stingray Cementing that is incurred or accelerated as a result of the Closing, shall be solely the responsibility of Mammoth and Mammoth Partners LLC.
Appears in 1 contract
Sources: Contribution Agreement (Mammoth Energy Services, Inc.)
Time and Place; Closing. Unless this Agreement shall have terminated pursuant to Article 8, the closing of the Transactions (the “Closing”) shall occur upon the satisfaction or waiver of the conditions in Section 7.1 (the “Closing Date”). The Closing shall take place at a place as determined by Mammoth and Mammoth Partners LLC. Occurrence of the Closing shall terminate any future performance or further accrual of fees due by ▇▇▇▇▇▇▇▇ and its Subsidiaries Stingray Energy to any Contributor or its Affiliates (other than Mammoth and its Subsidiaries) under any existing management or administrative services or financial advisory agreements. Any financial obligation of ▇▇▇▇▇▇▇▇ or its Subsidiaries Stingray Energy that is incurred or accelerated as a result of the Closing, shall be solely the responsibility of Mammoth and Mammoth Partners LLC.
Appears in 1 contract
Sources: Contribution Agreement (Mammoth Energy Services, Inc.)