Terminating Contracts definition
Examples of Terminating Contracts in a sentence
Buyer agrees to take and to cause the Company and its Subsidiaries to take any action following the Closing that would be required to give effect to the termination of the Terminating Contracts.
The Seller shall take *** to terminate the Third Party Terminating Contracts at or prior to Completion.
Purchaser agrees to take and to cause the Company and its Subsidiaries to take, and Seller agrees to take and to cause its Affiliates (other than the Company and its Subsidiaries) to take, any action following the Closing that would be required to give effect to the termination of the Terminating Contracts.
Promptly following the Effective Date, the Company shall notify in writing each counterparty to the Terminating Contracts (other than Oronite and its Affiliates) that the Company desires to terminate such Terminating Contract following the Closing, and the Company and such counterparty shall execute and the Company shall deliver at Closing an instrument that effectively terminates the applicable Terminating Contract as of not later than the Closing.
As of not later than the Closing, the Company shall isolate and hold separate from all other Asset Documents all copies (including digital copies), that are in the Company’s possession or control, of all Terminating Contracts.