Common use of Effect if Distribution Does Not Occur Clause in Contracts

Effect if Distribution Does Not Occur. Notwithstanding anything in this Agreement to the contrary, if the Separation Agreement is terminated prior to the Distribution Date, then all actions and events that are, under this Agreement, to be taken or occur effective immediately prior to or as of the Distribution Date, or otherwise in connection with the Distribution, shall not be taken or occur except to the extent specifically agreed to in writing by EWS and SNI and neither Party shall have any Liability to the other Party under this Agreement.

Appears in 4 contracts

Samples: Employee Matters Agreement (Scripps Networks Interactive, Inc.), Employee Matters Agreement (Scripps E W Co /De), Employee Matters Agreement (Scripps Networks Interactive, Inc.)

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Effect if Distribution Does Not Occur. Notwithstanding anything in this Agreement to the contrary, if the Separation Agreement is terminated not executed or if it terminates prior to the Distribution DateEffective Time, then all actions and events that are, under this Agreement, to be taken or occur effective immediately prior to or to, as of or following the Distribution Date, or otherwise in connection with the Distributiondistribution, shall not be taken or occur except to the extent specifically agreed to in writing by EWS PNX and SNI Spinco and neither Party shall have any Liability or further obligation to the other Party under this Agreement.

Appears in 4 contracts

Samples: Employee Matters Agreement, Employee Matters Agreement (Phoenix Companies Inc/De), Employee Matters Agreement (Virtus Investment Partners, Inc.)

Effect if Distribution Does Not Occur. Notwithstanding anything in this Agreement to the contrary, if the Separation Agreement is terminated prior to the Distribution DateEffective Time, then all actions and events that are, under this Agreement, to be taken or occur effective immediately prior to or to, as of or following the Distribution Date, or otherwise in connection with the Distribution, shall not be taken or occur except to the extent specifically agreed to in writing by EWS EPC and SNI EHP, and neither Party shall have any Liability Liabilities to the other Party under this Agreement.

Appears in 3 contracts

Samples: Employee Matters Agreement (Energizer Holdings Inc), Matters Agreement (Energizer SpinCo, Inc.), Matters Agreement (Energizer SpinCo, Inc.)

Effect if Distribution Does Not Occur. Notwithstanding anything in this Agreement to the contrary, if the Separation Agreement is terminated prior to the Distribution DateEffective Time, then all actions and events that are, under this Agreement, to be taken or occur effective immediately prior to or to, as of or following the Distribution Date, or otherwise in connection with the DistributionSeparation, shall not be taken or occur except to the extent specifically agreed to in writing by EWS Duke Energy and SNI Spectra Energy and neither Party shall have any Liability or further obligation to the other Party under this Agreement.

Appears in 3 contracts

Samples: Employee Matters Agreement (Spectra Energy Corp.), Employee Matters Agreement (Duke Energy CORP), Employee Matters Agreement (Spectra Energy Corp.)

Effect if Distribution Does Not Occur. Notwithstanding anything in this Agreement to the contrary, if the Separation Agreement is terminated prior to the Distribution Date, then all actions and events that are, under this Agreement, to be taken or occur effective immediately prior to or as of the Distribution Date, or otherwise in connection with the Distribution, shall not be taken or occur except to the extent specifically agreed to by NorthStar Realty and NSAM in writing by EWS and SNI a written instrument executed after the execution of this Agreement and neither Party shall have any Liability to the other Party under this Agreement.

Appears in 3 contracts

Samples: Employee Matters Agreement (NorthStar Asset Management Group Inc.), Employee Matters Agreement (Northstar Realty Finance Corp.), Employee Matters Agreement (NorthStar Asset Management Group Inc.)

Effect if Distribution Does Not Occur. Notwithstanding anything in this Agreement to the contrary, if the Separation and Distribution Agreement is terminated prior to the Distribution Date, then all actions and events that are, under this Agreement, to be taken or occur effective immediately prior to or to, as of or following the Distribution Date, or otherwise in connection with the DistributionSeparation, shall not be taken or occur except to the extent specifically agreed to in writing by EWS NTELOS and SNI Wireline and neither Party shall have any Liability Liabilities to the other Party under this Agreement.

Appears in 2 contracts

Samples: Employee Matters Agreement (Ntelos Holdings Corp), Employee Matters Agreement (NTELOS Wireline One Inc.)

Effect if Distribution Does Not Occur. Notwithstanding anything in this Agreement to the contrary, if the Separation Agreement is terminated prior to the Distribution Date, then all actions this Agreement shall be of no further force and events that areeffect. In such event, under this Agreement, to be taken or occur effective immediately prior to or as of the Distribution Date, or otherwise in connection with the Distribution, shall not be taken or occur except to the extent specifically agreed to in writing by EWS and SNI and neither no Party shall have any Liability liability or obligation to the other Party under any person by reason of this Agreement.

Appears in 2 contracts

Samples: Employee Matters Agreement (NOW Inc.), Employee Matters Agreement (NOW Inc.)

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Effect if Distribution Does Not Occur. Notwithstanding anything in this Agreement to the contrary, if the Separation Agreement is terminated not executed or if it terminates prior to the Distribution DateEffective Time, then all actions and events that are, under this Agreement, to be taken or occur effective immediately prior to or to, as of or following the Distribution Date, or otherwise in connection with the Distribution, shall not be taken or occur except to the extent specifically agreed to in writing by EWS Parent and SNI Spinco and neither Party shall have any Liability or further obligation to the other Party under this Agreement.

Appears in 2 contracts

Samples: Employee Matters Agreement (Michigan Commerce Bancorp LTD), Employee Matters Agreement (Michigan Commerce Bancorp LTD)

Effect if Distribution Does Not Occur. Notwithstanding anything in this Agreement to the contrary, if the Separation Agreement is terminated not executed or if it terminates prior to the Distribution DateEffective Time, then all actions and events that are, under this Agreement, to be taken or occur effective immediately prior to or to, as of or following the Distribution Date, or otherwise in connection with the Distributiondistribution, shall not be taken or occur except to the extent specifically agreed to in writing by EWS PEC and SNI Patriot and neither Party shall have any Liability or further obligation to the other Party under this Agreement.

Appears in 2 contracts

Samples: Employee Matters Agreement (Patriot Coal CORP), Employee Matters Agreement (Patriot Coal CORP)

Effect if Distribution Does Not Occur. Notwithstanding anything in this Agreement to the contrary, if the Separation Agreement is terminated prior to the Distribution DateEffective Time, then all actions and events that are, under this Agreement, to be taken or occur effective immediately prior to or to, as of or following the Distribution Date, or otherwise in connection with the DistributionSeparation, shall not be taken or occur except to the extent specifically agreed to in writing by EWS Duke Energy and SNI GasCo and neither Party shall have any Liability or further obligation to the other Party under this Agreement.

Appears in 1 contract

Samples: Employee Matters Agreement (Spectra Energy Corp.)

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