Common use of Termination of Agreements Clause in Contracts

Termination of Agreements. (a) Except as set forth in Section 2.7(b), in furtherance of the releases and other provisions of Section 4.1, GCP, on its own behalf and each member of the GCP Group, on the one hand, and Grace, on its own behalf and each member of the Grace Group, on the other hand, hereby terminate any and all agreements, arrangements, commitments or understandings, whether or not in writing, between or among GCP and/or any member of the GCP Group, on the one hand, and Grace and/or any member of the Grace Group, on the other hand, effective as of the Effective Time. No such terminated agreement, arrangement, commitment or understanding (including any provision thereof which purports to survive termination) shall be of any further force or effect after the Effective Time. Each Party shall, at the reasonable request of the other Party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing.

Appears in 5 contracts

Samples: Separation and Distribution Agreement (W R Grace & Co), Separation and Distribution Agreement (GCP Applied Technologies Inc.), Separation and Distribution Agreement (GCP Applied Technologies Inc.)

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Termination of Agreements. (a) Except as set forth in Section 2.7(b), in furtherance of the releases and other provisions of Section 4.1, GCP, on its own behalf Enhabit and each member of the GCP Enhabit Group, on the one hand, and Grace, on its own behalf Encompass and each member of the Grace Encompass Group, on the other hand, hereby terminate any and all agreements, arrangements, commitments or understandings, whether or not in writing, between or among GCP Enhabit and/or any member of the GCP Enhabit Group, on the one hand, and Grace Encompass and/or any member of the Grace Encompass Group, on the other hand, effective as of the Effective Time. No such terminated agreement, arrangement, commitment or understanding (including any provision thereof which purports to survive termination) shall be of any further force or effect after the Effective Time. Each Party shall, at the reasonable request of the other Party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing.

Appears in 3 contracts

Samples: Separation and Distribution Agreement (Encompass Health Corp), Separation and Distribution Agreement (Enhabit, Inc.), Separation and Distribution Agreement (Enhabit, Inc.)

Termination of Agreements. (a) Except as set forth in Section 2.7(b), in furtherance of the releases and other provisions of Section 4.1, GCP, on its own behalf Concentrix and each member of the GCP Concentrix Group, on the one hand, and Grace, on its own behalf SYNNEX and each member of the Grace SYNNEX Group, on the other hand, hereby terminate any and all agreements, arrangements, commitments or understandings, whether or not in writing, between or among GCP Concentrix and/or any member of the GCP Concentrix Group, on the one hand, and Grace SYNNEX and/or any member of the Grace SYNNEX Group, on the other hand, effective as of the Effective Time. No such terminated agreement, arrangement, commitment or understanding (including any provision thereof which purports to survive termination) shall be of any further force or effect after the Effective Time. Each Party shall, at the reasonable request of the other Party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing.

Appears in 3 contracts

Samples: Separation and Distribution Agreement (Synnex Corp), Separation and Distribution Agreement (Concentrix Corp), Separation and Distribution Agreement (Concentrix Corp)

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Termination of Agreements. (a) Except as set forth in Section 2.7(b)) or as mutually agreed upon by the Parties, in furtherance of the releases and other provisions of Section 4.13.1, GCP, on its own behalf StudioCo and each member of the GCP StudioCo Group, on the one hand, and Grace, on its own behalf Parent and each member of the Grace Parent Group, on the other hand, hereby terminate any and all agreements, arrangements, commitments or understandings, whether or not in writing, between or among GCP StudioCo and/or any member of the GCP StudioCo Group, on the one hand, and Grace Parent and/or any member of the Grace Parent Group, on the other hand, effective as of the Effective Time. No such terminated agreement, arrangement, commitment or understanding (including any provision thereof which purports to survive termination) shall be of any further force or effect after the Effective Time. Each Party shall, at the reasonable request of the other Party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing.

Appears in 1 contract

Samples: Separation Agreement (Lionsgate Studios Corp.)

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