Common use of Ceasing to be a Party Clause in Contracts

Ceasing to be a Party. Following the Transfer of all of its Locked-Up Notes Debt to another person in a manner permitted by this Agreement, a Consenting Noteholder shall cease to be a Consenting Noteholder, save that an Original Consenting Noteholder shall continue to be a Party as an Original Consenting Noteholder for the purposes of Clause 4.2 (Work Fee), to the extent the Work Fee has not already been paid, and the Surviving Provisions shall remain in force in respect of that Consenting Noteholder and it shall remain liable for any breaches of this Agreement that occurred prior to the Transfer.

Appears in 4 contracts

Samples: Lock Up Agreement, Lock Up Agreement, Lock Up Agreement

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