MEFA Termination Sample Clauses
The MEFA Termination clause defines the conditions and procedures under which a Multi-Employer Framework Agreement (MEFA) can be ended by one or more parties. Typically, this clause outlines the required notice period, the specific events or breaches that may trigger termination, and any obligations that must be fulfilled upon ending the agreement, such as final payments or the return of confidential information. Its core practical function is to provide a clear and structured process for dissolving the agreement, thereby reducing uncertainty and potential disputes among the participating employers.
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MEFA Termination. To the extent the MEFA is terminated prior to the payment in full of the Obligations under this Agreement, the representations, covenants and events of default under Sections 7, 8, 9 and 11 of the MEFA (and the defined terms used therein) shall be incorporated into this Agreement, solely with respect to the Other Credit Parties, mutatis mutandi (notwithstanding the termination of the MEFA); provided that, to the extent at the time of termination of the MEFA an event has occurred or a circumstance exists with respect to an Other Credit Party which event or circumstance creates a “Default” or Event of Default” under (and as defined in) the MEFA at such time, such event or circumstance shall not create or form the basis for an Event of Default hereunder; provided further that, regardless of whether the “Restricted Affiliates” under (and as defined in the MEFA) are Credit Parties hereunder, the existence of an event or circumstance which would constitute an “Event of Default” under (and as defined in) the MEFA shall (except with respect to events or circumstances addressed in the immediately preceding proviso), constitute an Event of Default hereunder.