No Constraints. Notwithstanding the provisions of Section 3.01, -------------- the fulfillment or waiver of any or all of the conditions precedent to the Distribution set forth therein shall not: (a) create any obligation on the part of Vencor or any other party hereto to effect the Distribution; (b) in any way limit Vencor's right and power under Section 4.12 to terminate this Agreement or the Reorganization Agreement and the process leading to the Distribution and to abandon the Distribution; or (c) alter the consequences of any such termination under Section 4.12 from those specified in such Section.
Appears in 2 contracts
Sources: Distribution Agreement (Ventas Inc), Distribution Agreement (Vencor Healthcare Inc)
No Constraints. Notwithstanding the provisions of Section -------------- 3.01, -------------- the fulfillment or waiver of any or all of the conditions precedent to the Distribution set forth therein shall not:
(a) create any obligation on the part of Vencor or any other party hereto to effect the Distribution;
(b) in any way limit Vencor's right and power under Section 4.12 to terminate this Agreement or the Reorganization Agreement and the process leading to the Distribution and to abandon the Distribution; or
(c) alter the consequences of any such termination under Section 4.12 from those specified in such Section.
Appears in 1 contract
Sources: Distribution Agreement (Ventas Inc)