No Outstanding Transactions Clause Samples
The 'No Outstanding Transactions' clause establishes that, at a specified point in time—often at the closing of an agreement—there are no pending or incomplete transactions between the parties that could affect the agreement. In practice, this means that all prior obligations, payments, or deliveries have been fully settled, and there are no unresolved claims or ongoing business that might interfere with the new arrangement. This clause ensures a clean slate between the parties, preventing future disputes over past dealings and providing certainty that the agreement starts without lingering liabilities.
No Outstanding Transactions. If a Hedging Agreement is terminated by the relevant Debtor in circumstances where there are no outstanding transactions thereunder, as provided for in paragraph (a) of Clause 4.13 (Termination of Hedging), the Hedge Counterparty to that Hedging Agreement shall immediately cease to be a Hedge Counterparty in respect of that Hedging Agreement for the purposes of this Agreement and shall be discharged from further obligations to the Parties under this Agreement in respect of that Hedging Agreement and their respective rights against one another in respect of that Hedging Agreement shall be cancelled (except in each case for those rights which arose prior to such termination).
No Outstanding Transactions. Other than this Agreement, the Sellers are not bound by any agreement with respect to a possible sale, transfer or disposition of any of the Purchased Assets or the Shares.