Simultaneous Termination Clause Samples
The Simultaneous Termination clause establishes that the agreement will end at the same time as another specified contract or set of contracts. In practice, this means that if the referenced agreement is terminated for any reason—such as breach, expiration, or mutual consent—then this agreement will automatically terminate as well, without the need for additional notice or action. This clause is commonly used in situations where multiple agreements are interdependent, ensuring that parties are not bound by one contract if the related contract is no longer in effect, thereby maintaining alignment and reducing the risk of conflicting obligations.
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Simultaneous Termination. If any of the Other Agreements are terminated by Buyer prior to Closing for any reason, this Agreement shall be deemed to be terminated simultaneously with the termination of such other Agreement(s), and the Deposit under this Agreement shall be treated in a manner consistent with the disposition of the ▇▇▇▇▇▇▇ money deposit under the terminated Other Agreement(s).
Simultaneous Termination. This Agreement shall be terminated simultaneously with the termination of the Co-Brokerage Agreement and/or the VOW Agreement pursuant to their terms.
Simultaneous Termination. Upon the termination of the Service Contract, this Agreement shall terminate simultaneously without additional notice.
Simultaneous Termination. In the event of termination of this Agreement pursuant to this Article 12, the transactions identified on Annex I shall terminate simultaneously therewith.
Simultaneous Termination. If the Master Lease is terminated, this Sublease shall terminate simultaneously, and the Sublessor and Sublessee shall thereafter be released from all obligations under this Sublease, and Sublessor shall refund to Sublessee any unearned Rent paid in advance. Sublessor shall not cause the Master Lease to terminate except under Sections (and subsections hereunder) 15 (Damage or Destruction), 16 (Eminent Domain), of the Master Lease, termination of this Agreement by either party, or default by Sublessee under this Agreement.