Common use of Termination of Affiliate Transactions Clause in Contracts

Termination of Affiliate Transactions. On or before the Closing Date, except for liabilities relating to the Plans, all Affiliate Transactions or other liabilities between any member of the Corporation or the Subsidiary, on the one hand, and one or more Related Parties, on the other hand, shall be terminated in full, without any liability to Buyer, the Corporation or any of their respective Affiliates following the Closing.

Appears in 2 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement (Datawatch Corp)

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Termination of Affiliate Transactions. On or before the Closing Date, except for liabilities all Liabilities relating to the Plans, all Affiliate Transactions or other liabilities Transferred Business between any member of the Corporation or the SubsidiarySeller, on the one hand, and one or more Related Partiesof its Affiliates, on the other hand, including any and all Contracts (other than any Transaction Document) between the Seller, on the one hand, and one or more of its Affiliates, on the other hand, shall be terminated in full, without any liability Liability to Buyer, the Corporation Buyer or any of their respective its Affiliates following the Closing.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Wausau Paper Corp.)

Termination of Affiliate Transactions. On or before the Closing Date, except for liabilities relating Prior to the PlansClosing, the Seller and its Affiliates shall terminate all Affiliate Transactions or (other liabilities between than those being provided after the Closing pursuant to the Transition Services Agreement), in each case without any member further obligation of the Corporation or the Subsidiary, on the one hand, and one or more Related Parties, on the other hand, shall be terminated in full, without any liability to Buyer, the Corporation Company or any of their respective Affiliates following the ClosingSubsidiaries and with any and all related claims against the Company and the Subsidiaries being fully discharged.

Appears in 2 contracts

Samples: Restructuring and Investment Agreement (Stock Building Supply Holdings, Inc.), Restructuring and Investment Agreement (Stock Building Supply Holdings, Inc.)

Termination of Affiliate Transactions. On Prior to or before at the Closing DateClosing, except for liabilities relating to the Plans, Company shall terminate all of its Affiliate Transactions or other liabilities between any member (including without limitation each Affiliate Transaction set forth on Section 3.16 of the Corporation or the Subsidiary, on the one hand, and one or more Related Parties, on the other hand, shall be terminated in fullCompany Disclosure Letter), without any liability to Buyer, the Corporation further obligation of such party or any of their respective Affiliates following its Subsidiaries and with any and all related claims against the ClosingCompany and its Subsidiaries being fully discharged.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cumulus Media Inc)

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Termination of Affiliate Transactions. On or before the Closing Date, except for liabilities relating to the Plans, all Affiliate Transactions or other liabilities between any member of the Corporation or the Subsidiary, than those set forth on the one hand, and one or more Related Parties, on the other hand, Schedule 4.22(b) shall be terminated in full, without any further liability to Buyer, the Corporation or any of their respective Affiliates Acquired Company with respect to periods following the Closing, effective as of the Closing; provided, that in no event shall any Acquired Company pay any fee or otherwise incur any expense or financial exposure with respect to any such termination.

Appears in 1 contract

Samples: Equity Purchase Agreement (Kbr, Inc.)

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