Termination of Duties. Promptly following the date which is six months after the Effective Time, Parent will cause the Paying Agent to deliver to the Surviving Corporation all cash and documents in its possession relating to the transactions described in this Agreement, and the Paying Agent's duties shall terminate. Thereafter, each holder of a Certificate formerly representing a Share may surrender such Certificate to the Surviving Corporation and (subject to applicable abandoned property, escheat and similar laws) receive in exchange therefor the Merger Consideration, without any interest thereon.
Termination of Duties. Notwithstanding anything to the contrary set forth herein, at any time on or after delivery of written notice to the Employee, the Company may relieve the Employee of all of his duties and responsibilities hereunder and may relieve the Employee of authority to act on behalf of, or legally bind, the Company; provided, however, that any such action by the Company shall not relieve the Company of its obligation to pay to the Employee all compensation and benefits otherwise provided for in this Agreement.
Termination of Duties. In the event that, for any reason whatsoever, including death, termination of the work agreement, or revocation on the part of the assembly of shareholders, one of the members of the board of directors named in accordance with the stipulations established herein should cease to perform the duties inherent in the position of board member, the Parties hereby agree to do everything in their power so that, within the limits established by law, the board member to replace the outgoing one should be named by the Assembly of shareholders of the company (and before that meeting during the preparatory meeting of the Board of Directors of company), in the person named by the Party who had named the person to be replaced.
Termination of Duties. After release of all of the Funds from escrow created by this Agreement or receipt of a written notice from the County that it has accepted the Improvements and extinguished the DIA after expiration of the Warranty Period, the duties and responsibilities of the Escrow Agent under this Agreement will cease and terminate. All remaining Funds, if any, shall be remitted to the Developer.
Termination of Duties. Collateral Agent’s appointment as collateral agent shall terminate upon the earlier of:
Termination of Duties. The obligations as Escrow and Transfer Agent thereunder shall terminate upon the Agent's transferring all funds held hereunder pursuant to the terms of Sections 7, 8, 9 and 10.
Termination of Duties. Escrow Agent's responsibilities and liabilities hereunder, except as a result of Escrow Agent's own willful misconduct or gross negligence, will terminate upon the disbursement and delivery of the Escrowed Shares as provided in this Agreement, or until Escrow Agent deposits the Escrowed Shares in the registry of the court, resigns or otherwise ceases to act as Escrow Agent, whichever occurs earlier.
Termination of Duties. 8 2.7.5. NO LIABILITY. . . . . . . . . . . . . . . . . . .8 2.7.6.
Termination of Duties. Promptly following the date which is six (6) months after the Effective Time, ERP will cause the Paying Agent to deliver to the Surviving Corporation all cash and documents in its possession relating to the funds to be deposited on the Deposit Date described in this Agreement, and the Paying Agent's duties relating thereto shall terminate. Thereafter, each holder of a Certificate formerly representing a Share may surrender such Certificate to the Surviving Corporation and (subject to applicable abandoned property, escheat and similar laws) receive in exchange therefor the Merger Consideration, without any interest thereon.
Termination of Duties. Escrow Agent’s duties hereunder shall cease upon the disbursement of the Escrow Shares as provided in paragraph 5 or 6 against a written receipt therefor.
