Termination of Management Services Agreement. The Parties hereby agree that the Management Services Agreement is hereby terminated without cause (as that phrase is defined in the Management Services Agreement), effective as of the Effective Date, and of no further force and effect. Except as expressly provided herein, none of the Parties shall have any further rights or obligations under or otherwise in respect of the Management Services Agreement, notwithstanding anything in the Management Services Agreement to the contrary (except that the recordkeeping provisions in Article I, Section 1(c)(1) of the Management Services Agreement, and the confidentiality provisions in Article X, Section 1(c)(1) of the Management Services Agreement shall continue in full force and effect).
Termination of Management Services Agreement. 4.1. The Purchaser and Vendor mutually agree to terminate the Management Services Agreement dated June 15, 2002 effective February 22, 2002 without notice or penalty.
Termination of Management Services Agreement. The Management Services Agreement entered into between the Parties as of January 11, 2014, as extended, is hereby terminated from and after the date hereof, and is replaced by this Collaboration Schedule. JOINT CEO AND MANAGEMENT SERVICES
Termination of Management Services Agreement. (a) TPN and RPN agree that, effective as of the Closing Date and expressly conditioned upon occurrence of the Closing, the RPN Management Services Agreement shall terminate.
Termination of Management Services Agreement. Stockholder hereby acknowledges and agrees to the termination effective as of the Effective Date (as defined in the Merger Agreement) of the Management Services Agreement dated as of March 23, 2005, between the Company and Yucaipa Advisors, LLC, pursuant to Section 7.3 thereof in accordance with Section 7.2(g) of the Merger Agreement.
Termination of Management Services Agreement. Effective on payment to LGP of the termination fee described below in immediately available funds, the Management Services Agreement, except for Section 5 of such Management Services Agreement, shall terminate in full and be of no further force or effect and, except as provided in Section 5 of such Management Services Agreement and in Section 2 below, each party hereto shall have no further liabilities or obligations thereunder. As consideration for LGP's agreement to terminate the Management Services Agreement, on the Effective Date, the Companies will pay LGP a termination fee in cash in the amount of $2,500,000.
Termination of Management Services Agreement. On the Closing Date, WH and WVUH will enter into a termination agreement terminating the Management Services Agreement, effective as of the Effective Time.
Termination of Management Services Agreement. In order to further streamline the business management relationship and improve the specific details of the management services, COSCO SHIPPING, the Company and COSCO SHIPPING Investment entered into the Termination Agreement on 16 September 2022, pursuant to which, the Management Services Agreement entered into among COSCO SHIPPING, the Company and COSCO SHIPPING Investment was terminated on 1 September 2022.
Termination of Management Services Agreement. In order to further streamline the business management relationship and improve the specific details of the management services, COSCO SHIPPING, the Company and COSCO SHIPPING Investment entered into the Termination Agreement on 16 September 2022, pursuant to which, the Management Services Agreement entered into among COSCO SHIPPING, the Company and COSCO SHIPPING Investment was duly terminated on 1 September 2022. COSCO SHIPPING Investment is a direct wholly-owned subsidiary of China Shipping, which is a direct wholly-owned subsidiary of COSCO SHIPPING. As the immediate sole shareholder of COSCO SHIPPING Investment, China Shipping has the right to directly transfer or dispose of the shareholder’s rights. The Company believes that the engagement of the Company made by China Shipping to provide the management services in respect of COSCO SHIPPING Investment and the Target Equities is beneficial to streamlining the business management relationship and improving the specific details of the management services, therefore, the early termination of the Management Services Agreement is an appropriate arrangement. As at the date of this announcement, COSCO SHIPPING, the Company or COSCO SHIPPING Investment has not violated the terms of the Management Services Agreement, and there was no dispute or disagreement in relation to the Management Services Agreement among COSCO SHIPPING, the Company and COSCO SHIPPING Investment during the term of the Management Services Agreement. INFORMATION ON THE GROUP AND THE PARTIES TO THE MANAGEMENT SERVICES AGREEMENT AND THE TERMINATION AGREEMENT Information on the Group The Company is a joint stock company established under the laws of the PRC with limited liability, the H Shares of which are listed on the Main Board of the Hong Kong Stock Exchange and the A Shares of which are listed on the Shanghai Stock Exchange. With a focus on the integrated logistics industry, the Company will develop shipping leasing, container leasing container manufacturing business as the core business and shipping supply chain finance services as auxiliary business, and with the support from investment management, to achieve industry-finance integrated development.
Termination of Management Services Agreement. The parties hereto agree and acknowledge that, effective as of the Closing Date, the Management Services Agreement dated as of March 31, 1998, as in effect on the date hereof, shall be terminated in its entirety and shall thereafter have no further force and effect.
