Termination of Management Services Agreement Sample Clauses
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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.
(b) TPN and FWR agree that, effective as of the Closing Date and expressly conditioned upon occurrence of the Closing, the FWR Management Services Agreement shall terminate.
(c) TPN agrees to assign, convey or transfer all receivables, notes, and indebtedness outstanding on the Closing Date and arising from the Management Services Agreements, to the Purchaser or its permitted assignee at the Closing.
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. 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. 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.
4.2. As of February 22, 2002 the Vendor is indebted to the Purchaser for approximately $104,350 under the Management Services Agreement and Purchaser agrees to accept Cdn$25,000 cash for full and complete settlement if paid by March 31, 2002, otherwise $104,350 remains obligated by the Vendor to the Purchaser.
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.
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.
Termination of Management Services Agreement. Upon the consummation of any Transaction Yucaipa hereby agrees and elects to terminate the MSA, as provided in Section 6.3
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. The Service Provider and the Company hereby mutually terminate the Management Services Agreement retroactive to the Effective Date. Only Sections 6, 7, and 8, shall service the termination of the Management Services Agreement and are incorporated herein by this reference.
Termination of Management Services Agreement. As of the Effective Date, the Management Services Agreement shall be terminated and replaced with this Agreement and all unpaid amounts accrued through September 30, 1996 under the Management Services Agreement shall be paid by the Company to Inverness on the Effective Date.