Common use of Termination of Remarketing Agreement Clause in Contracts

Termination of Remarketing Agreement. This Agreement shall terminate as to any Remarketing Agent which is replaced on the effective date of its replacement pursuant to Section 4(a) hereof or pursuant to Section 4(b) hereof. Notwithstanding the foregoing, the obligations set forth in Section 3 hereof shall survive and remain in full force and effect until all amounts payable under said Section 3 shall have been paid in full; provided, however, that if any Remarketing Agent resigns, then the obligations set forth in Section 3 hereof shall not survive the termination of this Agreement and no fee shall be payable to such Remarketing Agent in such capacity. In addition, each former Remarketing Agent shall be entitled to the rights and benefits under Section 10 of this Agreement notwithstanding the replacement or resignation of such Remarketing Agent.

Appears in 4 contracts

Samples: Remarketing Agreement (Northrop Grumman Corp /De/), Remarketing Agreement (Motorola Inc), Remarketing Agreement (Motorola Inc)

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Termination of Remarketing Agreement. This Agreement shall terminate as to any Remarketing Agent which or Reset Agent that is replaced on the effective date of its replacement pursuant to Section 4(a) hereof or pursuant to Section 4(b) hereof. Notwithstanding the foregoingany such termination, the obligations set forth in Section 3 hereof shall survive and remain in full force and effect until all amounts payable under said Section 3 shall have been paid in full; provided, however, that if any Remarketing Reset Agent resignsresigns prior to a successful remarketing, then the obligations set forth in Section 3 hereof shall not survive the termination of this Agreement and no fee shall be payable to such Remarketing Reset Agent in such capacity. In addition, each former Remarketing Agent and Reset Agent shall be entitled to the rights and benefits under Section 10 of this Agreement Agreement, notwithstanding the replacement or resignation of such Remarketing Agent or Reset Agent.

Appears in 3 contracts

Samples: Purchase Contract Agreement (Sempra Energy), Remarketing Agreement (Apco Argentina Inc/New), Remarketing Agreement (Public Service Enterprise Group Inc)

Termination of Remarketing Agreement. This Agreement shall terminate as to any Remarketing Agent which is replaced on the effective date of its replacement pursuant to Section Sections 4(a) hereof or pursuant to Section 4(b) hereof. Notwithstanding the foregoing, the obligations set forth in Section 3 hereof shall survive and remain in full force and effect until all amounts payable under said Section 3 shall have been paid in full; provided, however, that if any Remarketing Agent resigns, then then, with respect to such Remarketing Agent, the obligations set forth in Section 3 hereof shall not survive the termination of this Agreement and no fee shall be payable to such Remarketing Agent in such capacity. In addition, each current and former Remarketing Agent shall be entitled to the rights and benefits under Section Sections 9, 10 and 12(b) of this Agreement notwithstanding the replacement or resignation of such Remarketing AgentAgent or termination of this Agreement.

Appears in 2 contracts

Samples: Remarketing Agreement (El Paso Corp/De), Remarketing Agreement (El Paso Corp/De)

Termination of Remarketing Agreement. This Agreement shall terminate as to any Remarketing Agent which is replaced on the effective date of its replacement pursuant to Section 4(a) hereof or pursuant to Section 4(b) hereof. Notwithstanding the foregoing, the obligations set forth in Section 3 hereof shall survive and remain in full force and effect until all amounts payable under said Section 3 shall have been paid in full; provided, however, that if any Remarketing Agent resigns, then then, with respect to such Remarketing Agent, the obligations set forth in Section 3 hereof shall not survive the termination of this Agreement and no fee shall be payable to such Remarketing Agent in such capacity. In addition, each current and former Remarketing Agent shall be entitled to the rights and benefits under Section Sections 9, 10 and 12(b) of this Agreement notwithstanding the replacement or resignation of such Remarketing AgentAgent or termination of this Agreement.

Appears in 2 contracts

Samples: Remarketing Agreement (Capital One Financial Corp), Remarketing Agreement (American Electric Power Co Inc)

Termination of Remarketing Agreement. This Agreement shall terminate as to any Remarketing Agent or Reset Agent which is replaced on the effective date of its replacement pursuant to Section 4(a) hereof or pursuant to Section 4(b) hereof. Notwithstanding the foregoing, the obligations set forth in Section 3 hereof shall survive and remain in full force and effect until all amounts payable under said Section 3 shall have been paid in full; provided, however, that if any Remarketing Reset Agent resigns, then the obligations set forth in Section 3 hereof shall not survive the termination of this Agreement and no fee shall be payable to such Remarketing Reset Agent in such capacity. In addition, each former Remarketing Agent and Reset Agent shall be entitled to the rights and benefits under Section 10 of this Agreement notwithstanding the replacement or resignation of such Remarketing Agent or Reset Agent.

Appears in 1 contract

Samples: Remarketing Agreement (Cendant Corp)

Termination of Remarketing Agreement. (a) This Agreement shall terminate as to any Remarketing Agent which that is replaced on the effective date of its replacement pursuant to Section 4(a7(a) hereof or pursuant to Section 4(b7(b) hereof. Notwithstanding the foregoing, the obligations set forth in Section Sections 3 and 8 hereof shall survive and remain in full force and effect until all amounts payable under said Section 3 shall have been paid in full; provided, however, that if any Remarketing Agent resignsresigns pursuant to Section 7(b), then the obligations set forth in Section Sections 3 and 8 hereof shall not survive the termination of this Agreement and no fee shall be payable to such Remarketing Agent in such capacity. In addition, each former Remarketing Agent shall be entitled to the rights and benefits under Section 10 of this Agreement Sections 11, 12 and 14(b) notwithstanding the replacement or resignation of such Remarketing Agent.

Appears in 1 contract

Samples: Remarketing Agreement (Temple Inland Inc)

Termination of Remarketing Agreement. This Agreement shall terminate as to any Remarketing Agent which that is replaced on the effective date of its replacement pursuant to Section 4(a) hereof or pursuant to Section 4(b) hereof. Notwithstanding the foregoing, the obligations set forth in Section 3 hereof shall survive and remain in full force and effect until all amounts payable under said Section 3 shall have been paid in full; provided, however, that if any Remarketing Agent resigns, then the obligations set forth in Section 3 hereof shall not survive the termination of this Agreement and no fee shall be payable to such Remarketing Agent in such capacity. In addition, each former Remarketing Agent shall be entitled to the rights and benefits under Section 10 of this Agreement notwithstanding the replacement or resignation of such Remarketing Agent.

Appears in 1 contract

Samples: Remarketing Agreement (Temple Inland Inc)

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Termination of Remarketing Agreement. This Agreement shall terminate as to any Remarketing Agent which or Reset Agent that is replaced on the effective date of its replacement pursuant to Section 4(a) hereof or pursuant to Section 4(b) hereof. Notwithstanding the foregoingany such termination, the obligations set forth in Section 3 hereof shall survive and remain in full force and effect until all amounts payable under said Section 3 shall have been paid in full; provided, however, that if any Remarketing Reset Agent resignsresigns prior to a successful remarketing, then the obligations set forth in Section 3 hereof shall not survive the termination of this Agreement and no fee shall be payable to such Remarketing Reset Agent in such capacity. In addition, each former Remarketing Agent and Reset Agent shall be entitled to the rights and benefits under Section 10 of this Agreement notwithstanding the replacement or resignation of such Remarketing Agent or Reset Agent.

Appears in 1 contract

Samples: Remarketing Agreement (Gabelli Asset Management Inc)

Termination of Remarketing Agreement. This Agreement shall terminate as to any Remarketing Agent which is replaced on the effective date of its replacement pursuant to Section 4(a) hereof or pursuant to Section 4(b) hereof. Notwithstanding the foregoing, the obligations set forth in Section 3 hereof shall survive and remain in full force and effect until all amounts payable under said Section 3 shall have been paid in full; provided, however, that if any Remarketing Agent resigns, then then, with respect to such Remarketing Agent, the obligations set forth in Section 3 hereof shall not survive the termination of this Agreement and no fee shall be payable to such Remarketing Agent in such capacity. In addition, each former Remarketing Agent shall be entitled to the rights and benefits under Section Sections 9, 10 and 12(b) of this Agreement notwithstanding the replacement or resignation of such Remarketing AgentAgent or Termination of this Agreement.

Appears in 1 contract

Samples: Remarketing Agreement (Solutia Inc)

Termination of Remarketing Agreement. This Agreement shall terminate as to any Remarketing Agent which that is replaced on the effective date of its replacement pursuant to Section 4(a5(a) hereof or pursuant to Section 4(b5(b) hereof. Notwithstanding the foregoing, the obligations set forth in Section 3 4 hereof shall survive and remain in full force and effect until all amounts payable under said Section 3 4 shall have been paid in full; provided, however, that if any Remarketing Agent resigns, then the obligations set forth in Section 3 4 hereof shall not survive the termination of this Agreement and no fee shall be payable to such Remarketing Agent in such capacity. In addition, each former Remarketing Agent shall be entitled to the rights and benefits under Section Sections 10 and 11 of this Agreement notwithstanding the replacement or resignation of such Remarketing Agent.

Appears in 1 contract

Samples: Remarketing Agreement (Berkshire Hathaway Inc)

Termination of Remarketing Agreement. This Agreement shall terminate as to any the Remarketing Agent which is replaced and/or the Reset Agent on the effective date of its replacement pursuant to Section 4(a) hereof or pursuant to Section 4(b) hereof. Notwithstanding the foregoingany such termination, the obligations set forth in Section 3 hereof shall survive and remain in full force and effect until all amounts payable under said Section 3 shall have been paid in full; provided, however, that if any Remarketing Reset Agent resignsresigns prior to a successful remarketing, then the obligations set forth in Section 3 hereof shall not survive the termination of this Agreement and no fee shall be payable to such Remarketing Reset Agent in such capacity. In addition, each former Remarketing Agent and Reset Agent shall be entitled to the rights and benefits under Section 10 of this Agreement Agreement, notwithstanding the replacement or resignation of such Remarketing Agent or Reset Agent.

Appears in 1 contract

Samples: Remarketing Agreement (Provident Financial Group Inc)

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