Common use of Termination upon Liquidation Clause in Contracts

Termination upon Liquidation. Notwithstanding anything to the contrary set forth in this Section 9, the Parties agree that this Agreement will automatically terminate upon the liquidation or dissolution of the Service Recipient or upon any corporate action by the Service Recipient effectuation such liquidation or dissolution.

Appears in 2 contracts

Sources: Intercompany Services Agreement (Learn SPAC HoldCo, Inc.), Master Intercompany Services Agreement (Learn SPAC HoldCo, Inc.)