Common use of Windup Clause in Contracts

Windup. 2.4.1. Completion of this Agreement Following the completion of all Breakout/Workouts, payout of all monies in Cash Account, payment of all fees and exercise of all Warrants, this Agreement will cease. 2.4.2. Account Windup Intermediary shall not require permission of either Company or Investor(s) to wind up the Cash Account following completion of this Agreement. Prior to windup, all cash remaining in the Cash Account will be wired to the Company minus any outstanding fees. 2.4.3. Notifications Intermediary shall evidence such winding up through notice to Company, Advisor and Investor(s) that this Agreement is no longer in force and effect and that the Cash Account has been closed.

Appears in 3 contracts

Sources: Account Management Agreement (Aclor International, Inc.), Account Management Agreement (Aclor International, Inc.), Account Management Agreement (MVP Holdings Corp)