Common use of Affiliate Contracts Clause in Contracts

Affiliate Contracts. Prior to the Closing, the Seller shall terminate each of the Affiliate Contracts set forth or otherwise described in Schedule 3.18, which termination shall not result in any liability or obligation to the Buyer or result in any Encumbrance on any of the Acquired Assets.

Appears in 3 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Green Plains Renewable Energy, Inc.), Asset Purchase Agreement (Green Plains Renewable Energy, Inc.)

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Affiliate Contracts. Prior to the ClosingExcept as set forth in Schedule 3.8, all Affiliate Contracts between the Seller and the Buyer shall terminate each be terminated as of the Affiliate Contracts set forth Closing without the payment of any fee or otherwise described in Schedule 3.18penalty by, which termination shall not result in or incurrence of any obligation or liability or obligation to by, the Buyer or result in any Encumbrance on any of the Acquired AssetsCompany after the Closing.

Appears in 2 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement (Asta Funding Inc)

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