Assignment Termination. The rights and obligations of the parties hereto shall inure to the benefit of, and shall be binding upon the authorized successors and permitted assigns of each party; provided, that the terms and conditions of Section 9 hereof are satisfied. Notwithstanding anything in this Agreement to the contrary, this Agreement shall terminate for all purposes on January 1, 2008 or, if the Exchange Offer has not been consummated by September 15, 2005, this Agreement shall terminate for all purposes on September 15, 2005. In addition, if at any time any Investor shall have materially breached its obligations under the Support Agreement or shall cease to own any Registrable Securities, all of such Investor's rights under this Agreement shall immediately terminate; provided, however, that if such Investor ceases to own Registrable Securities because all or a portion of such shares were sold pursuant to a Registration Statement, then such Investor shall continue to have the rights and obligations set forth in Section 7 hereof, as provided in Section 7(e) hereof.
Appears in 4 contracts
Samples: Registration Rights Agreement (Harbinger Capital Partners Master Fund I, Ltd.), Credit Agreement (Salton Inc), Credit Agreement (Salton Inc)
