Common use of Termination Effect of Termination Clause in Contracts

Termination Effect of Termination. Upon written notice, this Agreement may be terminated at any time prior to the Effective Time by and in the sole discretion of DevCo without the approval of SpinCo or any other party thereto. In the event of termination pursuant to this Section 7.9, neither Party shall have any Liability of any kind to the other Party as a result of such termination.

Appears in 4 contracts

Samples: Employee Matters Agreement (Aimco Properties L.P.), Employee Matters Agreement (Aimco OP L.P.), Employee Matters Agreement (Apartment Income REIT Corp.)

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Termination Effect of Termination. Upon written notice, this Agreement may be terminated at any time prior to the Effective Time by and in the sole discretion of DevCo RemainCo without the approval of SpinCo or any other party thereto. In the event of termination pursuant to this Section 7.9, neither Party shall have any Liability of any kind to the other Party as a result of such termination.

Appears in 3 contracts

Samples: Employee Matters Agreement (Xperi Inc.), Employee Matters Agreement (Xperi Inc.), Employee Matters Agreement (Xperi, Inc.)

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