Termination of the Shareholders Agreement Clause Samples
The 'Termination of the Shareholders Agreement' clause defines the conditions and procedures under which the shareholders agreement can be brought to an end. Typically, this clause outlines specific events that trigger termination, such as mutual consent of all shareholders, the dissolution of the company, or the occurrence of a particular event like an acquisition. By clearly stating when and how the agreement ceases to be effective, this clause ensures all parties understand their rights and obligations upon termination, thereby preventing disputes and providing a clear exit mechanism.
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Termination of the Shareholders Agreement. The Shareholders Agreement shall terminate in accordance with its terms upon a sale by Continental of all of the Continental Shares.
Termination of the Shareholders Agreement. Purchaser shall have received evidence satisfactory to it, acting reasonably, that the Shareholders Agreement of Corporation and the Shareholders Agreement of Holdco have been terminated without any further liability to Corporation or Holdco thereunder.
Termination of the Shareholders Agreement. Effective as of the date hereof, the Shareholders Agreement is hereby terminated in its entirety and shall be of no further force or effect; except for actions to be taken in connection with the registration and offering of shares pursuant to the ERI letter to the Company dated as of September 11, 2003.
Termination of the Shareholders Agreement. 21.1 This Shareholders’ Agreement terminates a) In case of a valid termination pursuant to Section 20.1 to 20.4;
Termination of the Shareholders Agreement. 2.1 With effect from the date hereof, the obligations of each of the Shareholders under, in relation to or in respect of the Shareholders Agreement shall terminate and shall be of no force and effect and no party thereto shall have any further rights or claims against, or obligations to, the other in respect thereof and their respective liabilities and obligations shall be irrevocably and unconditionally released.
2.2 The Company hereby confirms and agrees with the termination of the Shareholders Agreement with effect from the date hereof.
Termination of the Shareholders Agreement. The parties to the Share Sale Agreement have agreed that the Shareholders' Agreement shall be terminated at Closing and, save for the rights and obligations established or preserved by the Share Sale Agreement, all claims and liabilities which the parties may have or at any time might otherwise have or have had against or in respect of each other in connection with, amongst others, the Shareholders' Agreement, are released and forever discharged as set out in the Share Sale Agreement.
Termination of the Shareholders Agreement. Each of the Major Shareholders hereby agrees that the Shareholders' Agreement dated June 8, 1993, the Amended and Restated Shareholders' Agreements dated June 1, 1994 and May 7, 1996 and all other related amendments thereto have been terminated and this Agreement supersedes such agreements.
Termination of the Shareholders Agreement. Each Party hereby agrees to terminate the Shareholders Agreement pursuant to clause 7.18 of the Shareholders Agreement with effect from Closing.
Termination of the Shareholders Agreement. The Shareholders’ Agreement hereby terminates without further notice on Closing as of the Closing Date.
Termination of the Shareholders Agreement. This Agreement shall terminate upon termination of the Shareholders’ Agreement unless the Shareholders’ Agreement is terminated as a result of an initial public offering of Licensee.