Examples of Terminable Contracts in a sentence
The Partnership agrees to terminate prior to Closing, at its own expense, the Terminable Contracts.
There shall be no agreements or other obligations or liabilities with respect to all or any portion of the Property that are binding on the Partnership or the Property following Closing, other than the Leases, the Contracts (excluding the Terminable Contracts), the Permitted Exceptions, the Licenses required for the ownership, use or operation of the Property and other documents executed in connection with the foregoing.
The Partnership shall have terminated all of the Terminable Contracts on or before the Closing Date.
To the Xxxxxx Parties' Knowledge, the Contracts are in full force and effect, and the Terminable Contracts are terminable on not more than thirty (30) days' prior written notice and without payment or penalty of any kind.
However, following the Closing, if requested by the Buyer, the Shareholder will, at the expense of the Buyer, use his reasonable best efforts to obtain such consents and will cooperate with the Buyer in any lawful arrangement designed to provide to the Buyer with the benefits under such Terminable Contracts.
The Buyer acknowledges that certain contracts pursuant to which the Company provides services or goods to a third Person are terminable at will by such Person or are subject to termination by such Person (or may otherwise give rise to remedies to such Person) if the execution of this Agreement or the sale of the Shares by the Shareholder pursuant to this Agreement is not consented to by such Person (the "Terminable Contracts").
Pursuant to Section 5.2 of the Agreement, the following schedules are amended and superseded in their entirety by the following updated schedules attached to this Amendment No. 1: (a) Schedule 0.1D relating to Terminable Contracts, (b) Schedule 3.19(b)(i) relating to Relationship Changes, (c) Schedule 7.2(d)(ii) relating to consents of Terminable Contracts not required and (d) Schedule 3.10 relating to shareholders.
Purchaser shall be deemed to have accepted and, at Closing, will assume each Terminable Contract, other than the Rejected Terminable Contracts.
Buyers shall allow all Customers with Terminable Contracts for Microporous Battery Separators the right and option unilaterally to reopen and renegotiate or to terminate their Terminable Contracts, solely at such Customer’s option, without penalty, forfeiture or other charge to the Customer, and consistent with Paragraph VI, Clause 5 of the FTC Order as if such Terminable Contract remained with Sellers or their Affiliates.
Buyer shall assume at Closing (i) the Terminable Contracts until such time as the termination of such Terminable Contracts by Seller shall become effective, (ii) all Contracts that cannot be terminated in accordance with their terms or that cannot be terminated without payment of a termination fee or penalty by Seller, and (iii) all Contracts that Buyer has not notified Seller on or prior to the expiration of the Due Diligence Period to terminate.