Termination Clause Example from Business Contracts

This example Termination clause appears in 4 contracts from 4 companies

Termination. This Agreement shall automatically terminate, without any notice or other action by any Party, and be void ab initio upon the termination of the Merger Agreement in accordance with its terms. Upon termination of this Agreement as provided in the immediately preceding sentence, none of the Parties shall have any further obligations or Liabilities under, or with respect to, this Agreement.
Found in ArcLight Clean Transition Corp. contract
ArcLight Clean Transition Corp. Contracts

Sponsor Letter Agreement, dated as of January 11, 2021, by and among ArcLight CTC Holdings, L.P., ArcLight Clean Transition Corp. and Proterra Inc and certain other parties thereto (Filed With SEC on January 12, 2021)

Reinvent Technology Partners Contracts

Sponsor Agreement, dated as of February 23, 2021 (Filed With SEC on February 24, 2021)

Reinvent Technology Partners Z Contracts

Sponsor Agreement, dated as of March 3, 2021 (Filed With SEC on March 4, 2021)

Khosla Ventures Acquisition Co. Contracts

Sponsor Vesting Agreement, dated as of June 9, 2021 (Filed With SEC on June 9, 2021)