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 among ArcLight CTC Holdings, L.P., ArcLight Clean Transition Corp., and Proterra Inc. (January 11, 2021) (Filed With SEC on January 12, 2021)

Reinvent Technology Partners Contracts

Sponsor Agreement among Reinvent Sponsor LLC, Reinvent Technology Partners, and Joby Aero, Inc. (February 23, 2021) (Filed With SEC on February 24, 2021)

Reinvent Technology Partners Z Contracts

Sponsor Agreement among Reinvent Sponsor Z LLC, Reinvent Technology Partners Z, and Hippo Enterprises Inc. (March 3, 2021) (Filed With SEC on March 4, 2021)

Khosla Ventures Acquisition Co. Contracts

Sponsor Vesting Agreement among Khosla Ventures SPAC Sponsor LLC, Khosla Ventures Acquisition Co., Valo Health, LLC, and Valo Health, Inc. dated June 9, 2021 (Filed With SEC on June 9, 2021)