Termination Clause Example with 4 Variations from Business Contracts

This page contains Termination clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Termination. This Agreement and the covenants and agreements set forth in this Agreement shall automatically terminate (without any further action of the parties) upon the earliest to occur of: (a) the termination of the Merger Agreement in accordance with its terms; (b) the Effective Time; (c) the date of any modification, waiver or amendment to the Merger Agreement effected without such Stockholder's consent that (y) decreases the amount or changes the form of consideration payable to all of the stockholde...rs of the Company pursuant to the terms of the Merger Agreement as in effect on the date of this Agreement or (z) otherwise materially adversely affects the interests of the stockholders of the Company; (d) the mutual written consent of the parties hereto; and (e) the Outside Date. In the event of termination of this Agreement pursuant to this Section 5, this Agreement shall become void and of no effect with no liability on the part of any party; provided, however, that no such termination shall relieve any party from liability for any breach hereof prior to such termination. View More
Found in CLAYTON WILLIAMS ENERGY INC contract

Variations of a "Termination" Clause from Business Contracts

Termination. This Agreement and the covenants and agreements set forth in this Agreement shall automatically terminate (without any further action (a) with respect to all of the parties) parties hereto, upon the earliest to occur of: (a) of (i) the termination of date on which Company Stockholder Approval is obtained, (ii) the date on which the Merger Agreement is terminated in accordance with its terms; terms and (iii) the termination of this Agreement by mutual written consent of all the parties hereto; an...d (b) with respect to any Stockholder, upon the Effective Time; (c) earliest to occur of (i) the date of any modification, waiver or amendment to the Merger Agreement effected without such Stockholder's consent that (y) (A) decreases the amount or changes the form of consideration payable to all of the stockholders of the Company pursuant to the terms of the Merger Agreement as in effect on the date of this Agreement or (z) (B) otherwise materially adversely affects the interests of such Stockholder or the other stockholders of the Company; (d) Company and (ii) the mutual extension of the End Date (other than as provided for in the Merger Agreement) without the prior written consent of such Stockholder (the date of any event causing such a termination with respect to all of the parties hereto; and (e) hereto or any Stockholder, as the Outside Date. In case may be, the event "Expiration Time"). Nothing in this Section 8 shall relieve or otherwise limit the liability of termination any party for any intentional breach of this Agreement pursuant to this Section 5, this Agreement shall become void and of no effect with no liability on the part of any party; provided, however, that no such termination shall relieve any party from liability for any breach hereof prior to such termination. View More
Found in ProFrac Holding Corp. contract
Termination. This Agreement and the covenants and agreements set forth in this Agreement shall automatically terminate (without any further action of the parties) upon the earliest to occur of: of (the "Expiration Time"): (a) the termination of Effective Time; (b) the date on which the Merger Agreement is terminated in accordance with its terms; (b) (c) the Effective Time; (c) termination of this Agreement by mutual written consent of the Parties; and (d) the date of any modification, waiver or amendment to ...the Merger Agreement effected without such the Stockholder's consent that (y) (i) decreases the amount or changes the form of consideration payable to all of the stockholders shareholders of the Company pursuant to the terms of the Merger Agreement as in effect on the date of this Agreement or (z) (ii) otherwise materially adversely affects the interests of the Stockholder or the stockholders of the Company; (d) Company. For the mutual written consent sake of clarity, the parties hereto; Stockholder consents to the Amendment and (e) the Outside Date. In Condor Merger Agreement. Nothing in this Section 8 shall relieve or otherwise limit the event liability of termination any Party for any breach of this Agreement pursuant to this Section 5, this Agreement shall become void and of no effect with no liability on the part of any party; provided, however, that no such termination shall relieve any party from liability for any breach hereof incurred prior to such termination. View More
Found in Extraction Oil & Gas, Inc. contract
Termination. This Agreement and the covenants and agreements set forth in this Agreement shall automatically terminate (without any further action of the parties) upon the earliest to occur of: (a) the termination of the Merger Agreement in accordance with its terms; (b) the Effective Time; (c) as to a Shareholder, the date of any modification, waiver or amendment to the Merger Agreement effected without such Stockholder's Shareholder's consent that (y) decreases the amount or changes the form of considerati...on payable to all of the stockholders of the Company pursuant to the terms of the Merger Agreement as in effect on the date of this Agreement or (z) otherwise materially adversely affects the interests of the stockholders such Shareholder (whether in manner that is applicable to holders of the Company; Company Common Stock generally or otherwise); and (d) the mutual written consent of the parties hereto; and (e) the Outside Date. hereto. In the event of termination of this Agreement pursuant to this Section 5, this Agreement shall become void and of no effect with no liability on the part of any party; provided, however, that no such termination shall relieve any party from liability for any breach hereof prior to such termination. View More
Found in Lonestar Resources US Inc. contract
Termination. This Agreement and the covenants and agreements set forth in this Agreement shall automatically terminate (without any further action of the parties) upon the earliest to occur of: (a) the termination of the Merger Agreement in accordance with its terms; (b) the Effective Time; (c) the date of any modification, waiver or amendment to the Merger Agreement effected without such Stockholder's Unitholder's consent that (y) (i) decreases the amount or changes the form of consideration payable to all ...of the stockholders unitholders of the Company Partnership pursuant to the terms of the Merger Agreement as in effect on the date of this Agreement or (z) (ii) otherwise materially adversely affects the interests of the stockholders of the Company; such Unitholder; (d) the mutual written consent of the parties hereto; and (e) the Outside Termination Date. 7 In the event of termination of this Agreement pursuant to this Section 5, 6, this Agreement shall become void and of no effect with no liability on the part of any party; provided, however, that no such termination shall relieve any party from liability for any breach hereof prior to such termination. View More
Found in New Fortress Energy LLC contract