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Termination of Distribution Agreement

Sample Clauses
● Termination of Distribution Agreement. Except as expressly set forth herein, the
Distribution Agreement shall terminate in its entirety on the Termination Effective Date,
and at such time all rights and obligations of Volcano and Fukuda under the Distribution
Agreement shall cease. As of the Termination Effective Date, (a) all rights granted by
Volcano to Fukuda with respect to Volcano Products, if any, shall terminate and shall
revert to Volcano without any further action required on the part of either Volcano or
Fukuda, and Fukuda shall have no right to distribute, sell, market, or promote Volcano
Products and (b) Fukuda shall cease all sales, distribution, and marketing activities,
terminate all subdistribution agreements, and cease all servicing activities with respect to
the Volcano Products.
Appears in 2 contracts Mutual Termination Agreement , Mutual Termination Agreement
(Volcano Corp)
● Termination of Distribution Agreement. This Agreement shall remain in effect until the
expiration of the Distribution Agreement. If GEN-PROBE shall terminate the Distribution
Agreement in accordance with the provisions thereof, GEN-PROBE shall have the right to
terminate this Agreement at the time of such termination. In addition, either party may
terminate this Agreement on written notice given to the other party prior to the scheduled
expiration of the Term in the event of a material breach of any of the terms hereof or of
the Distribution Agreement (including any payment terms) by the other party not cured
within sixty (60) days (thirty (30) days for an obligation to pay monies unless the same is
contested in good faith, in which case, to avert default, the paying party may deposit the
disputed amount with a third-party escrow agent pending resolution of such dispute and
interest shall be payable on all disputed amounts determined to be payable at an annual
rate of two percentage points above the prime rate from time to time quoted by Bank of
America at its principal office in San Francisco, California, with changes in such prime
rate to be effective as of the date of such change) from and after written notice of such
breach is given by the terminating party. Termination of this Agreement shall not release
either party from any liability or obligation arising prior to the date of such expiration or
termination.
Appears in 2 contracts Termination of Distribution Agreement (Gen Probe Inc) ,
Termination of Distribution Agreement (Gen Probe Inc)
● Termination of Distribution Agreement. On the terms and subject to the conditions
stated in this Agreement, the parties hereby agree to terminate the Distribution
Agreement and the Kyser Agreement effective as of the close of business on February
28, 2001 ("Effective Date"); PROVIDED, HOWEVER, that the Effective Date shall not
occur and neither the Distribution Agreement nor the Kyser Agreement shall terminate in
the event that the Transition Agreement (as defined below) and the Fluid Handling Group
Distribution Agreement (as defined below) have not been executed and delivered as of
the close of business on February 28, 2001, to be effective March 1, 2001.
Appears in 2 contracts Metron Technology N V , Entegris Inc
● Termination of Distribution Agreement. Sellers shall terminate the Distribution and
Service Agreement, dated October 31, 2000, by and between Pioneer, Pioneer LTD and
 the GmbH Subsidiary prior to the closing of the sale of the GmbH Shares.
Appears in 2 contracts Purchase Agreement (Arrow Electronics Inc) , Pioneer Standard
Electronics Inc
● Termination of Distribution Agreement. Each Party agrees that, notwithstanding
anything to the contrary herein, effective as of the Closing, (a) that certain Distribution and
License Agreement, dated as of February 8, 2016, as amended from time to time, by and
between Seller and Buyer (the “Distribution Agreement”) shall terminate and be of no
further force or effect, and (b) the payment of the portion of the Closing Cash
Consideration deliverable by Buyer to Seller at the Closing will relieve Buyer of any and
all payment and other obligations to Seller under the Distribution Agreement; provided,
however, that Seller acknowledges and agrees that the obligations of confidentiality and
the protection of confidential information pursuant to Section 21 of the Distribution
Agreement binding Seller shall survive the termination of such Distribution Agreement
pursuant to its terms.
Appears in 1 contract Asset Purchase Agreement (Generation NEXT Franchise Brands,
Inc.)
● Termination of Distribution Agreement. Effective as of the date of this Agreement, the
Distribution Agreement is hereby terminated in all respects and except as set forth in the
immediately succeeding sentence, the Distribution Agreement shall be null and void and
of no effect whatsoever, and no party to the Distribution Agreement shall have any further
right, liability, or obligation thereunder. Notwithstanding the termination of the Distribution
Agreement, the provisions of Article 1 (Definitions) of the Distribution Agreement shall
survive the termination of the Distribution Agreement solely for purposes of this
Agreement; the provisions of Article 12 (Confidential Information) and Section 16.13
(Press Releases and Announcements) of the Distribution Agreement shall survive the
termination of the Distribution in accordance with Section 4 of this Agreement; the
provisions of Section 7.3 (Technical Support) of the Distribution Agreement shall survive
the termination of the Distribution Agreement until the first anniversary of the date hereof;
Article 8 (Product Warranties) of the Distribution Agreement shall survive the termination
of the Distribution Agreement; and the provisions of certain sections of Article 14
(Indemnification; Insurance Requirements) of the Distribution Agreement shall survive the
termination of the Distribution Agreement in accordance with Section 6 of this Agreement.
Capitalized terms used, but not defined herein, shall have the meanings ascribed to them
in the Distribution Agreement.
Appears in 1 contract Termination of Distribution Agreement (Ivivi Technologies, Inc.)
● Termination of Distribution Agreement. Effective upon the Closing Date, the
Distribution Agreement is terminated and all rights of LABSCO under the Distribution
Agreement, including without limitation: (i) the right to distribute Cepheid products after
the Closing Date, (ii) the rights of payment for future product shipments under reagent
sales and reagent rental agreements, (iii) the rights of payment for future service
performance under service agreements, (iv) the rights to offer service agreements and to
perform any future services relating to Cepheid products, and (v) LABSCO’s rights under
Paragraph 14 of the Distribution Agreement related to Cepheid products sold prior to the
Closing Date are also terminated. Cepheid’s and LABSCO’s obligations under Paragraph
18 of the Distribution Agreement shall survive termination of the Distribution Agreement.
Appears in 1 contract Purchase Agreement (Cepheid)
● Termination of Distribution Agreement. If Buyer and Walmec shall have agreed to
enter into a distribution agreement as provided in Section 2.1, then Marson and Walmec
shall have agreed to terminate their current distribution agreement effective as of the
Closing Date.
Appears in 1 contract RPM Inc/Oh/
● Termination of Distribution Agreement. Parties hereby mutually
------------------------------------- agree to a termination of the Distribution Agreement effective
as of November 16, 1998.
Appears in 1 contract Termination of Distribution Agreement (Aastrom Biosciences Inc)
● Termination of Distribution Agreement. The Distribution Agreement has been
effectively terminated in accordance with its terms. The parties acknowledge that any
continuing obligations which survive the termination of the Distribution Agreement shall
continue notwithstanding the release contained in Section 10 of this Agreement.
Appears in 1 contract Settlement Agreement and Mutual Release (Benthos Inc)