This Agreement will automatically terminate without any notice or other action by any party hereto upon the earliest to occur of (a) the mutual written consent of each Consenting Senior Note Holder and Emergent, (b) the termination of the Master Transaction Agreements, or (c) July 31, 2017; provided , that nothing herein shall relieve any party hereto from liability for any breach of this Agreement and this Section 3.03 and Section 3.04 shall survive any termination of this Agreement. Upon the termination of this Agreement in accordance with this Section 3.03 , the Consenting Senior Note Holders shall have no further obligations hereunder and shall retain all rights, powers, privileges and remedies under the Indenture and all other Transaction Documents.