Continuation of Contracts Clause Samples

Continuation of Contracts. Seller shall not modify or amend any Service Contract or enter into any new service contract for the Property, without the prior written consent of Buyer which consent shall not be unreasonably withheld or delayed provided the same is terminable without payment or penalty by the then owner of the Property upon not more than thirty (30) days’ notice.
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Continuation of Contracts. The ELNY Restructured Contracts that are Covered Contracts, Article 75 Contracts or Uncovered Contracts will continue in force following such restructuring unless terminated by the terms of such Contract, and shall be ceded to and assumed by NEWCO pursuant to Section 4.1 and the Reinsurance and Assumption Agreement. It will be the individual responsibility of each non-participating Guaranty Association for providing its statutory coverage to each ELNY Restructured Contract allocated to it as an Excluded Contract.
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Continuation of Contracts. The Company shall use its best efforts to take such actions necessary to ensure the continuation of the contracts referred to in Section 3.05 of the Company Disclosure Letter; provided, however, that this Section 5.01(d) shall not require the payment by the Company of any consent or other similar fee under any such contract.
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Continuation of Contracts. Sellers and Buyers hereby agree to cooperate and use all reasonable endeavors to ensure that all of the Assigned Contracts shall be assigned to the Buyers as of the Effective Date. As the assignment of any Assigned Contract requires the consent of a third party, Sellers and Buyer shall cooperate and use all reasonable endeavors to cause to be executed and delivered to Buyers all documents of assignment necessary to effect the assignment of such Assigned Contracts. In the event that, for any reason, one or several third parties shall refuse to consent to the assignment of an Assigned Contract to any of the Buyers, the Sellers shall provide, or enter into such arrangements so as to provide the benefit of such Assigned Contract to such Buyer under the terms and conditions and for the duration of each such Assigned Contract.
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Continuation of Contracts. Buyer's determination, to its reasonable satisfaction, that any material contract, agreement, lease, license, and other instrument shall as a result of the consummation of the transactions specified herein or otherwise, not be canceled or materially impaired or modified, but shall remain in full force and effect. In addition, consent of any party to any such material contract, agreement, lease, license or other agreement to the assumption thereof by Buyer shall have been obtained, if so required.
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Related to Continuation of Contracts

  • CONTINUATION OF COMPANY In the event of an occurrence described in Section 1.04, if there is at least (1) one remaining Member, the remaining Member has the right to continue the business of the Company. The remaining Member’s successor, assignee, or transferee may continue the business of the Company, provided the successor, assignee, or transferee consents to the continuation in writing and submits any necessary filings to the office of the Secretary of State.

  • Continuation of Agreement This Agreement shall become effective for each Fund as of the date first set forth above and shall continue in effect for each Fund until August 1, 2010, unless sooner terminated as hereinafter provided, and shall continue in effect from year to year thereafter for each Fund only as long as such continuance is specifically approved at least annually (i) by either the Board of Directors or by the vote of a majority of the outstanding voting securities of such Fund, and (ii) by the vote of a majority of the Directors, who are not parties to the Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. The annual approvals provided for herein shall be effective to continue this Agreement from year to year if given within a period beginning not more than 90 days prior to August 1st of each applicable year, notwithstanding the fact that more than 365 days may have elapsed since the date on which such approval was last given.

  • Continuation of Coverage If your coverage is terminated, you may be eligible to continue your coverage in accordance with state or federal law. In accordance with R.I. General Laws §. 27-19.1, if your employment is terminated due to one of the following reason, your healthcare coverage may be continued, provided that you continue to pay the applicable premiums. • Involuntary layoff or death; • The workplace ceasing to exist; or • Permanent reduction in size of the workforce. The period of this continuation will be for up to eighteen (18) months from your termination date, but not to exceed the period of continuous employment preceding termination with your employer. The continuation period will end for any person covered under your policy on the date the person becomes employed by another group and is eligible for benefits under that group’s plan.