New U Sample Clauses
The "New U" clause typically refers to provisions addressing changes in the identity, structure, or ownership of a party to a contract. In practice, this clause may outline the rights and obligations of the parties if one undergoes a merger, acquisition, or reorganization, specifying whether the contract continues, is assignable, or requires consent. Its core function is to provide clarity and predictability in the event of significant changes to a contracting party, ensuring that both sides understand how such changes affect their contractual relationship.
New U. S. Bank Note. The New U.S. Bank Note;
New U. S. Steel Group Shares..................................................9 NYSE..........................................................................9
New U. K. Property. SHL UK and Buyer will promptly execute that certain letter agreement, attached hereto as Exhibit F, pursuant to which Buyer agrees to use best endeavors to assist SHL UK in locating and negotiating a lease for a London training facility to replace the current facility at Golden Lane, and to reimburse SHL UK at Closing for its costs and expenses in connection therewith, all as set forth therein.
New U. S. Subsidiary 1.1(a) Non-U.S. Plans 2.3(p)(vii) Norwegian Acquisition 1.1(c)(ix) Parent Preamble Parent Indemnitees 8.5 Parent Recommendation 3.2(j) Parent's Ancillary Documents 2.3
New U. S. Franchise Arrangements. As of the applicable New Asset Addition Date with respect to the New U.S. Franchise Arrangement acquired or entered into on such New Asset Addition Date:
(i) Such New U.S. Franchise Arrangement does not contain terms and conditions that are reasonably expected to result in (A) a material decrease in the amount of Collections or Retained Collections, taken as a whole, (B) a material adverse change in nature or quality of Collections, taken as a whole, or (C) a material adverse change in the types of underlying assets generating Collections constituting Franchisee Payments, taken as a whole, in each case when compared to the amount, nature or quality of, or types of assets generating Collections that would have been reasonably expected to result had such New U.S. Franchise Arrangement been entered into in accordance with the then-current Franchise Documents.
(ii) Such New U.S. Franchise Arrangement either (A) is genuine, and is the legal, valid and binding obligation of the parties thereto and is enforceable against the parties thereto in accordance with its terms (except as such enforceability may be limited by bankruptcy or insolvency laws and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law) or (B) if such New U.S. Franchise Arrangement fails to meet the requirements set forth in subsection (ii)(A) above, the Retained Collections with respect to all other New U.S. Franchise Arrangements that fail to meet the requirement set forth in subsection (ii)(A) above commenced and not terminated within the preceding ninety (90) days are not reasonably anticipated to exceed 5% of total Retained Collections in the 12-month period immediately following the commencement of such New U.S. Franchise Arrangement;
(iii) Such New U.S. Franchise Arrangement complies in all material respects with all applicable Requirements of Law;
(iv) The Franchisee related to such New U.S. Franchise Arrangement is not, to the Actual Knowledge of the Manager, the subject of a bankruptcy proceeding;
(v) Continuing Franchise Fees payable pursuant to such New U.S. Franchise Arrangement are payable by the related Franchisee at least monthly;
(vi) Except as required by applicable Requirements of Law, such New U.S. Franchise Arrangement contains no contractual rights of set-off; and
(vii) The Franchise Holder party to such New U.S. Franchise Arrangement has the right to require payment of C...