Required Contracts Clause Samples
The Required Contracts clause mandates that certain agreements or contracts must be in place as a condition of proceeding with a project or transaction. Typically, this clause specifies which parties are responsible for entering into these contracts, outlines the types of contracts needed—such as insurance policies, subcontractor agreements, or compliance certifications—and may set deadlines for their execution. Its core function is to ensure that all necessary legal and operational arrangements are established in advance, thereby reducing risk and ensuring that all parties are adequately protected and obligations are clearly defined before work begins.
Required Contracts. For each subcontractor approved by Buyer, Supplier shall, prior to the subcontractor performing any work: (a) enter into an agreement with the subcontractor imposing on the subcontractor the same obligations owed by Supplier under this Agreement and the applicable SOW with respect to the work to be performed by the subcontractor, and provide Buyer with a fully executed copy of such agreement; and (b) provide Buyer, upon Buyer’s request, with evidence of the subcontractor’s liability insurance in sufficient coverage and policy limits as required for the work to be performed by the subcontractor.
Required Contracts. All new teachers hired for the 1996-97 school year and thereafter may, at the option of the Board of Education, be required to assume an extra-pay assignment for such salary stipend as is contained within this Contractual Agreement or as otherwise may be established by the Board. The condition of employment may be exercised by the Board of Education for any or all of the first five (5) years of employment, and consideration will be given to assignments consistent with the individual’s qualifications and areas of interest.
Required Contracts. Prior to or at Closing, NPC will execute any and all agreements that PHI customarily requires of franchisees including, but not limited to those described in this Section 1.8.
(a) Prior to or at Closing, PHI will grant and NPC will enter into Pizza Hut, Inc. Location Franchise Agreements in the form attached hereto as Exhibit “B” (the “Franchise Agreement”). A copy of the form of the Franchise Agreement has previously been provided to NPC with PHI’s Franchise Disclosure Document.
(b) If required, prior to or at Closing, NPC will execute a franchisee version of the Pepsi-Cola Beverage Supply and Marketing Agreement (“Pepsi Agreement”) in the form attached as Exhibit “G”, pursuant to which NPC will agree, subject to certain exceptions provided for in the Pepsi Agreement, that Pepsi products will be the exclusive beverages sold, dispensed or otherwise made available or advertised, displayed or promoted in the Restaurants.
(c) Prior to or at Closing, NPC will execute a WingStreet Development Authorization Agreement in the form attached as Exhibit “I”.
(d) Prior to or at Closing, NPC will execute an Amendment(s) to Franchise Agreement in the form attached as Exhibit “K”.
Required Contracts. Sellers shall have assigned to Purchaser each of the contracts listed on SCHEDULE 7.1.5 attached hereto or, alternatively, the Purchaser shall have received satisfactory assurances that it will be granted a new contract on terms substantially as favorable, when taken as a whole, as that with the respective Seller, of each such contract.
Required Contracts. The attached contract forms must be completed specifying the details of the agreement including repayment and work to be performed. These forms may be revised from time to time as needed.
Required Contracts. 1.1(a)(i) Restriction Period..............................................1.8(a)
Required Contracts. 26 7.1.6 [Intentionally omitted] . . . . . . . . . . . . . . . . . . 26 7.1.7 Absence of Material Change . . . . . . . . . . . . . . . . . 26 7.1.8 Concurrent Closing of Tri-Star Transaction . . . . . . . . . 27 7.1.9 Regulatory Approvals . . . . . . . . . . . . . . . . . . . . 27
Required Contracts. There are no contracts or documents that are required to be described in the Parent Guarantor’s Annual Report on Form 10-K or to be filed as an exhibit to the Parent Guarantor’s Annual Report on Form 10-K that have not been so described and filed as required.
Required Contracts. Buyer shall have received contracts with Seller, and certain affiliates of Seller, as identified on Exhibit F, which is attached hereto and by this reference incorporated as if fully set forth herein, agreeing to utilize Firstel for all local and long distance telephone services for a period of three (3) years following the date of closing (except that the contract for Seller only may be for a period of twenty-two (22) months instead of thirty-six (36 months). In the event that Firstel, or its successor in interest, is contracting with MCI at the end of the twenty-two (22) month period, and further provided that Seller contracts to utilize Firstel and/or its successor in interest for all of its local and long distance telephone services for a period of an additional two (2) years following the conclusion of the twenty-two (22) month period, Seller shall pay Buyer an additional $16,000.00 payable at the time of execution of the two (2) year contract.
Required Contracts. The Borrower shall maintain subject to power purchase agreements at least 1,250 gigawatt/hours of its energy production for the subsequent 12-month period.
2.16 Section 7.27. Section 7.27 is hereby inserted to read as follows: