Commingled Contracts definition
Examples of Commingled Contracts in a sentence
Promptly after the date hereof, the Sellers shall, and shall cause each of their Subsidiaries to, use commercially reasonable efforts to identify all Internal RCAP Commingled Contracts, provide a schedule of such identified Internal RCAP Commingled Contracts to Apollo, and supplement such schedule from time to time after the initial delivery thereof if additional Internal RCAP Commingled Contracts are subsequently identified.
Section 3.23 of the Company Disclosure Schedules sets forth a correct and complete list of all Commingled Contracts as of the date hereof.
General 16 Section 2.2 Transfer of Assets and Assumption of Liabilities 16 Section 2.3 Treatment of Commingled Contracts 19 Section 2.4 Termination of Intercompany Contracts 19 Section 2.5 Intercompany Accounts 20 Section 2.6 Nonassignability of Assets and Liabilities 20 Section 2.7 Wrong Pockets 22 Section 2.8 Novation of Liabilities.
From and after the date hereof, the Parties shall take actions reasonably necessary to allocate rights and obligations under such Commingled Contracts in accordance with the foregoing.
Schedule 7.3 sets forth a list of all Commingled Contracts for the supply of products or services which obligates the Seller or its Subsidiaries to make annual payments allocable to the Business in excess of $250,000.
Seller shall use reasonable best efforts to, within sixty (60) days of the date hereof, provide Purchaser with a list of all Material Commingled Contracts and true, correct and complete copies of all Material Commingled Contracts and all amendments thereto.
The Parties have determined that it is advisable that the Excluded Commingled Contracts be separated into separate Contracts between the applicable third party and each of (i) the business retained by Seller and its Affiliates (including the Conveyed Companies) and (ii) the Business.
Without limiting the generality of the foregoing, at the request of Buyers, promptly following the Execution Date (x) Sellers shall send parties to any Commingled Contracts a notice of split and assignment (or request for consent thereto) in a form reasonably acceptable to Buyers and (y) Sellers shall cause their employees and personnel responsible for relationships with counterparties to such Commingled Contracts to request such counterparty’s consent to any split and assignment.
This Section 4.5(a) shall not limit the obligations with respect to Transferred Contracts and Commingled Contracts set forth in Section 4.20.
Seller shall cooperate with Buyer in good faith to facilitate ▇▇▇▇▇’s efforts to evaluate the Commingled Contracts and determine the treatment thereof under this Section 5.18, including by providing reasonable information requested by Buyer regarding the underlying Commingled Contracts on a “clean team-only” basis and subject to the limitations set forth in Section 5.2(a).