Immaterial Contracts definition

Immaterial Contracts has the meaning set forth in Section 4.13(a).

Immaterial Contracts means contracts, agreements, instruments, letter agreements, or other documents to which the Borrower is a party or any of its properties is bound: (a) that is not within the definition of Major Project Documents or Easement Documents, (b) under which the Borrower could not reasonably be expected to have obligations, liabilities or revenues equal to or in excess of [***] per year, and (c) a termination of which could not reasonably be expected to result in a Material Adverse Effect.

Immaterial Contracts means Assumed Contracts that are not Material Assumed Contracts.

Immaterial Contracts means contracts having a remaining term of less than one (1) year and involving an expenditure of less than US$25,000 in the aggregate for all obligations under any one contract or $1,000,000 for all such contracts.

Immaterial Contracts. Contracts that (i) require the future payment by the Center of $15,000 or less or the future performance by the Center of services having a value of $15,000 or less, or (ii) are terminable by the Center at any time without cause upon notice of 90 days or less, and that require during the period prior to termination the payment of $15,000 or less or the future performance of services having a value of $15,000, provided that Immaterial Contracts shall not include any Contracts described in paragraphs (a) through (g) of Section 3.15;

Immaterial Contracts means all commitments, contracts, leases and agreements, whether written or oral, which relate to the Facilities or the Assets, (a) which (i) may be terminated by the Seller or any Seller Entity within ninety (90) days without cause and without penalty, and which will have a remaining obligation during their term (as of the Closing Date, and not on an annual basis) of Fifty Thousand Dollars ($50,000) or less, to which the Seller or any Seller Entity is a party or by which the Seller or any Seller Entity or any of the Assets is bound and (ii) are not with any physician or referral source, family member of a physician or referral source, or entity or entities owned by a physician or referral source or physicians or referral source and/or their family members (regardless of the amounts thereof or termination rights with respect thereto), or (b) which exist as of the Closing but are not listed on Schedule 1.1(i) and, following the Closing, the Buyer and/or the Buyer Entities elect to assume the rights and obligations thereunder.

Immaterial Contracts means Contracts other than Material Contracts that (i) require the future payment by any Seller of $40,000 or less or the future performance by any Seller of services having a value of $40,000 or less, or (ii) are terminable by Seller at any time without cause upon notice of 90 days or less, and that require during the period prior to termination the payment of $40,000 or less or the future performance of services having a value of $40,000 or less.

Immaterial Contracts. Contracts that (i) require the future payment by any Seller or Subsidiary of $25,000 or less or the future performance by any Seller or Subsidiary of services having a value of $25,000 or less, or (ii) are terminable by any Seller or Subsidiary at any time without cause upon notice of 90 days or less and that require during the period prior to termination the payment of $25,000 or less or the future performance of services having a value of $25,000 or less, provided that, notwithstanding the foregoing, Immaterial Contracts shall not include any Contracts described in paragraphs (a) through (h) of Section 3.18; Indemnified Party: any Person entitled to indemnification under Article 9; Indemnifying Party: any Person obligated to indemnify another Person under Article 9; Indemnity Notice: written notification of a claim for indemnity under Article 9, other than a Third Party Claim, made by an Indemnified Party to an Indemnifying Party pursuant to Section 9.05(b); Initiating Party: defined in Section 10.02; Intellectual Properties: Seller Intellectual Properties and Subsidiary Intellectual Properties; Interim Closing Balance Sheets: the unaudited individual and combined balance sheets of the Hospital Businesses as of the most recent month end available prior to the Closing Date;

Immaterial Contracts. Contracts that (i) require (a) the future payment by or to Sellers of (I) Five Hundred Thousand Dollars ($500,000) or less in the case of any Fixed Price Contract or (II) Seven Hundred Fifty Thousand Dollars ($750,000) or less in the case of Cost Plus Contracts or (b) the future performance by Sellers of services having a value of (I) Five Hundred Thousand Dollars ($500,000) or less in the case of any Fixed Price Contract or (II) Seven Hundred Fifty Thousand Dollars ($750,000) or less in the case of Cost Plus Contracts, or (ii) are terminable by Sellers at any time without cause