Material Assigned Contract definition

Material Assigned Contract means a Material Contract that is also an Assigned Contract.
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Material Assigned Contract means any Assigned Contract that has a term of more than twelve (12) months, requires payment by the Seller to the third party or by the third party to the Seller, of more than €50,000, or is material
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Material Assigned Contract is defined in Section 3.12.
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Examples of Material Assigned Contract in a sentence

  • Seller has not received any written notice of the intention of any party to terminate any Material Assigned Contract.

  • No member of the Seller Group has, except as disclosed in the applicable Schedule, received any written or, to Seller's knowledge, oral notice of the intention of any party to terminate any Material Assigned Contract.

  • Complete and correct copies of each Material Assigned Contract (including all modifications, amendments and supplements thereto and waivers thereunder) have been made available to Buyer.

  • No event or circumstance has occurred that, with notice or lapse of time or both, would constitute an event of default under any Material Assigned Contract or result in a termination thereof or would cause or permit the acceleration or other changes of any right or obligation or the loss of any benefit thereunder.

  • To the Knowledge of the Seller, no party to any Material Assigned Contract has repudiated any provision of any Material Assigned Contract.

  • Each Material Assigned Contract, with respect to the Seller, is legal, valid, binding, enforceable, in full force and effect and, assuming compliance with the applicable matters referred to on Schedule 3.4, will continue to be so on identical terms following the Closing Date.

  • Each Material Assigned Contract is denoted with a * on Schedule 4.5(a) of the Sphinx Disclosure Letter and each Material Shared Contract is denoted with a ** on Schedule 4.5(a) of the Sphinx Disclosure Letter.

  • Except as set forth on SCHEDULE 4.01(j), each Material Assigned Contract is in full force and effect and is valid and enforceable against Tiger Bay in accordance with its terms.

  • Subject to the consents listed on Schedule 4.11, the consummation of the transactions contemplated by this Agreement will not (and will not give any person a right to) terminate or modify any rights of, or accelerate or increase any obligation of Seller under any Material Assigned Contract.

  • The Seller is not in breach or default, and no event has occurred that with notice or lapse of time would constitute a breach or default, or permit termination, modification or acceleration, under any Material Assigned Contract.


More Definitions of Material Assigned Contract

Material Assigned Contract means each Assigned Contract that following Closing would require capital expenditures by Buyer in excess of $5,000 or involve performance of services by or delivery of goods or materials to Buyer of an amount or value in excess of $5,000.
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Material Assigned Contract means any Assigned Contract that has a term of more than twelve (12) months, requires payment by the Seller to the third party or by the third party to the Seller, of more than €50,000, or is material to the operation of the Business.
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Related to Material Assigned Contract

  • Assigned Contract means any Contract entered into by, or otherwise legally binding on, Seller or its Subsidiaries that relates exclusively to the Business or the Transferred Assets.

  • Assumed Contract means any Executory Contract or Unexpired Lease assumed by the Reorganized Debtors in accordance with Article V of the Plan.

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Seller Contract any Contract (a) under which Seller has or may acquire any rights or benefits; (b) under which Seller has or may become subject to any obligation or liability; or (c) by which Seller or any of the assets owned or used by Seller is or may become bound.

  • Material Contract means any contract or other arrangement (other than Loan Documents), whether written or oral, to which any Credit Party is a party as to which the breach, nonperformance, cancellation or failure to renew by any party thereto could reasonably be expected to have a Material Adverse Effect.