Material Shared Contract definition

Material Shared Contract means any Shared Contract that had an aggregate value of at least $1,000,000 based on payments made or received in calendar year 2021 or that is otherwise material to the operation of the Business.
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Material Shared Contract has the meaning set forth in Section 2.6.
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Material Shared Contract means any Shared Contract that involved the payment or receipt by Seller or its Affiliates for the benefit of the Business of at least $10,000,000 in the twelve (12) month period ended March 31, 2014.
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Examples of Material Shared Contract in a sentence

  • As of the date of this Agreement, to the Knowledge of Seller Parent, no event has occurred and is continuing through any action or inaction on the part of any Seller or any Conveyed Subsidiary (or Subsidiary thereof) that will result in a breach of, or default under, any such Material Contract, Material Shared Contract or Real Property Lease, except for such breaches or defaults that would not be materially adverse to the Business.

  • Since September 30, 2013, no Seller or any Conveyed Subsidiary (or Subsidiary thereof) has received notice of any intention by any party to any Material Contract, Material Shared Contract or Real Property Lease to terminate such Contract or amend the terms thereof, other than modifications in the ordinary course of business consistent with past practice that do not materially and adversely affect the Business or the Purchased Assets.

  • None of Parent or any of its Affiliates is in violation of or default under any Material Shared Contract, and, to the Knowledge of the Sellers, there is no existing or claimed violation or default by any other party to any Material Shared Contract.

  • Schedule 4.22(b) of the Seller Disclosure Letter sets forth a list of each Material Shared Contract and each Shared Facility and, with respect to each, as applicable, (i) the parties thereto (in the case of any Contract, including any lease), (ii) the ownership (or lessor, if applicable), location and use thereof (in the case of any Shared Facility), and (iii) the subject matter of any Material Shared Contract.

  • Such arrangement may include subcontracting, sublicensing or subleasing to the applicable Purchaser or its designated Controlled Affiliate of any and all rights of Seller or its applicable Controlled Affiliate under the Business Portion of such Material Shared Contract to the extent not prohibited under such Material Shared Contract.

  • To the Knowledge of the Sellers, no event has occurred or fact or circumstance exists that, with or without the giving of notice, the lapse or time or both, would constitute a default by any party under a Material Shared Contract.

  • No Seller or any Conveyed Subsidiary (or Subsidiary thereof) is, nor is, to the Knowledge of Seller Parent, any other party thereto, in breach of, or default under, any such Material Contract, Material Shared Contract or Real Property Lease, except for such breaches or defaults that would not be materially adverse to the Business.

  • Schedule 5.19(c) sets forth a list of (i) each Shared Facility and (ii) each Material Shared Contract (and the subject matter thereof).

  • 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.

  • None of Parent or any Seller has received any notice of any actual or threatened termination, cancellation, modification or limitation of any Material Shared Contract.


More Definitions of Material Shared Contract

Material Shared Contract means any material contract or agreement, including maintenance and service agreements, joint venture agreements, purchase commitments for materials and other services, advertising and promotional agreements, non-disclosure and confidentiality agreements, personal property leases, real property leases, collective bargaining agreements (to the extent assignable) and other agreements, including all rights in respect of non-performance or breach thereof, that benefits or otherwise includes rights, interests and/or obligations relating to both (x) any Acquired Assets, Acquired Companies or the Business, on the one hand and (y) any Excluded Assets, PKI or any of this Affiliates (other than any Acquired Company) or any Retained Business, on the other hand (but excluding, for the avoidance of doubt, any Excluded Assets).
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Related to Material Shared Contract

  • Shared Contract shall have the meaning set forth in Section 2.8(a).

  • Shared Contracts has the meaning specified in Section 4.12(b).

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • 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.

  • Acquired Contracts has the meaning given in Section 2.1(a).