Nonassignable Contracts definition

Nonassignable Contracts. Agreement shall have the meaning given to it in Section 2.2(c). Organic Document shall mean, with respect to a Person which is a corporation, its charter, its by-laws and all shareholder agreements, voting trusts and similar arrangements applicable to any of its capital stock and, with respect to a Person which is a partnership, its agreement and certificate of partnership, any agreements among partners, and any management and similar agreements between the partnership and any general partners (or any Affiliate thereof). PBGC shall mean the Pension Benefit Guaranty Corporation and any Entity succeeding to any or all of its functions under ERISA. Permitted Liens shall mean (a) Liens for current taxes not yet due and payable, (b) such imperfections of title, easements, encumbrances and mortgages or other Liens, if any, as are not, individually or in the aggregate, substantial in character, amount or extent and do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby, or otherwise materially impair the conduct of the Seller Business, and (c) such other Liens as are permitted by the provisions of this Agreement to be in place on the Closing Date. Person shall mean any natural individual or any Entity.
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Nonassignable Contracts. Agreement shall have the meaning given to it in Section 6.2(n). Note Agreement shall have the meaning given to it in the fifth Whereas paragraph. Organic Document shall mean, with respect to a Person which is a corporation, its charter, its by-laws and all shareholder agreements, voting trusts and similar arrangements applicable to any of its capital stock and, with respect to a Person which is a partnership, its agreement and certificate of partnership, any agreements among partners, and any management and similar agreements between the partnership and any general partners (or any Affiliate thereof). Other Agreement shall have the meaning given to it in the fourth Whereas paragraph.
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Nonassignable Contracts has the meaning specified in Section 2.3.1.
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Examples of Nonassignable Contracts in a sentence

  • Nonassignable Contracts and Permits; Required Consents............

  • Notwithstanding anything to the contrary contained in this Agreement, to the extent that such consents are not obtained, or the benefits of such Nonassignable Contracts are not provided to Purchaser, Purchaser shall have no obligations with respect thereto.

  • With respect to any Nonassignable Contract for which the applicable consent of any Authority or other Person is not obtained prior to the Termination Date and for which ATS does not timely deliver an Acceptance Notice as described in the preceding sentence, CSD and ATS shall negotiate in good faith to reach an equitable sharing of the rights and obligations under such Nonassignable Contracts.

  • With respect to any Nonassignable Contract for which the applicable consent of any Authority or other Person is not obtained prior to the Termination Date and for which ATS does not timely deliver an Acceptance Notice as described in the preceding sentence, Seller and ATS shall negotiate in good faith to reach an equitable sharing of the rights and obligations under such Nonassignable Contracts.

  • Buyer shall be responsible only for the liabilities or obligations arising out of the Nonassignable Contracts or Authorizations listed on Schedule 2.2 to the extent they are assigned or transferred to Buyer pursuant to the terms of this Agreement or Buyer is provided with the benefits, claims, and rights under such Nonassignable Contracts or Authorizations.

  • As of and from the Closing Date, Sellers shall authorize PCHK2 (or its applicable Subsidiaries), to the extent permitted by applicable Laws and the terms of the Non-assignable Contracts, at the PCHK2’s expense, to perform all the obligations and receive all the benefits of Sellers under the Non-assignable Contracts and appoints Buyers its attorney-in-fact to act in its name on its behalf.

  • To this end, Purchaser hereby grants to Seller a non-exclusive license to use the Purchased Assets solely for the purpose of allowing Seller’s continued provision of services to all such customers until all Nonassignable Contracts have expired or been terminated prior to the expiration of their then-current terms.

  • Notwithstanding the foregoing, Metrocall has assumed all Liabilities associated with the Nonassignable Contracts as of the date hereof, in accordance with the terms of the Asset Purchase Agreement (the "Nonassignable Contracts Liabilities").

  • APT hereby agrees that it shall not amend or enter into any agreement or take any other action relating to the Non-assignable Contracts without Loral's prior written consent.

  • Certain Contracts and/or Permits set forth in Schedules 1.01(g) and 1.01(h) may be nonassignable under their terms except with the consent of a party other than Seller (collectively, the "Nonassignable Contracts" or collectively, the "Nonassignable Permits") (which Nonassignable Contracts and/or Nonassignable Permits are identified on the relevant schedule with an asterisk).


More Definitions of Nonassignable Contracts

Nonassignable Contracts. Agreement shall have the meaning given to it in Section 6.2(i).
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Nonassignable Contracts means any Contract listed on Schedule 1.1(d).
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Nonassignable Contracts. As defined in Section 1.4(b).
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Nonassignable Contracts shall have the meaning set forth in SECTION 2.8.
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Related to Nonassignable Contracts

  • Non-Assignable Contract means any agreement, contract or license to which any Grantor is a party that by its terms purports to restrict or prevent the assignment or granting of a security interest therein (either by its terms or by any federal or state statutory prohibition or otherwise irrespective of whether such prohibition or restriction is enforceable under Section 9-406 through 409 of the UCC).

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

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

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

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