Remaining Contracts definition
Examples of Remaining Contracts in a sentence
Holdings shall not permit the Average Life of Remaining Contracts to be less than the Remaining Time to Maturity of the Loans, as of the last day of any Fiscal Quarter.
Per: “▇▇▇▇▇▇ ▇▇▇▇▇” Per: Per: “▇▇▇▇▇▇ ▇▇▇▇▇” Per: “▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇” All of the Vendor’s right, title and interest in and to the following assets: • computer hardware; • computer software; • machinery and equipment; • office furniture and equipment; • office leaseholds; • new animal facility leasehold; • operating and scientific inventory; • Intellectual Property; • customer lists; • Books and Records; • Permits and Licences; • the Head Office Lease; and • the Remaining Contracts.
Assignor shall establish a bank account jointly with Assignee, and shall inform each counter party to the Remaining Contracts that any payment to Assignor under such Remaining Contracts shall be made to such bank account.
The Business Contracts, the Leasing Contract and the Remaining Contracts, shall be jointly referred to as the “MovilCarga Contracts”.
Each party agrees that Assignor shall cease to receive and enjoy any Benefits or perform any of its obligations under the Remaining Contracts and Assignee shall receive and enjoy all the Benefits and assume the obligations for such Remaining Contracts.
Conditioned upon the due execution and delivery of the TSLTA and the Remaining Contracts Agreement, solely to the extent the matters referred to in clauses (a), (b) and (c) of this Section 3 would cause Seller to fail to satisfy or fulfill the condition to Closing set forth in Section 8.02(a) or Section 8.02(b) of the Purchase Agreement, Buyer hereby irrevocably waives such failure to satisfy or fulfill at or prior to the Closing Date.
Per: Per: Per: Per: All of the Vendor’s right, title and interest in and to the following assets: • computer hardware; • computer software; • machinery and equipment; • office furniture and equipment; • operating and scientific inventory; • Intellectual Property; • customer lists; • Books and Records; • Permits and Licences; • the Head Office Lease; and • the Remaining Contracts.
If Buyer does not elect to so terminate this Agreement, then Buyer shall be deemed to have elected to assume the Remaining Contracts and Seller shall terminate any Service Contract on Buyer’s List other than the Remaining Contracts (the “Terminated Contracts”), at Seller’s sole cost and expense, effective on or before the Closing Date, and shall indemnify Buyer for any cost or expense (including reasonable attorney’s fees) associated with the Terminated Contracts.
Each Party further acknowledges and agrees that (i) the TSLTA, (ii) the Remaining Contracts Agreement and (iii) the Seller Guaranty shall each constitute a Transaction Document for all purposes of the Purchase Agreement and the other Transaction Documents.