System Contracts definition
Examples of System Contracts in a sentence
With respect to System Contracts, Buyer will accept and comply with any commercially reasonable non-monetary obligation imposed by a contract party other than a Seller.
Schedule 4.11 sets forth all of the System Contracts, other than System Contracts involving annual payments of $50,000 or less, individually, or $1,000,000 or less in the aggregate, and except for System Contracts identified on Schedule 4.7, 4.8 or 4.12 and those not required to be listed on Schedule 4.8(b) due to the $50,000 threshold set forth in Section 4.8(b).
All intangible assets other than TCI System Franchises, TCI System Licenses and TCI System Contracts, including subscriber lists, accounts receivable, claims (excluding any claims relating to TCI Excluded Assets), patents, copyrights and going concern value, if any, that are owned, held for use or used in connection with TCI's Cable Business and in which TCI or any Affiliate of TCI has, or acquires prior to Closing, any right, title or interest.
With respect to System Contracts, the Seller which is a party to the System Contract may elect, in its sole discretion, to satisfy any monetary obligation imposed by a contract party by reducing the Purchase Price by the amount thereof, as determined by the mutual agreement of Buyer and such Seller, each acting reasonably.
Sellers have delivered to Buyer accurate copies of all written System Contracts that are identified in Schedule 4.7, 4.8, 4.11 or 4.12.