Target Material Contracts definition

Target Material Contracts means the Target Properties Leases, the Office Assumed Loan Documents, the Short Term Loan Documents, the Scheduled Contracts and the documents evidencing or securing the Existing Indebtedness (it being recognized that the documents evidencing or securing the Existing Office Indebtedness shall be terminated in conjunction with the repayment thereof with the proceeds of the Short Term Loan).
View Source
Target Material Contracts means any of the following written agreements, contracts or arrangements, legally binding, or which may be claimed by a third party which is or may be, a party to such agreement, contract or arrangement, to be legally binding upon any Target Entity, whether or not in the ordinary course of business, as follows (i) written agreements, contracts or arrangements, with any Target Member or Affiliate of a Target Member and (ii) any written agreements, contracts or arrangements, for the payment of money or any obligation or rights enforceable against any Target Entity which may equal or exceed the sum of $60,000 and (iii) Target Leases.
View Source
Target Material Contracts has the meaning set forth in Section 3.11.
View Source

Examples of Target Material Contracts in a sentence

  • The Target has made available to Parent correct and complete copies of all Target Material Contracts.

  • To the Knowledge of Target, the cancellation of any such Target Material Contracts at any time by the other Person would not have a Target Material Adverse Effect.

  • Except in the ordinary course of business consistent with past practice or as otherwise permitted under this Section 5.01 and except as disclosed in the Target Disclosure Letter, enter into or terminate any Target Material Contract or amend or modify in any material respect any of its existing Target Material Contracts.

  • Section 3.15(b) of the Target Disclosure Letter sets forth a true and complete list as of the date hereof of all Target Material Contracts.

  • The Target has made available to Acquirer correct and complete copies of all Target Material Contracts, including any amendments thereto.

  • Target has made available to Acquiror true and accurate copies of all Target Material Contracts.

  • Target Material Contracts are valid and binding and are in full force and effect and enforceable in accordance with their respective terms (assuming the other parties thereto are bound, as to which Target has no basis to believe otherwise), subject to the Enforceability Exceptions.

  • The contracts listed in this Section 3.10 of the Target Disclosure Schedule are referred to collectively as the "Target Material Contracts".

  • Each of the Target Material Contracts is in full force and effect.

  • Each of the Target Material Contracts is in full force and effect, and there exists no default or event of default or event, occurrence, condition or act with respect to Target or, to Target’s knowledge, with respect to the other contracting party or otherwise that, with or without the giving of notice, the lapse of the time or the happening of any other event or conditions, would become a default or event of default under any Target Material Contract.


More Definitions of Target Material Contracts

Target Material Contracts means the burden and benefit of and the right, title and interest of Target in, to and under all trade and non-trade contracts, engagements or commitments, whether written or oral, to which Target is entitled in connection with the Target Business whereunder Target is obligated to pay or entitled to receive the sum of $10,000 or more including, without limitation, any pension plans, profit sharing plans, bonus plans, loan agreements, security agreements, indemnities and guarantees, any agreements with employees, lessees, licensees, managers, accountants, suppliers, agents, distributors, officers, directors, attorneys or others which cannot be terminated without liability on not more than one month's notice;
View Source
Target Material Contracts means any Contract: (i) that, if terminated or modified or if it ceased to be in effect, would reasonably be expected to have a Material Adverse Effect on Target; (ii) under which Target or any of its subsidiaries has directly or indirectly guaranteed any liabilities or obligations of a third party (other than ordinary course endorsements for collection) in excess of $500,000 in the aggregate; (iii) relating to indebtedness for borrowed money, whether incurred, assumed, guaranteed or secured by any asset, with an outstanding principal amount in excess of $500,000; (iv) providing for the establishment, organization or formation of any joint ventures; (v) under which Target or any of its subsidiaries is obligated to make or expects to receive payments in excess of $500,000 over the remaining term of the contract; (vi) that limits or restricts Target or any of its subsidiaries from engaging in any line of business or any geographic area in any material respect; (vii) which provides for change of control, severance, retention or related payments or benefits to directors, officers or employees of Target or any subsidiary of Target; (viii) that relates to a Target Benefit Plan; or (ix) that is otherwise material to Target and its subsidiaries, considered as a whole; and, for greater certainty;
View Source

Related to Target Material Contracts

  • Parent Material Contract shall have the meaning as set forth in Section 4.14 of the Agreement.

  • Material Contracts has the meaning set forth in Section 3.09(a).

  • Company Material Contracts has the meaning set forth in Section 3.13(a).

  • Company Material Contract has the meaning set forth in Section 3.15(a).

  • 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.