Examples of Existing Arrangements in a sentence
Kmart represents and warrants that not later than the expiration date of the Transition Period, all Kmart Additional Arrangements shall have been terminated and that not later than July 1, 2001, all Kmart Existing Arrangements shall have been terminated and that such arrangements shall not have been extended or renewed.
To the best of its knowledge, Kmart has no material existing contractual relationship with suppliers of products comparable to the products to be supplied under this Agreement other than the Kmart Existing Arrangements.
Each of the Stockholders agrees that the Existing Arrangements (as defined in Annex B hereto) between such Stockholder and/or any of its Affiliates, on the one hand, and the Company and/or any of its Affiliates, on the other hand, shall be amended as specified in Annex B hereto, effective immediately (which Annex B is incorporated herein by reference).
In the event of any inconsistency between the provisions of (i) any of this Agreement, Conditions 6, 7 or 8 or clauses 6, 7, 8 or 9 of the Trust Deed, and (ii) the Existing Arrangements, this Agreement, Condition 6, 7 or 8 and/or Clause 6, 7, 8 or 9 of the Trust Deed (as the case may be) shall prevail.
For the avoidance of doubt, if the Transaction is not consummated, the Existing Arrangements will remain in full force and effect, and this Employment Agreement will be null and void ab initio.