Affiliated Contract definition
Examples of Affiliated Contract in a sentence
For the avoidance of doubt, the release under this Section 7.15 shall not in any way apply to or affect the Excluded Entities or any Affiliated Contract.
At the request of Buyer, each Seller shall cause any Affiliated Contract to which it is a party to be assigned (to the extent assignable) to Buyer or its designee or to be canceled, in each case effective at the Closing Time.
Upon receipt of such written notice, the Member affiliated with such Affiliated Counterparty shall have 45 days to cause the Affiliated Counterparty to cure any such material breach or material default or such shorter cure period from the date of breach or default as provided for under the relevant Affiliated Contract.
Prior to or on the Closing Date, the Companies shall terminate or otherwise cancel each Affiliated Contract, and no Affiliated Contract shall be regarded as an Assumed Contract.
In addition, the VEREIT Member may, on behalf of the Company or a Subsidiary, exercise any right of termination expressly set forth in an Affiliated Contract with the Investor Member or an Affiliate of the Investor Member, subject to any grace or cure periods set forth therein.
The Partnership may do business and enter into contracts with any of the Partners or any Affiliate of any Partner (each, an "Affiliated Contract") for such consideration and upon such terms as are unanimously approved by the General Partners, the members of the Management Committee or the Authorized Representatives, such approval not to be unreasonably withheld.
Any Unallocated Contract other than an Affiliated Contract shall be handled in accordance with Section 2.1(e).
Except for the foregoing, the Administrative Member shall not cause the Company or any Subsidiary to enter into any Affiliated Contract without the prior written consent of the Members.
In addition, the Investor Member may, on behalf of the Company or a Subsidiary, exercise any right of termination expressly set forth in an Affiliated Contract with the VEREIT Member or an Affiliate of the VEREIT Member, subject to any grace or cure periods set forth therein.
In addition, all decisions as to any amendment, modification, enforcement, extension and/or termination of, or the exercise or waiver by the Company or any Subsidiary of any rights or options it may have under, any Affiliated Contract and all decisions with respect to any litigation in which any Affiliate of a Member is involved in opposition to the Company or a Subsidiary shall be made by the Member which is unaffiliated.