Asset Contract definition
Examples of Asset Contract in a sentence
With respect to each such Asset, Contract, property or right for which a necessary consent has not been obtained (excluding nontransferable governmental Permits), Seller shall use all commercially reasonable efforts to otherwise obtain for Buyer, at no additional cost to Buyer, the benefits of such Contract, property or right until such consent is obtained.
Contractor shall also provide associated design and configuration to implement County use of the IT Asset Contract Management and Software Asset License Management modules and provide services to complete Phase 1 enhancements, each as defined in Exhibit D (Phase II Statement of Work).
To the extent any right under any IT Asset Contract is transferred to the Acquiror or its Affiliates, or any Liability under any IT Asset Contract is assumed by the Acquiror or its Affiliates, either pursuant to this Section 5.5(c) at the Closing or pursuant to the Transition Services Agreement following the Closing, such right or Liability, as applicable, shall be deemed to be a Transferred Asset or Assumed Liability, as applicable, for purposes of this Agreement.
IT Asset Contract Management $ 19,950.00 Software Asset / License Compliance $ 24,700.00 Additional Services $ 9,500.00 Total Services $ 54,150.00 EasyVista will invoice County for this SOW as milestone payments based on Accepted Deliverables by Phase.
Sellers shall hold in trust for and pay to Buyer, promptly upon receipt thereof, all income, proceeds, recoveries and other monies received by Sellers or any of their Affiliates in connection with its use of any Purchased Asset, Contract or Permit in connection with the arrangements under this Section 6.6(b).
In addition, Seller shall be entitled to exercise any and all other remedies allowed by applicable law, including enforcing specific performance of this Real Property and the Asset Contract provided that any amounts received by Seller under the Letters of Credit shall be applied, dollar for dollar, against any damages or reimbursements to which Seller is entitled hereunder.
No such portion of the Secondary Cash Payment in connection with a transfer of Delayed Asset Contract shall be contingent upon the transfer of any other Delayed Asset Contract.
The sale and purchase of the Real Property shall be closed at such place as Purchaser and Seller agree on the Closing Date, which shall be the Closing Date under the Asset Contract.
Spartan and ▇▇▇▇▇▇▇ each covenant and agree that it will use Commercially Reasonable Efforts to transfer the benefits and obligations of the Spartan Operating Asset Contracts to ▇▇▇▇▇▇▇ effective as of the Effective Time whether through (a) the assignment of a portion of the Spartan Operating Asset Contracts to ▇▇▇▇▇▇▇; (b) the termination of the existing Spartan Operating Asset Contract and the entering into a new contract by ▇▇▇▇▇▇▇; or (c) other means acceptable to the parties.
The Unincorporated JV Asset Contracts are in full force and effect in accordance with their respective terms and there exist no defaults by Company or the Subsidiaries, or, to Seller’s Knowledge, by another Party thereto in the performance of any obligation thereunder and no event has occurred that, with notice or lapse of time, or both, would constitute any default under any such Unincorporated JV Asset Contract.