Assignable Contracts definition
Examples of Assignable Contracts in a sentence
No consents, approvals, filings or registrations with any third party or any public body, agency or authority are required in connection with Seller’s consummation of the transactions contemplated hereby, other than any required lessor consent to the assignment of the Banking Center Lease, required consents to the assignment of the Assignable Contracts and Equipment Leases and receipt of regulatory approvals referenced in Section 7.1.
Buyer and Seller shall cooperate to promptly prepare and file all necessary documentation to effect and obtain (and will support each other in obtaining and keep each other informed of the status thereof) all Consents as of the Closing, including any Consents needed to assign to Buyer all of the Assignable Contracts and all of the Assignable Permits.
Seller will use its commercially reasonable efforts to obtain all consents, approvals or authorizations of all governmental authorities or agencies or third parties required for the execution, delivery and performance by Seller of this Agreement and the consummation by it of all transactions contemplated hereby or for the assumption by Purchaser of the Real Property Lease, the Equipment Leases, the Assignable Contracts and the Safe Deposit Contracts.
If Purchaser fails to provide timely notification to Seller of its intention to assume the Assignable Contracts, Seller will give notice to the Receiver that it elects not to assume any Assignable Contracts.
All of the-Non- Assignable Contracts are, to the best knowledge of Hallador, set forth on Schedule 2.3. In the event that any such consent is not obtained, Hallador agrees to provide the Partnership (at no cost to the Partnership) with the same economic and other benefits of any such Non-Assignable Contract as if it had been assigned on the Closing Date.
To the extent Purchaser is using any such Assignable Contracts, it will promptly pay directly to the Receiver or any third parties directed by the Receiver or, if not possible, to Seller all costs under the terms of such Assignable Contracts.
Assignable Contracts are held with the following vendors: - AT ▇▇▇▇▇▇▇▇ Service Company+ - ▇▇▇▇▇▇▇▇ Group - Critical Cleaning, Inc.
If such arrangements are not practical, Seller will not exercise the option to assume such Assignable Contracts.
If Purchaser elects to assume any Assignable Contracts, the Parties agree to seek arrangements so that Purchaser can assume any Assignable Contracts directly from the Receiver in the manner contemplated in Section 4.8 of the Primary P&A Agreement.
The Parties acknowledge and agree that the exercise of the option to assume any Assignable Contracts must be made prior to the deadline provided in Section 4.8(a) of the Primary P&A Agreement.