Assigned Contact definition
Examples of Assigned Contact in a sentence
Seller is not in default of any Assigned Contact, no event has occurred which with notice or lapse of time would constitute a breach or default of an Assigned Contract and, to the Knowledge of Seller Parties, no other party to any such Assigned Contract is in default thereof.
Following the Closing, Purchaser will use its commercially reasonable efforts to procure the release by the applicable counterparty of any continuing obligation of the Sellers or their Affiliates with respect to any Contract which is an Assigned Contact (including any Seller Guarantees) and will indemnify and hold harmless the Sellers and their Affiliates from and against any Liability resulting from or relating to any such obligation.
Each of the Conditions Precedent for CustomFin Auto’ purchase of the Assigned Contact has been satisfied.
A definitive listing of the Assigned Contracts is set forth on SCHEDULE B, attached hereto and incorporated by reference, and SCHEDULE B identifies with specificity the Seller(s) that is(are) a party to each Assigned Contact.
Seller is not in default of any Assigned Contact, no event has occurred which with notice or lapse of time would constitute a breach or default by Seller of an Assigned Contract and, to the Knowledge of Seller Parties, no other party to any such Assigned Contract is in default thereof.
Seller agrees to take all action necessary to assign such Contract to Buyer and thereafter such Contract shall be deemed an Assigned Contact pursuant to this Agreement.