Beneficial Contract definition
Examples of Beneficial Contract in a sentence
In consideration of the mutual promises, covenants, and agreements set forth below and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Merchant and HSBC agree as follows: 1 “HMY Roomstore, Inc.” was inadvertently misspelled in the Beneficial Contract as “H Y Roomstore, Inc.” 2 Beneficial was later merged into Household Bank (SB), N.A. in 2002.
Merchant and HSBC desire to formally amend and restate the Second Beneficial Contract, the amendments thereto, and new terms and conditions as part of this Agreement which will supersede any and all of the previous agreements between the parties except for the obligations and duties which arose prior to the Effective Date of this Agreement.
To the extent Sellers are unable to obtain any consents to the transfer of any Business Contract that would be a Transferred Contract were such consent obtained, such Business Contract shall be a Retained Beneficial Contract.