Examples of Material Assumed Contract in a sentence
It shall be a condition precedent to Transferee's obligations pursuant to Section 7.2 that such consents to the assignment of each Material Assumed Contract shall have been obtained prior to the Funding Date.
Revenue in our U.S. Federal segment was $425.4 million in Q3 2019, an increase of $48.2 million or 12.8% over the same period last year.
As of the date hereof, except as would not, individually or in the aggregate, have a Cott MAE, neither Seller nor any Affiliate of Seller is in breach of, or default under, any Cott Material Assumed Contract which has not been cured or waived nor, to the Knowledge of Seller, is any other party to any Cott Material Assumed Contract in breach of, or default under, any such Cott Material Assumed Contract which has not been cured or waived.
If such consent to assignment of a Material Assumed Contract is not obtained but Transferee nonetheless elects to proceed with funding the Escrow Account, then the condition precedent that the consent to the assignment of such Material Assumed Contract be obtained shall be deemed to have been modified by Transferee so that Transferor shall assign such Material Assumed Contract to Transferee at Closing.
Except as disclosed in Schedule 6.7, each Cott Material Assumed Contract is valid and binding on Seller or such Affiliate and in full force and effect and neither Seller nor such Affiliate has assigned any of its rights thereunder.
Giants Reef decided to forfeit the Joint Venture tenements based on the lack of productivity of the venture, given its long life span, coupled with the low to moderate exploration potential of the Claims relative to recently defined high-priority exploration targets.
Experts’ AppraisalAs regards the average student workload and the number of credits awarded, the Master’s programme in Global Studies is in accordance with the Framework of Qualifications for the European Higher Education Area.
ADP shall provide Purchaser with prompt written notice of the execution of any other such additional Contract which ADP desires Purchaser to assume at the Closing, at which time Purchaser shall have the option to either accept or reject the inclusion of such Contract as an Assumed Contract (or, as applicable, a Material Assumed Contract) hereunder, which option shall be expressed in a writing delivered to ADP and exercised in Purchaser’s sole and absolute discretion.
Seller is not in material default or alleged to be in material default on any term of any such Material Assumed Contract.
If such consent is not obtained or such assignment is not permitted or otherwise attainable pursuant to Sections 105, 363 and/or 365 of the Bankruptcy Code or pursuant to the terms of the Approval Order regarding any Assumed Contract that is not a Material Assumed Contract, then such Purchased Asset shall not be transferred hereunder and the Closing shall proceed with respect to the remaining Purchased Assets without any reduction in the Purchase Price.