Minor Contract definition

Minor Contract means any Contract that is terminable by a Company Group Member on not more than 30 days’ notice without any Liability and any Contract under which the obligation of the Company Group Members (fulfilled and to be fulfilled) involves an amount of less than $25,000.

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Minor Contract means any Contract that (i) is terminable by a party on not more than 30 days’ notice without any Liability, (ii) was entered into in the ordinary course of Business of the Companies under which the obligation of a party (fulfilled and to be fulfilled) involves an amount of less than $25,000 in any twelve month period, and (iii) was entered into other than in the ordinary course of Business of the Companies under which the obligation of a party (fulfilled and to be fulfilled) involves an amount of less than $10,000.

Minor Contract means any one of the following:

Examples of Minor Contract in a sentence

• The parties acknowledge that no consents will be sought with respect to any Minor Contract even if the failure to so obtain a consent to assignment may result in a default or termination thereunder.

• The Scope and Fee is updated with this amendment to include Minor Contract Revisions.

• Except as set forth in Section 4.17(c) of the Seller Disclosure Schedule, no event has occurred which with or without the giving of notice or lapse of time, or both, may conflict with or result in a violation or breach of, or give any Person the right to exercise any remedy under or accelerate the maturity or performance of, or cancel, terminate or modify, any Material Contract or Minor Contract, in any material respect.

• The parties acknowledge that no consents will be sought with respect to any Minor Contract even if the failure to so obtain a consent to assignment may result in a default or termination thereunder; provided, however, that Seller will assist Purchaser, to the extent reasonably requested by Purchaser, in obtaining consents or transfers and assignments of the Minor Contracts.

• Except with respect to the contracts specified in Schedule 4.3 (the "Required Consents"), the Transactions will not require any filing, consent or approval under, conflict with, or result in or constitute a Default under (a) any Regulation or Court Order to which the Company is subject, (b) any provision of the certificate of incorporation or bylaws of the Company, or (c) any Contract other than a Minor Contract to which the Company is a party or by which any of its Assets may be bound.

More Definitions of Minor Contract

Minor Contract means any Contract under which the executory obligation of a party involves an amount of less than $10,000.

Minor Contract is defined in Section 6.1(e).

Minor Contract has the meaning assigned to such term in Section 1.1 of the Building Loan Agreement.

Minor Contract means any contract let by the city for the performance of public works in an amount of one hundred twenty-five thousand dollars ($125,000.00) or less, or such other amount as may be established from time to time by resolution of the city council.

Minor Contract is defined in Section 5.1.8.

Minor Contract is defined in Section 3.14(a).

Minor Contract means any Company Contract that does not contemplate or involve the payment of cash or other consideration in an amount or having a value in excess of $50,000.