Minor Contracts definition

Minor Contracts means all Contracts that are not Material Contracts.

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Minor Contracts mean any contract and other agreement (other than the Material Contracts), whether written or oral, to which any Acquired Company is a party or by which any Acquired Company is bound.

Minor Contracts is defined in Section 4.16(a).

Examples of Minor Contracts in a sentence

• Except as specified in Section 1.15 of the Company Disclosure Schedule, none of the assets of the Company is subject to any Liabilities, except: (a) Liabilities under any Contracts specifically disclosed on the Company Disclosure Schedule, (b) Liabilities under Minor Contracts and (c) Liabilities reflected in the Last Balance Sheet or incurred in the ordinary course of business after the Last Balance Sheet Date and reflected in the books and records of the Company.

• 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.

• None of the rights of the Acquired Companies or any of their Subsidiaries under the Minor Contracts will be terminated or impaired by the completion of the Acquisition, except where any such termination or impairment would not and would not reasonably be expected to have, individually or collectively, a material adverse effect on the Acquired Companies and their Subsidiaries taken as a whole.

• Schedule 3.3 also lists Consents required under all Minor Contracts that involve monetary obligations of or to any constituent entity of the MS Division of more than $25,000 per year.

• Sellers shall, through the Effective Time, continue to faithfully and diligently perform each and every continuing obligation of Sellers, if any, under each of the Real Property Leases, Minor Contracts, Material Contracts, Franchise Agreements and Development Agreements in accordance with Sellers' historical practices.

More Definitions of Minor Contracts

Minor Contracts is defined in Section 4.16.1.

Minor Contracts means Contracts entered into in the ordinary course of the Business which involve financial obligations of Seller of less than $50,000 individually and $100,000 in the aggregate, which have a duration of three months or less, or which are cancelable on thirty (30) days notice without penalty to Seller.

Minor Contracts is defined in Section 1.08(a).

Minor Contracts means any contract and other agreement (other than the Material Contracts), whether written or oral, to which any FMLP Operating Entity is a party or by which any FMLP Operating Entity is bound relating to or affecting the Business.

Minor Contracts. To the extent directly relating to the Business, any blanket inventory purchase order by Seller in an aggregate amount of less than $5,000 annually and of a duration of less than one year, any other purchase and sale order by Seller under $5,000, and any agreements relating to office equipment, production support equipment, maintenance, security or utilities, or other contracts and agreements which, in the aggregate for all contracts and/or agreement with any one Person, result in the incurrence of annual expenditures by Seller of less than $5,000.

Minor Contracts shall have the meaning set forth in Section 3.10(a).

Minor Contracts. Any blanket inventory purchase order by either of the SP Companies in an aggregate amount of less than $10,000 annually and of a duration of less than one year, any other purchase or sale order by either of the SP Companies under $10,000, and any agreements relating to office equipment, production support equipment, maintenance, security or utilities, or other contracts and agreements which, in the aggregate for all contracts and/or agreements with any one Person, result in the incurrence of annual expenditures by either of the SP Companies of less than $10,000.