Net Contracts definition

Net Contracts means the total amount owed to Borrower and its Subsidiaries under Contracts less all deferred interest or finance charges thereon, in each case as determined in accordance with GAAP, consistently applied and otherwise in a manner consistent with the past practices of Borrower and its Subsidiaries.
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Examples of Net Contracts in a sentence

  • Concurrently with the execution of this Agreement, the Parties are entering into that certain Interim Agreement Regarding AT&T-Health Net Contracts, pursuant to which the Parties and AT&T have agreed to terminate certain Health Net-AT&T contracts (or portions thereof) under which AT&T is providing services that will be provided by Supplier under this Agreement.

  • Borrower represents and warrants to the Bank that, other than the defaults regarding the foregoing described ratio of Bad Debt Expense to Net Contracts and expenditures for fixed assets, no Event of Default has occurred and remains continuing under the Credit Agreement.

  • In the event that Purchaser terminates this Agreement pursuant to this Section 4(b), Purchaser shall have no obligation to pay for any Contract Costs or negative Net Contracts Revenues, and Purchaser shall waive any rights or obligations to the Net Contract Revenues.

  • If the Net Contracts Revenues for such month is negative, Purchaser shall assume and agree to pay such negative amount as part of, but only up to, the collective maximum of $300,000.00 Assumed Liabilities pursuant to Section 1.2(d) of the Purchase Agreement.

  • Managed Third Party Management Services activities for both BPaaS and Non-BPaaS Health Net Contracts include: • Identification of all suppliers services, and categorizes them according to supplier type, significance and criticality.

  • If the Net Contracts Revenues for such month are positive, Seller shall and transfer and convey such Net Contracts Revenues to Purchaser.

  • In reliance upon the foregoing, the Bank hereby waives the Bad Debt Expense to Net Contracts ratio covenant contained in Section 4.9(d) of the Credit Agreement for the fiscal quarters ended September 30, 1996 and December 31, 1996 only.

Related to Net Contracts

  • IT Contracts means any agreements, licences or other contractual arrangements with third parties relating to the IT Systems or IT Services, including licences of all software, leases of hardware and other procurement of IT Systems or IT Services;

  • Project Contracts mean a contract or contracts with respect to the acquisition and/or construction of the Improvements entered into by the Company or the Issuer.

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Customer Contracts has the meaning set forth in Section 1.1(b)(ii)(A).

  • Project Contract means any Contract, excluding this Agreement and, as and when executed, the Ancillary Agreements [reserved], to which Seller is a party, or by which Seller or any of the Project Assets is bound, that relates to or has the primary purpose of supporting the Work or the Project, including, for the avoidance of doubt, any Contract pursuant to which Seller or any of its Affiliates is granted a real property or other interest in the Project Site (in whole or in part) or is licensed or granted the right to use, or holds or possesses, any Project Intellectual Property Rights.