Non-Cancellable Contract definition
Non-Cancellable Contract means, as of any date of determination, a contract between a Borrower and its customer providing for the rendering of services by a Borrower to such customer for a period of at least twelve months, and such contract may not be terminated by such customer without cause during such twelve-month period.
Examples of Non-Cancellable Contract in a sentence
SmartMoves® Contract Number S0301042 dated May 17, 2002, between Southwestern ▇▇▇▇ Telephone, L.P. and Villas at Eldorado, Ltd., as evidenced by Memorandum of Contract dated May 17, 2002 recorded August 9, 2002 in Volume 5229, Page 6 of the Real Property records of Collin County, Texas, is a Non-Cancellable Contract, as defined in Section 5(e) of the Contract, and is to be listed on Exhibit F attached to the Contract.