Non-Material Contract definition

Non-Material Contract means any Contract, other than the Real Property Leases, the Personal Property Leases, the Property Contracts and the Material Contracts, which was entered into in the ordinary course of the Business consistent with past practice in an arm’s length transaction.

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Non-Material Contract any contract, commitment, lease, purchase order, contract to purchase raw materials, contract for services and supplies, contract to sell products or any other agreement (whether written or oral), in each case which involves less than $5,000 per year or can be cancelled without penalty within 30 days.

Non-Material Contract has the meaning set forth in Section 3.08(b). “Party” and “Parties” has the meaning set forth in the Preamble hereof.

Examples of Non-Material Contract in a sentence

If such consent is not obtained, Seller shall cooperate with the Buyer to the extent legally permissible and feasible in any reasonable arrangement designed to provide for Buyer the benefits of any Non-Material Contract, including, without limitation, the enforcement, for the account and benefit of the Buyer, of any and all rights of Seller against any other person with respect to a Non-Material Contract.
At the request of Buyers, representatives of Seller shall be available to answer questions with respect to the determination of the Deferred Revenue Liability and the Closing Backlog and shall provide such documentation and information used in Seller’s determination of the Assumed Payables, the Deferred Revenue, the Material Contract Closing Backlog and the Non-Material Contract Closing Backlog.
Any New Contract that does not meet (i) or (ii) above shall be designated a Non-Material Contract.
The DDA shall be responsible for the direct payment of all costs, fees and expenses due to a counterparty pursuant to a Non-Material Contract, a Specified Contract or any contract with a Project Team member as required pursuant to the terms of such agreements.
Employees shall have their vest immediately available when on shift.
At the time any ------------ ----------- such Additional Contract is entered into (other than Capacity Sales Agreements and agreements entered into pursuant to clause (b)), the Borrower and the ---------- Administrative Agent (upon consultation with the Independent Engineer, if necessary) shall designate such Additional Contract as either an "Additional Material Contract" or an "Additional Non-Material Contract".
On and after the Closing Date, Ludlow shall, at the request of Lydall, use its reasonable efforts to enter into agreements to remove Lydall from all obligations and liabilities (whether primary or secondary) under all contracts with continuing obligations, which includes any Non-Material Contract and each contract, commitment, lease, purchase order, contract to purchase raw materials, contract for services and supplies, contract to sell products or other agreement set forth in Schedule 5.8 attached.
Any consent required as a result of the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated hereby under any Non-Material Contract shall not prevent the consummation of the transactions contemplated by this Agreement.

More Definitions of Non-Material Contract

Non-Material Contract means [* * *] (a) [* * *] that is available on [* * *] and [* * *] in [* * *], (b) [* * *] to the [* * *] on use of [* * *] entered into in the [* * *], (c) [* * *] entered into in the [* * *] which do not [* * *] of an amount [* * *] in any [* * *] or (d) [* * *] that has [* * *], [* * *], or for which the [* * *] have been [* * *] and pursuant to which [* * *].

Non-Material Contract means any Contract entered into in the Ordinary Course of Business, and (i) such Contract does not contemplate or involve the payment in cash or other consideration, performance of services or delivery of goods or materials to or by a Party in an aggregate amount or value in excess of $25,000, or (ii) the Contract has a term of less than 60 days or may be terminated by a Party (without penalty) within 60 days after the delivery of a termination notice by such Party.

Non-Material Contract has the meaning set forth in Section 4.14.2.