Pending Commitments definition

Pending Commitments means pending commitments from Customers to purchase products and services from Company that were received and accepted by Company in the Ordinary Course of Business prior to the Closing Date but call for delivery after the Closing Date.
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Examples of Pending Commitments in a sentence

  • If you do activate a service in violation of this Agreement, you will be responsible for all subscription fees.

  • The Business sold and transferred to Buyer has (and as of the Closing shall have) no Liabilities of any nature whatsoever except for Pending Commitments under Customer Contracts and other obligations under Customer Contracts incurred in the Ordinary Course of Business.

  • Effective on and as of the Closing on the Closing Date, for the consideration set forth herein, Seller shall be deemed to assign and shall assign to Buyer, its successor and assigns, all of Seller’s right, title and interest in and to the Customer Contracts, and each of them, all revenues associated therewith, all Customer Files and all Pending Commitments.

  • Schedule 4.10 includes the list of Customers and Customer prospects (which prospects Seller believes to be viable prospects), together with a written summary setting forth the terms and conditions of each Customer Contract to which Seller is a party and which involves the Business and all Pending Commitments.

  • All of Seller’s interest (including all rights, benefits, duties and obligations) in all written or oral contracts, agreements, Pending Commitments or other arrangements or agreements and understandings, with all Customers, including those identified on Schedule 4.10, and all outstanding offers or solicitations to enter into any of the foregoing (“Customer Contracts”).

  • The transfer of the Assets will be subject to no Liability of any nature whatsoever applicable to the Company, except for Pending Commitments and related obligations under Customer Contracts incurred in the Ordinary Course of Business and those matters disclosed in Schedule 3.3.

  • The transfer of the Purchased Assets and the Business will be subject to no Liability of any nature whatsoever applicable to Buyer, except for Pending Commitments and related obligations under Customer Contracts incurred in the Ordinary Course of Business, which Customer Contracts shall be completed in the Ordinary Course of Business.