Permitted Agreements definition

Permitted Agreements means any Lease, any Series Supplement, any Servicing Agreement, any Series Servicing Supplement, any Securitized Financing Document or other document entered into in connection with or otherwise relating to any Securitized Financing, any assignment of Titling Company Assets or rights relating thereto from any Dealer, Manufacturer or other Person, and any intercreditor agreement relating to any Titling Company Assets or any security interest in property of obligors, each as amended, supplemented or otherwise modified from time to time; provided, however, that no agreement shall be a Permitted Agreement if (a) it contains any financial obligation on the part of the Company that may be satisfied out of Titling Company Assets generally unless a Person other than the Company has agreed to be primarily responsible for such financial obligation in a manner not inconsistent with this Agreement or (b) other than a Lease, it contains any nonfinancial obligation which the Servicer, the Administrator, the Titling Company Registrar or similar service provider has not agreed to perform pursuant to a written agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Permitted Agreements means any of the following: (i) licenses with respect to Company Products in the Ordinary Course of Business and on substantially the same terms set forth in the Company’s Standard Form Agreements for aggregate consideration of less than $150,000 (provided that such consideration is not less than the amounts charged by the Company in substantially similar transactions with respect to such Company Products); or (ii) Shrink-Wrap Code.

Permitted Agreements means any Intercompany Advance Agreement, User Leases, any agreements relating to the acquisition, titling, registration or sale of Trust Assets, any service agreement relating to any Units, any Self Funded Lease Loans, any agreements relating to any Financing, any agreements relating to any deferred like-kind exchange program under the Code, any assignments of Trust Assets or rights relating thereto from GE Capital, any Collateral Agency Agreement, any SUBI, any security agreements and any intercreditor agreements relating to any Trust Assets or any security interest in property of obligors; provided, however, that no agreement shall be a Permitted Agreement if (a) it contains any financial obligation on the part of the Trust that may be satisfied out of Trust Assets generally or (b) it contains any nonfinancial obligation of the Trust which has not been assumed by a servicer.

Examples of Permitted Agreements in a sentence

• Anything to the contrary contained herein notwithstanding, Landlord and Tenant acknowledge and agree that Permitted Agreements shall not constitute, or be deemed to be, the grant of a leasehold interest or otherwise constitute, or be deemed to be, a real property interest.

• In addition, NMAC may enter into agreements with Manufacturers on behalf of the Titling Company so long as such agreements are Permitted Agreements, pursuant to which the Titling Company may acquire vehicles from time to time and enter into the related Leases.

• The Permitted Agreements and the Customers’ rights thereunder shall be subject and subordinate at all times to the Lease and all of its provisions, covenants and conditions.

• Except for Permitted Transfers and Permitted Agreements, no Transfer (whether voluntary, involuntary or by operation of law) shall be valid or effective without Landlord’s prior written consent and, at Landlord’s election, any Transfer or attempted Transfer shall constitute an Event of Default of this Lease.

• The Permitted Agreements and the Permitted Licensees’ rights thereunder shall be subject and subordinate at all times to the Lease and all of its provisions, covenants and conditions.

• Grantor expressly waives its right to prior review of such Permitted Agreements.

• Grantee’s Permitted Agreements with the Permitted Licensees may not affect, or provide any rights with respect to or to use in any manner, the Pathway as defined in Item 7 of the Basic Colocation Information or Grantee’s interconnections.

• Anything to the contrary contained herein notwithstanding, Grantor and Grantee acknowledge and agree that Permitted Agreements shall not constitute, or be deemed to be, the grant of a leasehold interest or otherwise constitute, or be deemed to be, a real property interest.

• The Permitted Agreements and the Permitted Licensees’ rights thereunder shall be subject and subordinate at all times to the Agreement and all of its provisions, covenants and condition.

• Landlord expressly waives its right to prior review of such Permitted Agreements.

More Definitions of Permitted Agreements

Permitted Agreements means the Factoring Agreements, the 2021 Agreements, and any agreements entered into by the Company or a Subsidiary providing for or in connection with a revolving line of credit that is currently in effect or entered into in the future.

Permitted Agreements are, notwithstanding any limitations, restrictions or exclusions on licensing or transferring of assets, including Intellectual Property, set forth in this Agreement to the contrary, agreements with third parties for the design, development, manufacture, sale or other commercialization of (i) patient-specific instruments for use with off-the-shelf (i.e., non-customized / not patient-specific) joint implants and/or (ii) patient-specific instruments for use with patient-specific joint implants, provided that such agreements do not prevent Borrower from designing, developing, manufacturing, using, selling or otherwise commercializing its current products and any future improvements or next generation of its current products and do not result in transfer of any Intellectual Property of Borrower. “Permitted Indebtedness” is: (a) Borrower’s Indebtedness to the Lenders and Collateral Agent under this Agreement and the other Loan Documents; (b) Indebtedness existing on the Effective Date and disclosed on the Perfection Certificate(s); (c) Subordinated Debt; (d) unsecured Indebtedness to trade creditors and Indebtedness in connection with credit cards incurred in the ordinary course of business; (e) Indebtedness consisting of Finance Lease obligations and purchase money Indebtedness, in each case incurred by Borrower or any of its Subsidiaries to finance the acquisition, repair, improvement or construction of fixed or capital assets of such Person, provided that (i) the aggregate outstanding principal amount of all such Indebtedness does not exceed Two Hundred Fifty Thousand Dollars ($250,000.00) at any time and (ii) the principal amount of such Indebtedness does not exceed the lower of the cost or fair market value of the property so acquired or built or of such repairs or improvements financed with such Indebtedness (each measured at the time of such acquisition, repair, improvement or construction is made); (f) Indebtedness incurred to finance insurance premiums, the aggregate amount of which outstanding at any given time may not exceed Two Million Dollars ($2,000,000.00);

Permitted Agreements means any Intercompany Advance Agreement, User Leases, any agreements relating to the acquisition, titling, registration or sale of Trust Assets, any service agreement relating to any Units, any Self Funded Lease Loans, any agreements relating to any Financing, any agreements relating to any deferred like-kind exchange program under the Code, any assignments of Trust Assets or rights relating thereto from GE Capital, GECB, CPLC, GECCI, any Collateral Agency Agreement, any SUBI, any security agreements and any intercreditor agreements relating to any Trust Assets or any security interest in property of obligors; provided, however, that no agreement shall be a Permitted Agreement if (a) it contains any financial obligation on the part of the Trust that may be satisfied out of Trust Assets generally or (b) it contains any nonfinancial obligation of the Trust which has not been assumed by a servicer.

Permitted Agreements means the Tradename Licensing Agreement between Lender and Borrower, that certain Administrative Services Agreement between Network Medical Management, Inc. and Borrower, and that certain Special Purpose Shareholder Agreement between Borrower and APC.

Permitted Agreements means (i) the Supply Agreement, dated as of July 1, 1999, between Holdings and Suiza Foods Corporation (known as ▇▇▇▇ Foods Company as of the Issue Date), (ii) the Assumption Agreement, dated as of July 1, 1999, among Holdings, the Company and ▇▇▇▇ Plastics Holdings, (iii) the Registration Rights Agreement entered into among Holdings, ▇▇▇▇ Plastic Holdings and the holders of member units in Holdings, in substantially the form which is an exhibit to the Limited Liability Company Agreement of Holdings and (iv) the Trademark License Agreement, dated as of July 1, 1999, among the Company, Holdings and Continental Can Company, Inc.

Permitted Agreements means the Agreement between ▇▇▇ Radio and ▇▇▇ Alabama, Inc., dated as of January 1, 1999, as amended, and the Amended and Restated Loan Agreement dated as of April 15, 1998 among Colona SynFuel Limited Partnership, L.L.L.P. (f/k/a Colona SynFuel, L.P.), Somerset SynFuel, L.P. (f/k/a Pageton Synfuel, L.P.) and ▇▇▇ Investment, LLC, as amended by Amendment No. 1 to Amended and Restated Loan Agreement, made as of the 24th day of July, 1998, effective as of the 30th day of June, 1998, as such agreements are in effect on the Second Amendment Date."