Small Contract definition

Small Contract means any contract, agreement, purchase order, contractual right and other arrangement (other than Customer Agreements), including all amendments thereto, which, as of the Closing, relates exclusively to the Services or the Purchased Assets, to which Seller is a party or otherwise has rights or obligations thereunder and in any case which (x) requires less than $50,000 in aggregate annual payments by the Division and has a remaining term of less than five years, (y) except for the agreements listed on Schedule 2.1(n), do not have as a party thereto any affiliate of Seller, or any affiliate of any employee, officer or director of Seller, and (z) do not restrict the ability of Seller to conduct business in any geographical area or in any line of business, do not limit the ability of Seller to solicit employees, customers or suppliers, do not impose upon Seller any obligation to guarantee or indemnify with respect to any obligations of others (other than the Seller). The Customer Agreements, the Small Contracts and the Scheduled Agreements shall be hereinafter collectively referred to as the "Assumed Agreements"; and
View Source
Small Contract means any contract, agreement, purchase order, contractual right and other similar arrangement (other than Customer Contracts), including all amendments thereto, which, as of the Closing, relates exclusively to the Alarm Service Assets, to which one of the Alarm Subsidiaries is a party or otherwise has rights or obligations thereunder and (a) under which the required future payments by the Companies do not exceed $50,000 in the aggregate, (b) under which future payments by the Companies do not exceed $2,000 per month and relate solely to the provision of office supplies, office equipment, employee uniforms, pagers, wireless phones, vehicles, phone directory advertisements, in each case as entered into in the Ordinary Course of Business, or (c) under which the obligations of the Alarm Subsidiaries can be terminated on no more than 30-day's prior notice without the payment of any amount in excess of $50,000, and in any case do not have as a party thereto any Affiliate, employee, officer or director of the Companies or 5% stockholder of Republic.
View Source

Examples of Small Contract in a sentence

  • Once the Agency and A/E have negotiated and agreed on the scope of services, schedule, fee, and estimated reimbursable expenses, the Agency will issue the A/E a Delivery Order, using the Indefinite Quantity Contract Delivery Order – Small Contract (SE-635) or the Indefinite Quantity Contract Delivery Order (SE-645), which will set forth the parties’ agreement.

  • The insurance shall be written for not less than the limits outlined in Article 7 of the Small Contract Agreement or that required by law, whichever coverage is greater.

  • Extension of Contract Period - If it becomes apparent that the works will not be completed by the date outlined for completion in Article 2 of the Small Contract Agreement for reasons beyond the Contractor's control, then the Contractor shall so notify the Department Representative who shall make, in writing, such extension of time for completion as is reasonable.

  • Once the Agency and A/E have negotiated and agreed on the scope of services, schedule, fee, and estimated reimbursable expenses, the Agency will issue the A/E a Delivery Order, using form SE-635 Professional Services IDC Delivery Order – Small Contract or SE-645 Professional Services IDC Delivery Order, which will set forth the parties’ agreement.

  • Once the Agency and A/E have negotiated and agreed on the scope of services, schedule, fee, and estimated reimbursable expenses, the Agency will issue the A/E a Delivery Order, using the Professional Services IDC Delivery Order – Small Contract (SE-635) or the Professional Services IDC Delivery Order (SE-645), which will set forth the parties’ agreement.

  • In addition to the foregoing requirements, the policy shall provide a waiver of subrogation in favor of the District and shall be endorsed to include the following additional insured language: “Mesa County Valley School District 51, and its elected officials, trustees, employees, and agents, shall be named as additional insureds with respect to liability arising out of the activities performed by, or on behalf of the Contractor." The policy shall be for the following amounts: Small Contract Coverage.

  • In addition, Seller did not enter into new contracts or purchase orders with individual values of $10,000 or less (a "Small Contract") that aggregate more than $100,000, without the approval of Purchaser.

  • Extension of Contract Period - If it becomes apparent that the works will not be completed by the date outlined for completion in Article 2 of the Small Contract Agreement for reasons beyond the Contractor's control, then the Contractor shall so notify the project officer who shall make, in writing, such extension of time for the completion as is reasonable.

Related to Small Contract

  • Similar contract means Motor Vehicle.

  • Company IP Contract means any Contract to which the Company is a party or by which the Company is bound, that contains any assignment or license of, or covenant not to assert or enforce, any Intellectual Property Right or that otherwise relates to any Company IP or any Intellectual Property developed by, with, or for the Company.

  • Group contract means a contract for health care services which by its terms limits eligibility to members of a specified group. The group contract may include coverage for dependents.

  • Open Contract means a Contract which has not been closed out and which has not yet matured;

  • Multiyear contract means a contract that extends beyond a one-year period, including a contract that permits renewal of the contract, without competition, beyond the first year of the contract.