Split Contracts definition

Split Contracts means those contracts which relate to both the Northern Business and the Southern Business, the benefits and liabilities of which shall be apportioned between the Purchaser and the Stock Purchaser pursuant to the Framework Agreement.

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Split Contracts means the agreements to which a Group Company is a party which relate partly but not exclusively to one or more of the Hotels to the extent that at Completion the same remain to be completed or performed or remain in force, including but not limited to those listed in Part 1 of Schedule 10 but excluding any agreement other than a Construction Document relating to the ownership, use or occupation of any of the Properties;

Split Contracts has the meaning specified in Section 8.11(e).

Examples of Split Contracts in a sentence

• Except as set forth in Section 2.02(v) of the Disclosure Schedule, (i) all of the Southern Site Leases are with Persons who are not affiliates of the Sellers or the Parent and (ii) none of the Southern Site Leases, Assigned Contracts or Split Contracts will, after Closing, be with Parent or any of its affiliates.

• If at any time in the eighteen (18) month period following the Closing Date, the Purchaser or any of its affiliates receives a refund amount or a reduction in an amount payable from a vendor that relates to a contractual overpayment under any of the Assigned Contracts, the Split Contracts or the Southern Site Leases by the Sellers in the period prior to the Closing Date, the Purchaser shall turn over such refunded amount or an amount equal to the reduction, as the case may be, to the Parent.

• Any liabilities or obligations (other than Excluded Liabilities) that relate to both the Northern Business and the Southern Business (including the Split Contracts) shall be apportioned between the Purchaser and the Stock Purchaser based upon the Agreed Sharing Proportion or as otherwise provided for in the Framework Agreement.

• This Section 5.01(a) does not relate to Shared Customer Care Split Contracts or Shared GPS Split Contracts, which are addressed in Section 5.01(c).

• Simultaneously with Closing, Seller shall deliver to Buyer un-redacted copies of all of the Purchased Contracts attached to Schedule 2.2(a) (including true and correct copies of all Split Contracts).

• None of the assets (including rights under contract and/or licence, other than under the Split Contracts) owned by a Group Company åre used or required for use at a hotel or in a business not owned and/or operated by a Group Company.

• Buyer acknowledge and agree that a committee (the Contracts Committee) shall be established at Completion to act as a forum within which the Buyer and the Seller shall discuss such matters as may from time to time arise in relation to Split Contracts.

• On or prior to the Conditions Precedent Date, Seller shall negotiate new Split Contracts with Customers for all Combined Contracts.

• With respect to the Split Contracts, Seller shall remain liable for all obligations of the landowner thereunder only to the extent such obligations relate to and encumber real property retained by Seller as of the date of this Instrument.

• The provisions of Clauses 11.1 (Business Contracts) to 11.4 (Split Contracts) shall not apply to any lease or agreement for lease or licence of any Business Property which is the subject of Schedule 2 (Property Matters), nor in relation to any contract of employment which is the subject of Clause 10 (The Employees).

More Definitions of Split Contracts

Split Contracts means the Contracts indicated in Schedule B hereto, each of which provides for a Purchased Royalty and contains other ongoing rights, obligations and/or Liabilities of Barrick or its Affiliates that are not related to a Purchased Royalty, of which only the portions of each such Contract relating to the Purchased Royalty shall be considered to be a “Purchased Royalty Agreement”;

Split Contracts means those contracts which are material (in the context of both the Worldwide Business and the Excluded Business) and which relate to both the Worldwide Business and the Excluded Business, and those of the Business IP Contracts, which are listed in Division 3 of the List of Contracts;

Split Contracts means the agreements listed in part A of Schedule 22 and other contracts, if any, which provide for the delivery of Laser Gases in the United States of America (ship-to-principle) existing as of the Financial Closing Date between Linde Group in the United States of America and customers to be served from Laser Gases plants owned or operated prior to the closing of the BCA by Linde Group, but which also provide for other deliveries, e.g. deliveries to other geographic regions or deliveries of products other than Laser Gases, and hence need to be split with economic effect as of the Financial Closing Date;".

Split Contracts means the agreements between AIB and each of Northdoor Plc (dated 30 November 2006 for products and services in relation to Hyperion software) and Novell (contract number 7220721 being a Master Licence Agreement for the use of certain Novell software);