SURGE Material Contracts definition
SURGE Material Contracts means the burden and benefit of and the right, title and interest of SURGE in, to and under all trade and non-trade contracts, engagements or commitments, whether written or oral, to which SURGE are entitled in connection with the SURGE Business whereunder SURGE are obligated to pay or entitled to receive the sum of $10,000 or more including, without limitation, any pension plans, profit sharing plans, bonus plans, loan agreements, security agreements, indemnities and guarantees, any agreements with employees, lessees, licensees, managers, accountants, suppliers, agents, distributors, officers, directors, attorneys or others which cannot be terminated without liability on not more than one month's notice, and those contracts listed in Schedule “R” hereto;
Examples of SURGE Material Contracts in a sentence
There has not been any default in any material obligation of SURGE or any other party to be performed under any of SURGE Material Contracts, each of which is in good standing and in full force and effect and unamended (except as disclosed in Schedule "R"), and SURGE is not aware of any default in the obligations of any other party to any of the SURGE Material Contracts; (jj) No Compensation on Termination.