Terminated Contract definition
Terminated Contract has the meaning set forth in the Custodial Agreement.
Terminated Contract has the meaning specified in Section 2.7(c).
Terminated Contract has the meaning specified in Section 2.16(b).
Examples of Terminated Contract in a sentence
With respect to any Terminated Contract, the Reinsurer shall transfer to the Ceding Company cash and/or other Eligible Assets having a Fair Market Value equal to the Terminated Contract Transfer Amount within five (5) Business Days of the Parties’ agreement on the Terminated Contract Transfer Amount.
The Ceding Company shall calculate, and the Parties shall mutually agree upon, the Terminated Contract Transfer Amount for such Terminated Contract.
The effective date with respect to the transfer of any Terminated Contract pursuant to this Section 2.7(c) shall be the date assets in the relevant amount in respect thereof are transferred to the Ceding Company.
Any Terminated Contract discovered during such period shall be deemed to be removed from Schedule D.
More Definitions of Terminated Contract
Terminated Contract shall have the meaning set forth in Section 3.6.
Terminated Contract means a Contract which has reached its Contract Termination Date and has not been renewed or extended or any Contract terminated pursuant to its terms.
Terminated Contract means any contract, agreement, arrangement or obligation, whether written or oral, which has been terminated in accordance with its terms or fully performed, provided that “Terminated Contract” shall only include oral contracts, agreements, arrangements and obligations that are material to the Company and its Subsidiaries, taken as a whole, or where the financial obligation thereunder exceeds or could exceed $10,000.
Terminated Contract means an Assumed Contract (other than the Nikko Distribution Agreement) that is terminated or not renewed by Buyer following the Closing in accordance with the terms of such Assumed Contract, including that such termination must be effected during a period when termination without cause is permitted under such Assumed Contract, provided that such termination or non-renewal is effective prior to the third anniversary of the Closing Date.
Terminated Contract means (a) each Lone Star Material Contract listed on First Guaranty Bancshares Disclosure Schedule Section 5.14, (b) any other Lone Star Material Contract requested by First Guaranty Bancshares to be amended, modified or terminated that is not included on Lone Star Disclosure Schedule Section 3.12(a), and (c) any contract, agreement, or other commitment that would have been a Lone Star Material Contract pursuant to Section 3.12(a)(x) but for the annual amount payable by Lone Star thereunder and that is requested by First Guaranty Bancshares to be amended, modified or terminated. For the avoidance of doubt, (i) prior to the Closing Date, First Guaranty Bancshares may remove Lone Star Material Contracts from First Guaranty Bancshares Disclosure Schedule Section 5.14 and such Lone Star Material Contracts will no longer be deemed to be Terminated Contracts, (ii) to the extent that First Guaranty Bancshares desires that a Terminated Contract remain in effect for a period of time after the Closing Date, the expense accrual for such Terminated Contract shall be reduced to reflect expenses to be incurred in connection with a termination on such future date (but only if the expenses as of such date are lower than on the Closing Date), as determined in good faith by First Guaranty Bancshares (which accrued expenses, for the avoidance of doubt, shall not be included in the calculation of Transaction Expenses, Lone Star’s Adjusted Net Tangible Shareholders’ Equity, or the Merger Consideration), and (iii) First Guaranty Bancshares will be responsible for the amendment, modification or termination of any contract or agreement subject to this Section 5.14 after the Closing Date and all costs, fees, expenses, contract payments, penalties or liquidated damages necessary to be paid in connection with the termination of each such contract or agreement shall be paid with the funds accrued for such purpose by Lone Star (which accrued funds, for the avoidance of doubt, shall not be included in the calculation of Transaction Expenses, Lone Star’s Adjusted Net Tangible Shareholders’ Equity, or the Merger Consideration.
Terminated Contract means a contract of a Corporation listed in the Schedules that is designated in the Schedules as being a contract that will be terminated by the Corporation at or prior to Closing;
Terminated Contract. Each Contract owned by the Borrower on such date that has been terminated in accordance with the terms thereof.