Third-Party Obligation definition

Third-Party Obligation means allowable expenditures made by Grantee pursuant to the execution of binding written obligations or purchase orders with third-party contractors or vendors for the provision of services, including professional services, or the purchase of tangible personal property and real property for the Project;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Third-Party Obligation has the meaning provided therefor in the definition of “Contingent Obligation.”

Third-Party Obligation means, with respect to a Target nominated by Moderna as a Research Target pursuant to Section 2.2, that Carisma or any of its Affiliates has as of the date of such nomination, as evidenced by written records, already granted to a Third Party an exclusive license or option to obtain an exclusive license to Develop and Commercialize products incorporating or directed to such Target.

Examples of Third-Party Obligation in a sentence

• Requests for Reimbursements on a Third-Party Obligation shall be submitted by Grantee to the Department within 30 days from the date the Third-Party Obligation was incurred as evidenced by an unpaid invoice received by the Grantee from a third-party contractor or vendor.

• The Third-Party Obligation was not incurred according to the Grantee’s procurement code and/or policies.

• A NOO issued for force labor account expenditures cannot be used for any other purpose unless the tribal entity has obtained an amended or new NOO for another Third-Party Obligation.

• With respect to claims arising from computer hardware or software manufactured by a third party and sold by Contractor as a reseller, Contractor will pass through to Indemnitees, in addition to the foregoing provision, such indemnity rights as it receives from such third party (“Third-Party Obligation”) and will cooperate in enforcing them; provided that if the third-party manufacturer fails to honor the Third-Party Obligation, Contractor will provide Indemnitees with indemnity protection.

• The Grantee certifies, to the best of its knowledge and belief, no funds have been paid or will be paid to or for the benefit of an elected official, officer, or employee of the Grantee in connection with the awarding of any Third-Party Obligation.

More Definitions of Third-Party Obligation

Third-Party Obligation means any contractual or other ---------------------- obligation of a party or any of its Affiliates to a Third Party, including, without limitation, an obligation to make payments to a Third Party for a license to technology or in respect of a Third Party's Proprietary Rights.

Third-Party Obligation means the royalty payments which Translate Bio or any of its Affiliates owes to any Third Party with respect to a Product in a Licensed Field, in any calendar quarter, arising from an obligation under any Pre-Existing Agreement and/or Future Agreement.

Third-Party Obligation is defined in Section 4.6.3.

Third-Party Obligation means an obligation, including without limitation any obligation in relation to confidentiality or Intellectual Property Rights, owed at any time by the Customer to an entity or person who is not a party to this Contract.

Third-Party Obligation means, with respect to any Specified HCP/BKD Agreement, any agreement (including all amendments thereto) if (1) the lender or counterparty thereunder is not HCP or an affiliate of HCP, (2) such agreement was effective and binding with respect to such Specified HCP/BKD Agreement prior to the time HCP and/or its affiliate(s) acquired an interest in or otherwise became a party to such Specified HCP/BKD Agreement (and such agreement (and/or any amendment thereto) was not put in place in connection with or in contemplation of such transaction with HCP and/or its affiliates), and (3) such Specified HCP/BKD Agreement restricts or prohibits the amendment or modification, or waiver of rights, with respect to the Specified HCP/BKD Agreement Related Transfer Provisions in such Specified HCP/BKD Agreement as contemplated by this Section 5.5(b) without the consent or approval of the lender or counterparty thereunder.

Third-Party Obligation means any claim, demand, suit, fine, or cause of action brought or imposed by any third party (including any governmental entity, and including any governmental action to suspend or impose sanctions with respect to licensure) that results from or otherwise arises out of: (i) the Indemnifying Party’s negligence or willful misconduct; (ii) the Indemnifying Party’s breach of this Agreement; or (iii) the Indemnifying Party’s failure to comply with applicable law. You are responsible for all acts of Participating Agents and Your other Representatives, and any such individual’s negligence, willful misconduct, breach, or failure to comply with law will be deemed Your act for purposes of this Section 9.1.

Third-Party Obligation of a Person means any agreement, undertaking or arrangement by which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds for the payment of, or otherwise becomes or is contingently liable upon (except to the extent arising solely by operation of law or regulation without independent action by such Person), the obligation or liability of any other Person, or agrees to maintain the net worth or working capital or other financial condition of any other Person, or otherwise assures any creditor of such other Person against loss, including, without limitation, any comfort letter, operating agreement or take-or-pay contract or application for a Letter of Credit but excluding any insurance contracts, reinsurance contracts or other similar arrangements entered into by an Insurance Subsidiary in the ordinary course of its business.