Universal Contracts definition
Universal Contracts means all contracts, leases, agreements, indentures, licenses, mortgages, commitments or binding arrangements or relationships pursuant to which any Universal Entity is either a party or a third party beneficiary.
Examples of Universal Contracts in a sentence
Each Universal Entity shall maintain its assets in their present state of repair (ordinary wear and tear excepted), and shall use its reasonable best efforts to keep available the services of its employees, to continue to perform in material compliance with its obligations under the Universal Contracts and to preserve the goodwill, if any, of its business and relationships with the customers, licensors, suppliers, distributors and brokers with whom it has business relations.