Key Contracts. The assumption or rejection (in each case, pursuant to section 365 of the Bankruptcy Code) and/or amendment of the Contracts described in Section 1.1 of the Company Disclosure Schedules as of the Closing Date and the liabilities of the Reorganized Debtors with respect to such Contracts shall, in the aggregate, be reasonably satisfactory to the Requisite Commitment Parties.
Key Contracts. Developer shall perform its obligations under, and observe all of the provisions of, the Key Contracts and shall not, without the prior written consent of the Authority:
Key Contracts. 2.14 Termination of any Key Contract, or the failure by the Franchisee to take all reasonable steps to enter into an appropriate replacement contract prior to the scheduled expiry date of any Key Contract, except where requested by the Secretary of State or to the extent that the Franchisee has demonstrated to the reasonable satisfaction of the Secretary of State that for the duration of the Franchise Term:
Key Contracts. The Borrower will not, and will not permit any of its Subsidiaries to,
Key Contracts. The Section Developer shall not permit any termination (except for default of a Key Contractor), amendment to, or material departure from a Key Contract, except with MDOT's prior approval, if the proposed course of action may reasonably be expected to have a material adverse effect on the ability of the Section Developer to perform its obligations under the Section P3 Agreement. The Section Developer shall not permit any substitution, replacement, or assignment of any Key Contractor except with MDOT's prior approval (subject to certain carve outs to be included in the Section P3 Agreement).
Key Contracts. The terms of each Key Contract [(including but not limited to design, construction, testing, commissioning and operation and maintenance)]37 have been complied with by the Vendor in all material respects and, so far as the Vendor is aware, the other parties to the Key Contracts (in each case) in all material respects.
Key Contracts. The procedure and timetable of actions for the process of the Vendor transferring, assigning or novating the Key Contracts to the Purchaser.
Key Contracts. It may be appropriate to include paragraph (b) if the transaction has a concept of “Key Contract” (or similar). The secured party may prefer a transfer by way of security (or mortgage) over contractual rights where the contract is material to the secured party. In these circumstances, the secured party may want to prevent the contract from being amended. Under the general law, a transfer of the contractual rights to the secured party will have the effect of preventing the grantor and counterparty from amending the contract whereas the granting of a charge or other security interest which does not involve any transfer may not: see Xxxxx x Xxxxxxxxx (1878) 3 QBD 569.
Key Contracts. The Development Entity shall perform its obligations under, and observe all of the provisions of, the Key Contracts and shall not, without the prior written consent of the Department:
Key Contracts. 1.1 The provisions of this Schedule 14.3 apply to all contracts designated as Key Contracts from time to time.
