Examples of Split Contract in a sentence
EIL shall deliver at Closing duly executed novation agreements, transfers or assignments of the Contracts and Split Contracts in favour of BZ WBK the appropriate form of which shall be reasonably determined by EIL, together with the relevant Third Party Consents except that this paragraph shall not apply in relation to any Contract or Split Contract where the necessary Third Party Consent has not been obtained by Closing, in which case such contract shall be transferred in accordance with Schedule 8.
Promptly upon the delivery of Buyer's consent to the terms and conditions of the division of the rights and obligations under any Split Contract, the Emmis Entities shall assign such Split Contract to Buyer and Buyer shall assume such Split Contract.
Buyer acknowledge and agree that any determination by the Contracts Committee shall not be binding with respect to a Split Contract unless and to the extent any such Split Contract is formally amended in a written agreement that is executed by each of the parties thereto.
To the extent the rights and obligations of any Split Contract have not been divided and assumed by Buyer on or prior to Closing, the obligations of the parties under this Section 6.6 shall survive until the earlier of (i) the division and ----------- assumption by Buyer of any Split Contract, or (ii) the expiration thereof.
A Player signatory to a Split Contract shall be included in Actual Club Payroll at the total amount of his actual baseball earnings under that Contract from Major League Clubs (and from National Association clubs, if any) for that Contract Year, subject to subparagraph (g) below.
Each of the Purchased Contracts is in full force and effect and has not been amended or modified (unless a Purchased Contract has become a Split Contract).
Notwithstanding the foregoing, in no event shall any Split Contract Novation Agreement supersede the rights and obligations of Purchaser and its Affiliates vis-à-vis the rights and obligations of Seller and its Affiliates under this Agreement, including those set forth in Section 2 or Section 9 hereof.
Accordingly, as soon as practicable from the date of this Agreement AIB and the Purchaser shall, in good faith, use reasonable endeavours to procure that the Split Contracts are divided without cost to BZ WBK resulting from such split such that the portion of the relevant Split Contract relating to BZ WBK can be transferred to BZ WBK.
In relation to any Contract or Split Contract which is not assignable without a Third Party Consent and in relation to the TSA Third Party Consents, EIL shall use reasonable endeavours both before and after Closing to obtain all necessary Third Party Consents as soon as is reasonably practicable and shall keep the Purchaser and BZ WBK informed of progress in obtaining such Third Party Consents.
Seller and Purchaser shall reasonably cooperate, upon the request of either party, to determine whether an obligation under any Split Contract is an obligation of Seller or of Purchaser, and shall allocate responsibility for such obligation accordingly.