Agreements and Commitments. As of the date of this Agreement the Company is not a party or subject to any oral or written executory contract or, to the extent expressly enumerated in paragraphs below, commitment, that is material to the Company, its financial condition, business or prospects, including but not limited to the following:
(a) Any contract, commitment, letter agreement or purchase order providing for payments by or to the Company in an aggregate amount of (i) $10,000 or more in the Ordinary Course or (ii) $5,000 or more not in the Ordinary Course;
(b) Any license agreement under which the Company is licensor (except for any nonexclusive software license granted by the Company to customers in the Ordinary Course); or under which the Company is licensee (except for standard "shrink wrap" licenses for off-the-shelf software products with a license fee or purchase price of under $5,000 per copy or seat);
(c) Any material agreement by the Company to encumber, transfer or sell rights in or with respect to any material item of the Company Intellectual Property (as defined in Section 3.11 hereof), excluding non-exclusive software licenses;
(d) Any agreement for the sale or lease of real or tangible personal property involving more than $10,000 per year;
(e) Any dealer, distributor, sales representative, original equipment manufacturer, value-added remarketer or other agreement for the distribution of the Company's products;
(f) Any franchise agreement;
(g) Any stock redemption or agreement obligating the Company to purchase its capital stock;
(h) Any joint venture contract or arrangement or any other agreement that involves a sharing of profits with other persons or the payment of royalties to any other person, excluding non-exclusive software licenses;
(i) Any instrument evidencing indebtedness for borrowed money by way of direct loan, sale of debt securities, purchase money obligation, conditional sale, guarantee or otherwise, except for trade indebtedness or any advance to any employee of the Company incurred or made in the Ordinary Course, and except as disclosed in the Company Financial Statements;
(j) Any contract containing covenants purporting to limit the Company's freedom to compete in any line of business, market or industry and/or in any geographic area; or
(k) Any contract for the employment of any officer, employee or consultant of the Company or any other type of contract or commitment with any officer, employee or consultant of the Company that is not immediately...
Agreements and Commitments. Except as described on Schedule 4.16, neither the Seller nor any of its Subsidiaries is a party or subject to, and the Purchased Business or Purchased Assets are not otherwise subject to, the following Contracts (collectively, the “Material Contracts”):
(a) any distributor, sales, advertising, agency, or manufacturer's representative Contract involving an annual commitment or payment reasonably expected to be in excess of $75,000;
(b) any collective bargaining agreement or other Contract with any labor union or employee association;
(c) any continuing Contract for the purchase of materials, supplies, equipment or services with a sale price in excess of $75,000;
(d) any employment or consulting Contract or any other Contract with any director, or officer of the Seller, other than oral Contracts of indefinite hire terminable by the Seller without cause or reasonable notice;
(e) any profit sharing, bonus, stock option, pension, retirement, disability, stock purchase, medical, dental, hospitalization, insurance or similar plan or agreement providing benefits to any current or former director, officer, employee, independent contractor or consultant;
(f) any mortgage or promissory note, trust indenture, loan agreement, guarantee or other Contract for the borrowing of money or a leasing transaction of the type required to be capitalized in accordance with GAAP;
(g) any commitment for charitable contributions;
(h) any Contracts for capital expenditures;
(i) any Contract for the sale of any assets, other than sales of inventory to customers in the ordinary course of the Purchased Business;
(j) any Contract pursuant to which the Seller is a lessor of any machinery, equipment, motor vehicles, office furniture, fixtures or other personal property;
(k) any confidentiality, secrecy or non-disclosure Contract (whether the Seller is a beneficiary or obligor thereunder) relating to any proprietary or confidential information or any non-competition or similar Contract;
(l) any license, franchise or other agreement which relates in whole or in part to any Intellectual Property; or
(m) any agreement of guarantee, support, indemnification, assumption or endorsement of, or any other similar commitment with respect to, the obligations, liabilities (whether accrued, absolute, contingent or otherwise) or indebtedness of any other Person, except for checks endorsed for collection in the ordinary course of the Purchased Business. The Seller and its Subsidiaries have performed all of...
Agreements and Commitments. Except for the Contracts and contracts included in the Excluded Assets, there are no commitments, contracts, leases, and agreements (whether written or oral) which materially affect the Facilities, the Assets, or the operation of any thereof, to which a Seller is a party or by which a Seller, the Facilities, the Assets, or any portion thereof is bound, including, without limitation:
(a) agreements with physicians or any other referral sources,
(b) agreements with health maintenance organizations, preferred provider organizations, or other alternative delivery systems,
(c) joint venture or partnership agreements,
(d) employment contracts or any other contracts, agreements, or commitments to or with individual employees or agents,
(e) contracts or commitments materially affecting ownership of, title to, use of or any interest in real estate including any tenant leases,
(f) equipment leases,
(g) equipment maintenance agreements,
(h) agreements with municipalities,
(i) collective bargaining agreements or other contracts or commitments to or with any labor unions, labor organizations, or other employee representatives or groups of employees,
(j) loan agreements, bonds, mortgages, liens, or other security agreements,
(k) patent licensing agreements or any other agreements, licenses, or commitments with respect to patents, patent applications, trademarks, trade names, service marks, technical assistance, copyrights, or other like terms affecting the Facilities or the Assets,
(l) contracts or commitments providing for payments based in any manner on the revenues or profits of the Facilities or the Assets,
(m) agreements, licenses, or commitments relating to data processing programs, software, or source codes utilized in connection with the Facilities or the Assets, and
(n) contracts or commitments, whether in the ordinary course of business or not, which involve future payments, performance of services or delivery of goods or material, to or by a Seller of any amount or value in excess of Ten Thousand Dollars ($10,000) on an annual basis.
Agreements and Commitments. (a) Except as disclosed in Item 2.13(a) of the Disclosure Schedule, neither Lancit nor any Subsidiary is a party to or bound by, and none of the assets of Lancit or any Subsidiary is covered by or subject to, any of the following (whether oral or written):
(i) any lease (a) for real property or (b) for personal property providing for annual rentals for such personal property lease of $5,000 or more or aggregate payments (per lease) for such personal property lease of $10,000 or more;
(ii) any agreement for the purchase of materials, software, supplies, goods, services, equipment or other assets providing for either (A) annual payments by Lancit and the Subsidiaries of $5,000 or more or (B) aggregate payments (per agreement) by Lancit and the Subsidiaries of $10,000 or more;
(iii) any funding, agency, licensing, development, production, co-production, output, air commitment, distribution, rights sharing or back-end agreement or any agreement similar to any of the foregoing;
(iv) any partnership, joint venture or other similar agreement or arrangement;
(v) any agreement relating to the acquisition or disposition of any business (whether by merger, sale of stock, sale of assets or otherwise);
(vi) any agreement relating to indebtedness for borrowed money or the deferred purchase price of property (in either case, whether incurred, assumed, guaranteed or secured by any asset);
(vii) any option, license, franchise or similar agreement;
(viii) any agency, dealer, sales representative, marketing, merchandising, licensing or other similar agreement;
(ix) any agreement that limits the freedom of Lancit or any Subsidiary to compete in any line of business or with any Person or in any area or which would so limit the freedom of the Surviving Corporation or any Subsidiary after the Effective Time;
(x) any agreement pursuant to which Lancit or any Subsidiary has hired or retained a consultant;
(xi) any agreement pursuant to which Lancit or any Subsidiary is subject to confidentiality or non-disclosure obligations;
(xii) any union or collective bargaining contracts with respect to any employees of Lancit or any Subsidiary;
(xiii) any employment or talent agreement; or
(xiv) any other agreement, commitment, arrangement or plan that is material. In lieu of a list, certain types of agreements and other instruments which are not individually material to Lancit are identified in Item 2.13(a) by category, together with a representative sample. Documents in each such category ...
Agreements and Commitments. 2.10.1 Except as set forth in Schedule 2.10.1 attached hereto, in connection with the Business, neither Parent nor any Seller Company is a party to any written or oral:
(a) pension, profit sharing, Option, employee ownership purchase, stock appreciation right, phantom stock option or other plan providing for deferred or other compensation to employees of Seller Companies or any other employee benefit plan (other than as set forth in Schedule 2.22 attached hereto), or any Contract with any labor union or labor group;
(b) Contract relating to loans to officers, directors, managers, Parent or any Affiliates thereof;
(c) Contract relating to the borrowing of money or the mortgaging, pledging or otherwise placing a Lien on any Acquired Asset;
(d) Guarantee that will be an Assumed Obligation;
(e) Contract that will be an Acquired Asset under which Parent or any Seller Company has advanced or loaned or agreed to advance or loan, any Person amounts in the aggregate exceeding $10,000;
(f) Contract pursuant to which Parent or any Seller Company is (and Purchaser will become) lessor of or permits any third party to hold or operate any property, real or personal, owned or controlled by Parent or Seller Companies;
(g) Contract pursuant to which any Parent or any Seller Company is (and Purchaser will become) lessee of any property, real or personal, owned or controlled by another Person;
(h) warranty Contract with respect to its services rendered or its products sold or leased;
(i) Contract or non-competition provision in any Contract prohibiting it from freely engaging in any business or competing anywhere in the world;
(j) Contract for the purchase, acquisition or supply of inventory and other property and assets, whether for resale or otherwise in excess of $10,000;
(k) Contracts with independent agents, brokers, dealers or distributors which provide for annual payments in excess of $10,000;
(l) employment, consulting, sales, commissions, advertising or marketing Contracts;
(m) Contract with Physicians;
(n) Contracts providing for “take or pay” or similar unconditional purchase or payment obligations;
(o) Contracts with Persons with which, directly or indirectly, an Affiliate or Parent also has a Contract;
(p) Contract that requires the consent of any Person, or contains any provision that would result in a modification of any rights or obligation of any Person thereunder upon a change in control of any Seller Company or the sale of the Acquired Assets by Seller Comp...
Agreements and Commitments. Except as specifically identified in Schedule 2.12, Company is not a party or subject to any of the following (whether oral or written):
(a) any contract, commitment, agreement, quotation or purchase order providing for payments by or to Company in an amount in excess of $10,000 individually or $50,000 in the aggregate;
(b) any agreement under which Company is licensor of Intellectual Property (as defined in Section 2.13), or under which Company is licensee of any Intellectual Property of any other person (except for standard “shrink wrap” licenses for off-the-shelf software products);
(c) any agreement by Company to encumber, transfer or sell rights in or with respect to any Intellectual Property (as defined in Section 2.13 below);
(d) any agreement for the sale or lease of real or personal property;
(e) any dealer, distributor, sales representative, original equipment manufacturer, value added remarketer, volume purchase agreement or other agreement for the distribution or sale of Company’s products (other than individual purchase orders in the ordinary course of business consistent with past practice);
(f) any franchise agreement;
(g) any stock redemption or purchase agreement;
(h) any joint venture contract or arrangement or any other agreement that involves a sharing of profits with other persons or the payment of royalties to any other person;
(i) any instrument evidencing indebtedness for borrowed money or guarantees thereof;
(j) any contract containing covenants purporting to limit Company’s freedom to compete in any line of business in any geographic area;
(k) any agreement of indemnification or warranting other than standard warranties in connection with the sale of products and/or services in the ordinary course of business, consistent with past practice;
(l) any agreement, contract or commitment relating to capital expenditures and which involves future payments in excess of $10,000 individually or $50,000 in the aggregate;
(m) any agreement, contract or commitment relating to the disposition or acquisition of any assets by Company or any Intellectual Property, which involves payments individually in excess of $10,000 individually or $50,000 in the aggregate;
(n) any purchase order or contract for the purchase of raw materials which involves payments individually in excess of $10,000 individually or $50,000 in the aggregate;
(o) any agreement relating to the sale, issuance, grant, exercise, award, purchase, repurchase or redemption of any share...
Agreements and Commitments. (i) Appendix 4.16 herein lists all of the agreements and commitments signed by the Company which are in effect and being performed as of the date of this Agreement to which the Company is a party.
Agreements and Commitments. Except as described in Schedule 1.1(ff)(iii), International Tours is not a party to or bound by any Contract relating to the International Tours Business or the International Tours Assets. There is no oral agreement or Contract relating to the International Tours Business or the International Tours Assets which is material to the International Tours Business which has not been disclosed in writing to Travelbyus-IT and Travelbyus. International Tours has performed all of the obligations required to be performed by it and is entitled to all benefits under, and is not in default or alleged to be in default in respect of, any Contract relating to the International Tours Business or the International Tours Assets to which it is a party or by which it is bound; all such Contracts are in good standing and in full force and effect, and no event, condition or occurrence exists that, after notice or lapse of time or both, would constitute a default under any of the foregoing, except as set forth on Schedule 1.1(ff)(iii). International Tours has made available to Travelbyus-IT and Travelbyus a true and complete copy of each Contract listed or described in Schedule 1.1(ff)(iii) and all amendments, variations, extensions and modifications thereto. There is no requirement under any Contract relating to the International Tours Business or the International Tours Assets to which International Tours is a party or by which it is bound and which constitute part of the International Tours Assets to give any notice to, or to obtain the consent or approval of, any party to such Contract relating to the consummation of the transactions contemplated by this Agreement, except for the notifications, consents and approvals described in Schedule 6.1(d)(i)(A). Except as set forth on Schedule 12 or Schedule 13, International Tours has no reason to believe that any of the Contracts relating to the International Tours Business or the International Tours Assets will not be renewed, in the ordinary course of business, from and after their respective expiry dates on similar terms and conditions, but makes no guarantees or assurances in this regard.
Agreements and Commitments. Other than sales and purchases of inventory in the ordinary course of business consistent with past practice, the Company is not a party or subject to any oral or written executory agreement, contract, obligation or commitment that is material to Business, its financial condition, prospects or results of operations, including but not limited to the following transactions in respect of the Assets or the Business:
(a) any contract, commitment, agreement, quotation or purchase order providing for payments by or to Company in an aggregate amount of USD250,000 or more;
(b) any agreement under which Company is licensor of Intellectual Property (as defined in Section 4.9), or under which Company is licensee of any Intellectual Property of any other Person (except for standard “shrink wrap” licenses for off-the-shelf software products);
(c) any agreement by Company to encumber, transfer or sell rights in or with respect to any Intellectual Property;
(d) any agreement for the sale or lease of personal property involving more than USD250,000 per year other than sales of inventory or equipment in the ordinary course of business consistent with past practice;
(e) any joint venture contract or arrangement or any other agreement that involves a sharing of profits with other persons or the payment of royalties to any other person;
(f) any contract containing covenants purporting to limit Company’s freedom to compete in the Business in any geographic area or that restricts Company from soliciting potential employees, consultants, contractors, suppliers or customers;
(g) any agreement of indemnification or warranty, other than standard warranties in connection with the sale of products and/or services in the ordinary course of business, consistent with past practice;
(h) any contract or agreement for the employment of any officer, Employee or consultant of Company or any other type of contract, agreement or understanding with any officer, Employee or consultant of Company that is not immediately terminable by Company without cost or liability; or
(i) any contract for consulting or similar services with a term of more than sixty (60) days and which is not terminable without penalty with notice of sixty (60) days or less. All Company Agreements (including the Contracts) are valid and in full force and effect. Neither Company nor, to the knowledge of Company, any other party is in breach of or default under any material term of any Company Agreement, nor will Company nor, to ...
Agreements and Commitments. Except for this Agreement, the Company is a -------------------------- party to no agreement, contract, instrument, and commitment (including license agreements).
