Contract Right. Each of the rights conferred on Directors of the Corporation by Sections 9.1, 9.2 and 9.4 of this Article IX, and on officers, employees or agents of the Corporation by Section 9.4 of this Article, shall be a contract right, and any repeal or amendment of the provisions of this Article shall not adversely affect any right hereunder of any person existing at the time of such repeal or amendment with respect to any act or omission occurring prior to the time of such repeal or amendment, and, further, shall not apply to any proceeding, irrespective of when the proceeding is initiated, arising from the service of such person prior to such repeal or amendment.
Contract Right. Subsequent Amendment. The right to indemnification and advancement of expenses conferred in this Article shall be a contract right. No amendment, termination or repeal of this Article shall affect or diminish in any way the rights of any Covered Person to indemnification or advancement of expenses under the provisions hereof with respect to any suit or other proceeding arising out of or relating to any action, omission, transaction or facts occurring prior to the final adoption of such amendment, termination or repeal, except with the consent of the Covered Person.
Contract Right any right of each Borrower to payment under a contract for the sale or lease of goods or the rendering of services, which right is at the time not yet earned by performance. Current Assets — at any date means all of the current assets of a Person would be properly classified as current assets shown on a balance sheet at such date in accordance with GAAP. Dxxxxx — Dxxxxx Corporation, an Indiana corporation. Dxxxxx — Ashland — Dxxxxx Corporation, Ashland Manufacturing Facility, an Ohio corporation. Dxxxxx — Dxxxxx Foundry, Inc., a Nebraska corporation. Default — an event or condition the occurrence of which would, with the lapse of time or the giving of notice, or both, become an Event of Default. Default Rate — as defined in subsection 2.1.2 of the Agreement.
Contract Right. Each of the rights of indemnification and advancement of expenses provided by, or granted pursuant to, this Article shall be a contract right and any repeal or amendment of the provisions of this Article shall not adversely affect any such right of any person existing at the time of such repeal or amendment with respect to any act or omission occurring prior to the time of such repeal or amendment, and further, shall not apply to any proceeding, irrespective of when the proceeding is initiated, arising from the service of such person prior to such repeal or amendment.
Contract Right any right of Borrower to payment under a contract for the sale or lease of goods or the rendering of services, which right is at the time not yet earned by performance. Credit Insurance - at any date means a policy of credit insurance obtained by the Borrower issued by a reputable insurance carrier acceptable to Lender in its sole discretion and with respect to which Lender has approved any deductible insured percentage, credit limit or policy limit of liability, country limit of liability, non-qualifying loss amount or other limitation on claims and which Credit Insurance has been assigned to the Lender as additional collateral for the Loans.
Contract Right any right of Borrower to payment under a contract for the sale or lease of goods or the rendering of services, which right is at the time not yet earned by performance.
Contract Right any right of Borrower to payment under a contract for the sale or lease of goods or the rendering of services, which right is at the time not yet earned by performance. Current Assets — at any date means the amount at which all of the current assets of a Person would be properly classified as current assets shown on a balance sheet at such date in accordance with GAAP.
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Contract Right. The right to be indemnified or to receive advancement of Expenses under this Agreement (i) is a contract right based upon good and valuable consideration, pursuant to which Indemnitee may sxx, (ii) is and is intended to be retroactive and shall be available as to events occurring prior to the date of this Agreement and (iii) shall continue after any rescission or restrictive modification of this Agreement as to events occurring prior thereto
Contract Right any right of each Borrower to payment under a contract for the sale or lease of goods or the rendering of services, which right is at the time not yet earned by performance. Current Assets — at any date means the amount at which all of the current assets of a Person would be properly classified as current assets shown on a balance sheet at such date in accordance with GAAP. Days Payable Outstanding – (i) the current month accounts payable, divided by (ii)(the trailing three months cost of good sold divided by 90). Days Payable Outstanding Amount – equal to (i) (the Days Payable Outstanding minus 40), multiplied by (ii) (the trailing three months cost of good sold divided by 90). Default — an event or condition the occurrence of which would, with the lapse of time or the giving of notice, or both, become an Event of Default. Defaulting Lender — any Lender that fails to make any payment or provide funds to Agent or any Borrower as required hereunder or fails otherwise to perform its obligations under any Loan Document, and such failure is not cured within one Business Day. Default Rate — as defined in subsection 2.1.2 of the Agreement.
