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 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. 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 either 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. Contractual Rights – as defined in subsection 5.1.1 of the Agreement.
Contract Right any right of any 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. 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.
Contract Right. 3 1.13 Intentionally left blank....................................................... 3 1.14
Contract Right. This Article shall be deemed to constitute a contract between the Corporation and each person who serves as a director or officer at any time while this Article is in effect. No repeal or amendment of this Article, insofar as it reduces the extent of the indemnification of any such person shall without his written consent be effective as to such person with respect to any event, act or omission occurring or allegedly occurring prior to (a) the date of such repeal or amendment if on that date he is not serving as a director or officer, or (b) the thirtieth day following delivery to him of written notice of such amendment as to any such capacity in which he is then serving for any other corporation or any partnership, joint venture, trust, employee benefit plan or other enterprise at the Corporation's request, or (c) the later of the thirtieth day following delivery to him of such notice or the end of the term of any office (for whatever reason) he is serving as director or officer of the Corporation on the date of such repeal or amendment, with respect to service in that capacity. This Article shall be binding on any successor to the Corporation. The right to indemnification and advancement of expenses provided by this Article shall continue as to a person who has ceased to be a director or officer and shall inure to the benefit of the heirs, executors and administrators of such person.
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. 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.
