Contracts; Agreements; Licenses Clause Samples
The "Contracts; Agreements; Licenses" clause defines the rules and requirements regarding the creation, validity, and recognition of contracts, agreements, and licenses between the parties. It typically clarifies which documents are considered binding, how new agreements or amendments must be made (such as requiring written consent), and may specify the hierarchy or precedence of various agreements if there are conflicts. This clause ensures that all parties understand which commitments are enforceable and helps prevent disputes by clearly outlining the process for entering into or modifying contractual relationships.
Contracts; Agreements; Licenses. No Grantor has any material contracts, agreements or licenses which are non-assignable by their terms, or as a matter of law, or which prevent the granting of a security interest therein.
Contracts; Agreements; Licenses. The Obligors have no material contracts, agreements or licenses which constitute Collateral which prevent the granting of a security interest therein.
Contracts; Agreements; Licenses. The Obligors have no material contracts, agreements or licenses which are non-assignable by their terms, or as a matter of law, or which prevent the granting of a security interest therein.
Contracts; Agreements; Licenses. Such Obligor has no Material Agreements which are non-assignable by their terms, or as a matter of law, or which prevent the granting of a security interest therein for which consent has not been obtained.
Contracts; Agreements; Licenses. The Obligors have no material contracts, agreements or licenses constituting Collateral which, by their terms (after giving effect any provisions of the UCC, any other applicable Law (including Debtor Relief Laws) or principles of equity), or as a matter of law, prevent the granting of a security interest therein or a collateral assignment thereof.
Contracts; Agreements; Licenses. As of the Closing Date, such Obligor does not have any material contracts, material agreements or material licenses which are non-assignable by their terms, or as a matter of law, or which prevent the granting of a security interest therein.
Contracts; Agreements; Licenses. The Grantors have no material contracts, agreements or licenses (including the Material Contracts) constituting Collateral which are non-assignable by their terms or as a matter of law, or which prevent the granting of a security interest therein, except for those contracts, agreements or licenses where (i) such prohibition or default has been waived or consented to by the third party that is party to such contract, agreement or license or (i) such prohibition or default would be rendered ineffective according to the relevant provisions of the UCC, any other applicable law or principles of equity.
Contracts; Agreements; Licenses. The Grantors have no material inbound licenses which are non-assignable by their terms (other than those certain licenses set forth in Schedule 4(g) attached hereto), or as a matter of law, or which prevent the granting of a security interest therein.
Contracts; Agreements; Licenses. The Loan Parties have no material contracts, agreements or licenses which are non-assignable by their terms, or as a matter of law, or which prevent the granting of a security interest therein.
Contracts; Agreements; Licenses. Except as set forth on Schedule 3(i), no Grantor has any Material Contracts which are non-assignable by their terms, or as a matter of law, or which prevent the granting of a security interest therein for which consent has not been obtained.