Common use of Contracts and Other Obligations Clause in Contracts

Contracts and Other Obligations. Except as otherwise ---------------------------------- disclosed and described in Schedule 3.1(10), neither NCL or the Subject Companies are parties to or otherwise bound by any material written or oral: (a) Contract or agreement not made in the ordinary course of business; (b) Employment or consultant contract which is not terminable at will without cost or other liability to NCL, the Subject Companies or any successor; (c) Contract with any labor union; (d) Bonus, pension, profit-sharing, retirement, share purchase, stock option, hospitalization, group insurance, or similar plan providing employee benefits; (e) Advertising contract or contract for public relations services; (f) Purchase, supply, or service contracts of a duration less than one (1) year in excess of $100,000 each, or in the aggregate of $500,000 for all such contracts whether below or above $100,000; (g) Deed of trust, mortgage, conditional sales contract, security agreement, pledge agreement, trust receipt, or any other agreement or arrangement whereby any of the assets or properties of NCL or the Subject Companies are subjected to a lien, encumbrance, charge, or other restriction; (h) Material contract or other material commitment continuing for a period of more than thirty days and which is not terminable without cost or other liability to NCL, the Subject Companies or their successors; or (i) Any material contract, agreement, lease or other binding arrangement with which NCL or the Subject Companies are not in substantial compliance therewith.

Contracts and Other Obligations. Except as otherwise ---------------------------------- disclosed and described in Schedule 3.1(103.2(8), neither NCL API or the Subject Companies API(T) are parties to or otherwise bound by any material written or oral: (a) Contract or agreement not made in the ordinary course of business; (b) Employment or consultant contract which is not terminable at will without cost or other liability to NCLAPI, the Subject Companies API(T) or any successor; (c) Contract with any labor union; (d) Bonus, pension, profit-sharing, retirement, share purchase, stock option, hospitalization, group insurance, or similar plan providing employee benefits; (e) Advertising contract or contract for public relations services; (f) Purchase, supply, or service contracts of a duration less than one (1) year in excess of $100,000 each, or in the aggregate of $500,000 for all such contracts whether below or above $100,000; (g) Deed of trust, mortgage, conditional sales contract, security agreement, pledge agreement, trust receipt, or any other agreement or arrangement whereby any of the assets or properties of NCL API or the Subject Companies API(T) are subjected to a lien, encumbrance, charge, or other restriction; (h) Material contract or other material commitment continuing for a period of more than thirty days and which is not terminable without cost or other liability to NCLAPI, the Subject Companies API(T) or their successors; or (i) Any material contract, agreement, lease or other binding arrangement with which NCL API or the Subject Companies API(T) are not in substantial compliance therewith.