Fighters Under Contract Sample Clauses
The "Fighters Under Contract" clause defines the obligations and rights of fighters who are currently bound by an agreement with a promotion or organization. Typically, this clause outlines the exclusivity of the fighter's services, restricting them from competing for other organizations or engaging in activities that may conflict with their contractual commitments. For example, it may specify that a fighter cannot participate in matches, promotional events, or endorsements outside the contracting organization without prior approval. The core function of this clause is to protect the organization's investment in the fighter and to prevent conflicts of interest or contractual breaches, ensuring that both parties understand the scope of the fighter's commitments.
Fighters Under Contract. Schedule 5.21 sets forth each agreement to which the Seller or Selling Member is a party with any professional mixed martial arts fighter and the economic terms of each such agreement (each a “Fighter Contract”). Each Fighter Contract is in full force and effect and, to Seller’s knowledge, there are no outstanding material defaults or violations under any such Fighter Contract on the part of the Seller or, to the knowledge of the Seller, on the part of any other party to such Fighter Contract, except for such defaults as will not have a material adverse effect on the Business or Purchased Assets, taken as a whole. Except as set forth on Schedule 5.21, there are no current or pending negotiations with respect to the renewal, repudiation or amendment of any Fighter Contract, other than in connection with negotiations for renewals and amendments in the ordinary course of business.
Fighters Under Contract. Schedule 5.21 sets forth each agreement to which SuckerPunch or the SuckerPunch Shareholder and any professional mixed martial arts fighter are parties, and the economic terms of each such agreement (each a “Fighter Contract”). Each Fighter Contract is in full force and effect and, to SuckerPunch’s knowledge, there are no outstanding material defaults or violations under any Fighter Contract on the part of the SuckerPunch or, to the knowledge of the SuckerPunch, on the part of any other party to such Fighter Contract. Except as set forth on Schedule 5.21, there are no current or pending negotiations with respect to the renewal, repudiation or amendment of any Fighter Contract.