Novation Contract Sample Clauses

Novation Contract. (a) Lorad will make Tables available to USSC to enable USSC to honor its contract with Novation for a period of 36 months commencing as of the date of this Agreement. USSC may buy Tables from Lorad for the account of USSC for supply to Novation for $***** per Table as currently configured in USSC's inventory as of the date of this Agreement. USSC will not buy Tables from Lorad where orders for stereotactic tables are accepted by USSC for the account of Lorad as outlined in Section 8(b) below. Lorad will be responsible for payment of dealer compensation and installment costs of $***** for each stereotactic table sold to Novation. The stereotactic tables sold to Novation will reduce the Additional Consideration as described in Section 2 above. Tables sold to Novation will in the first instance be supplied from the Tables repurchased from the USSC inventory; provided that Lorad reserves the right at Lorad's discretion to supply tables sold to Novation from other Lorad inventory. Lorad will pay any dealer warranty and installation fees directly arising pursuant to the terms of the Novation Contract (as such contract in effect as of the date hereof and reviewed by Lorad prior to the date hereof). Subject to Section 7(c), the warranty on tables sold to Novation will be Lorad's current standard customer warranty and will begin at date of installation. (b) USSC agrees that every other order for a stereotactic table received by USSC from Novation will be accepted for the account of Lorad. For example, if Novation orders five tables from USSC, tables one, three, and five shall be for the account of USSC and tables two and four shall be accepted for the account of Lorad and assigned to Lorad. In connection therewith, for sales accepted for the account of Lorad, Lorad shall be entitled to, and USSC shall pay or require Novation to pay to Lorad directly, the initial deposit of $***** required under the Novation Contract as well as the monthly lease payments (including any late fees, penalties, or interest which may accrue thereunder) in respect of such table for the term of the lease (including any extensions or renewals to such lease). Any payments received by USSC from Novation in respect of sales accepted for the account of Lorad shall be held in trust for Lorad and forwarded to Lorad within fifteen (15) business days of receipt. Payments received by USSC but not forwarded to Lorad within fifteen (15) business days shall be subject to interest at a rate of 8% per an...
AutoNDA by SimpleDocs

Related to Novation Contract

  • Construction Contract If federal funds are included as part of the financing of the non-OPWC portion of the Project, federal law may prevail, including, but not limited to, application of Xxxxx Xxxxx prevailing wage rates, the Xxxxxxxx “Anti-Kickback” Act, the Contract Work Hours and Safety Standards Act, and any federal environmental regulations. Recipient is solely responsible for ensuring compliance with federal requirements applicable to its Local Subdivision Contribution. Notwithstanding the above, the following provisions apply to construction contracts under this Agreement:

  • Prime Contract This Subcontract is made in order to assist the Investment Manager in fulfilling certain of the Investment Manager’s obligations under each investment management and investment advisory agreement (“IM Agreement”) between the Investment Manager and each Trust listed on Exhibit A hereto (the “Trust”), for itself or on behalf of each of its series listed on Exhibit A (each, a “Fund”).

  • Amendment of Contract This agreement contains the whole of the agreement between the Company and the Consultant and there are no other warranties, representations, conditions or collateral agreements except as set forth in this agreement. Any modification to this agreement must be in writing and signed by the parties hereto or it shall have no effect and shall be void.

  • Construction Contracts Item A: Enter the total dollar amount of all contacts awarded on the project/ program. Item B: Enter the total dollar amount of contracts connected with this project/program that were awarded to Section 3 businesses.

  • Shift Assignment Should the University elect to establish a shift on any other schedule than the regular day shift (Monday through Friday) or to assign employees to work on any such shift, the employee(s) with the most seniority in the classification affected or to be assigned on such shift shall have preference in moving to such shift. If an insufficient number of employees in the classification elect to move to such shift, then the employee(s) with the least seniority in the classification shall be assigned to such shift. If positions or shifts are reduced or eliminated or movement of personnel to other shifts is required, then the seniority of the affected employee will prevail in the selection of shift, provided the affected employee can do the required work. Such shift preference is only applicable within the employee's classification.

  • Assignment of Contract A. Unless expressly agreed to elsewhere in the Contract, no assignment by a party hereto of any rights under or interests in the Contract will be binding on another party hereto without the written consent of the party sought to be bound; and, specifically but without limitation, money that may become due and money that is due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under the Contract Documents.

  • Amendment; Assignment This Agreement may be amended, superseded, canceled, renewed or extended, and the terms hereof may be waived, only by a written instrument signed by authorized representatives of the parties or, in the case of a waiver, by an authorized representative of the party waiving compliance. No such written instrument shall be effective unless it expressly recites that it is intended to amend, supersede, cancel, renew or extend this Agreement or to waive compliance with one or more of the terms hereof, as the case may be. Except for the Management Stockholder’s right to assign his or her rights under Section 4(a) or the Company’s right to assign its rights under Section 4(b), no party to this Agreement may assign any of its rights or obligations under this Agreement without the prior written consent of the other parties hereto.

  • ASSIGNMENT AND SUB-CONTRACTING The benefit and burden of this Contract may not be assigned or sub-contracted in whole or in part by the Contractor without the prior written consent of the Department. Such consent may be given subject to any conditions which the Department considers necessary. The Department may withdraw its consent to any sub-contractor where it no longer has reasonable grounds to approve of the sub-contractor or the sub-contracting arrangement and where these grounds have been presented in writing to the Contractor.

  • Scope of Contract This Contract specifies the contractual terms and conditions by which County will procure and receive goods/services from Contractor as set forth in the Scope of Work, which is attached hereto as Attachment A and incorporated by this reference.

  • ASSIGNMENT AND SUBCONTRACT 16.1. If any Affiliate of either Party succeeds to that portion of the business of such Party that is responsible for, or entitled to, any rights, obligations, duties, or other interests under this Agreement, such Affiliate may succeed to those rights, obligations, duties, and interest of such Party under this Agreement. In the event of any such succession hereunder, the successor shall expressly undertake in writing to the other Party the performance and liability for those obligations and duties as to which it is succeeding a Party to this Agreement. Thereafter, the successor Party shall be deemed CLEC or Sprint and the original Party shall be relieved of such obligations and duties, except for matters arising out of events occurring prior to the date of such undertaking. 16.2. Except as provided in Section 16.1, any assignment of this Agreement or of the work to be performed, in whole or in part, or of any other interest of a Party hereunder, without the other Party’s written consent, which consent shall not be unreasonably withheld or delayed, shall be void.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!