Commercial Obligations definition
Commercial Obligations means obligations, not constituting Indebtedness, owing to suppliers, service providers, landlords and other commercial counterparties, in each case in the ordinary course of business and consistent with past practice.
Examples of Commercial Obligations in a sentence
Waiver of Jury Trial; Commercial Obligations and Immunity......................................22 14.
Monthly statements of all Commercial Obligations paid from funds received by you as a result of your making a demand for payment under the Letter of Credit shall be transmitted by you to the relevant Company by first class mail unless you shall have received notice to the contrary from the Letter of Credit Issuer prior to your transmittal of said monthly statement.
Specifically, LICENSEE shall comply with the Commercial Obligations as listed in Schedule 1.