Examples of Existing Service Contract in a sentence
Seller has not given to or received from any party under any Existing Service Contract written notice of default where such default remains uncured as of the Effective Date, and to Seller’s knowledge there exists no continuing Default (as defined in such Existing Service Contract) under any Existing Service Contract as of the Effective Date.
Section 3.19 of the Company Disclosure Letter lists all Contracts by which the Company or any Subsidiary or Goodwood, on the one hand, and Sellers or any of their affiliates (other than the Company, the Subsidiaries and Goodwood), on the other hand, are a party or are otherwise bound as of the date of this Agreement and that involve continuing liabilities or obligations of the Company or the Subsidiaries or Goodwood (other than any Existing Service Contract or New Service Contract).
The business and economical reasons for cloud computing are a direct result of various advantages enjoyed by Internet technology heavyweights such as Google, Amazon, Microsoft, IBM and others.
Except as set out in each Employee’s respective service contract or contracts of employment with the Company or any Subsidiary (“Existing Service Contracts”), the Company does not currently offer, operate or provide (nor has it previously offered, operated or provided) any other Company Benefit Plan and all such rights, benefits and entitlements of Employees are as set out in the relevant Existing Service Contract or the Company Disclosure Letter.
As to any Existing Service Contract under which the consent of the vendor or service provider thereunder is required for any assignment thereof, Seller does not represent, warrant or covenant that such consent will be provided.Service Contracts to be Assumed by Purchaser.
Manager may act pursuant to the foregoing power of attorney to perform any act in the name and on behalf of LLIDA which Manager is otherwise authorized to perform on its own behalf hereunder which LLIDA is privileged to perform under or with respect to any Existing Service Contract, any Additional Service Contract, and any now or hereafter existing Other Project Agreement.
In the event that the Existing Service Contract is terminated by the Company upon the occurrence of any termination events stated therein (including but not limited to Mr. Sin’s material breach of the terms of the Existing Service Contract), Mr. Sin shall forthwith compensate the Company with such amount of cash (or other assets or properties acceptable to the Company) in accordance with the formula stated therein.
For the avoidance of doubt, any clause in any Existing Service Contract by virtue of which the Provider Group Companies are entitled to a right of first refusal, right to match or right to renew any Service Contract on different conditions than those set forth in this Agreement shall be unenforceable.
These operations may also be accounted for on the enterprise basis of accounting.
No Investor Party has received any notice in writing from any counterparty to an Existing Service Contract that such Investor Party is in default of any material obligation under such Existing Service Contract which has not been cured, and to Investor’s Knowledge, none of the counterparties to the Existing Service Contracts are in default of such counterparties’ material obligations thereunder which has not been cured, in each case, which default has or could have a Material Adverse Effect on any Project.