Immaterial Contracts definition
Immaterial Contracts means contracts which (i) no party thereto is a physician, physician group or other referral source to a UHS Facility, and is not a third party payor contract and is not a real estate lease and (ii) requires payment by --- Xxxxxxxxx of less than $100,000 per year; and
Immaterial Contracts has the meaning set forth in Section 4.13(a).
Immaterial Contracts means contracts, agreements, instruments, letter agreements, or other documents to which the Borrower is a party or any of its properties is bound: (a) that is not within the definition of Major Project Documents or Easement Documents, (b) under which the Borrower could not reasonably be expected to have obligations, liabilities or revenues equal to or in excess of [***] per year, and (c) a termination of which could not reasonably be expected to result in a Material Adverse Effect.
Examples of Immaterial Contracts in a sentence
The Material Contracts and the Immaterial Contracts are referred to collectively herein as the "Contracts".
Schedule 3.14 contains a complete and accurate list, and Seller has, or will have upon execution of this Agreement, delivered to Buyer true and complete copies of, each written Applicable Contract other than Immaterial Contracts.
Sellers have made available to Buyers true, correct, and materially complete copies of the Contracts other than the Immaterial Contracts (the “Material Contracts”), and have given, and will give, the agents, employees and representatives of Buyers access to the originals of the Contracts to the extent originals are available.
Response: Please review section 7.0 Use of Funds of the Grant Agreement.
Sellers have made available to Buyers true, correct and materially complete copies of the Contracts other than the Immaterial Contracts (the “Material Contracts”), and have given, and will give, the agents, employees and representatives of Buyers access to the originals of the Contracts to the extent originals are available.
More Definitions of Immaterial Contracts
Immaterial Contracts means Assumed Contracts that are not Material Assumed Contracts.
Immaterial Contracts means contracts having a remaining term of less than one (1) year and involving an expenditure of less than US$25,000 in the aggregate for all obligations under any one contract or $1,000,000 in the aggregate for all such contracts.
Immaterial Contracts. Contracts that (i) require the future payment by the Center of $15,000 or less or the future performance by the Center of services having a value of $15,000 or less, or (ii) are terminable by the Center at any time without cause upon notice of 90 days or less, and that require during the period prior to termination the payment of $15,000 or less or the future performance of services having a value of $15,000, provided that Immaterial Contracts shall not include any Contracts described in paragraphs (a) through (g) of Section 3.15;
Immaterial Contracts means all commitments, contracts, leases and agreements, whether written or oral, which relate to such Seller's Facility or its Assets, (a) which (i) may be terminated such Seller within ninety (90) days without cause and without penalty, and which will have a remaining obligation during their term (as of the Closing Date, and not on an annual basis) of Fifty Thousand Dollars ($50,000) or less, to which such Seller is a party or by which such Seller or any of its Assets is bound and (ii) are not with any physician or referral source, family member of a physician or referral source, or entity or entities owned by a physician or referral source or physicians or referral source and/or their family members (regardless of the amounts thereof or termination rights with respect thereto), or (b) which exist as of the Closing but are not listed on Schedule 1.1(i) and, following the Closing, the applicable Buyer elects to assume the rights and obligations thereunder.
Immaterial Contracts means (a) any oral and written contracts and agreements of any of the Subject Companies which may be canceled within 30 days without penalty or payment by the respective Subject Company, and (b) any Investment Management Agreement.
Immaterial Contracts. Contracts that (i) require (a) the future payment by or to Sellers of (I) Five Hundred Thousand Dollars ($500,000) or less in the case of any Fixed Price Contract or (II) Seven Hundred Fifty Thousand Dollars ($750,000) or less in the case of Cost Plus Contracts or (b) the future performance by Sellers of services having a value of (I) Five Hundred Thousand Dollars ($500,000) or less in the case of any Fixed Price Contract or (II) Seven Hundred Fifty Thousand Dollars ($750,000) or less in the case of Cost Plus Contracts, or (ii) are terminable by Sellers at any time without cause upon 90 days' notice or less; provided, however, that, notwithstanding the foregoing, Immaterial Contracts shall not include any Contracts set forth on Schedule 3.17 or any Contracts that, pursuant to Section 365 of the Bankruptcy Code, are not assumable or assignable without the consent of the non- debtor parties thereto;
Immaterial Contracts means all commitments, contracts, leases and agreements, whether written or oral, which relate to the Facilities or the Assets, (a) which (i) may be terminated by the Seller or any Seller Entity within ninety (90) days without cause and without penalty, and which will have a remaining obligation during their term (as of the Closing Date, and not on an annual basis) of Fifty Thousand Dollars ($50,000) or less, to which the Seller or any Seller Entity is a party or by which the Seller or any Seller Entity or any of the Assets is bound and (ii) are not with any physician or referral source, family member of a physician or referral source, or entity or entities owned by a physician or referral source or physicians or referral source and/or their family members (regardless of the amounts thereof or termination rights with respect thereto), or (b) which exist as of the Closing but are not listed on Schedule 1.1(i) and, following the Closing, the Buyer and/or the Buyer Entities elect to assume the rights and obligations thereunder.