Important Contract definition

Important Contract means any binding contract, agreement, loan, license, guarantee or commitment (oral or written) to which DIFX is a Party or by which DIFX or its assets or properties are bound and that (i) is of a revenue or expenditure nature in an amount in excess of $1,000,000 or its equivalent in any other currency per annum; (ii) is of an unusual or exceptional nature or its not in the ordinary course of business, and, in each case, is material to DIFX;
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Important Contract means any binding contract, agreement, loan, license, guarantee or commitment (oral or written) to which DIFX is a Party or by which DIFX or its assets or properties are bound and that (i) is of a revenue or expenditure nature in an amount in excess of $1,000,000 or its equivalent in any other currency per annum; (ii) is of an unusual or exceptional nature or its not in the ordinary course of business, and, in each case, is material to DIFX; (iii) is for a duration of two years or more and cannot be cancelled by DIFX without penalty or further payment in excess of $100,000 and without more than 120 days’ notice; (iv) can be terminated upon a change in the direct or indirect ownership or control of DIFX or whose terms, in the event of such a change of ownership or control, are substantially different from those which apply prior to such event and is material to DIFX; (v) is an agency, distribution or franchise agreement that is material to DIFX or would be reasonably likely to be material to Nasdaq; (vi) is a contract between DIFX and any of its officers or directors; (vii) is between DIFX and its Affiliates; or (viii) restricts DIFX or any Affiliates from engaging in any business activity anywhere in the world or contains any exclusivity provision with respect to any business or geographic area (excluding the Technology License and Marketing Agreement and the Trademark License Agreement).
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Important Contract means any contract in terms of which:
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Examples of Important Contract in a sentence

  • Important Contract clauses, Terms of Payment, retention acceptance and final payment, maintenance period, Time for Completion, Extension of time, Variation in work and conditions, claims and disputes, liquidated damages, Termination rights and responsibility of client, Architect, Engineer, Contractor, Professional liability.

  • Additional Important Contract Exclusions: Supplanting is replacing routine and/or existing State or local expenditures with the use of Federal grant funds and/or using Federal grant funds for costs of activities that constitute general expenses required to carry out the overall responsibilities of State, local or Federally-recognized Indian tribal government is prohibited.

  • Please read this carefully before signing this application and Important Contract of Arbitration.

  • Additional Important Contract ProvisionsA number of other standard provisions are important to include in drafting contracts.

  • Thus, we focus on controlling the power of these modules as they represent the main bottleneck.

  • Accordingly, if Mitchell signed the credit application incorporating the Important Contract of Arbitration, the arbitration agreement is supported by sufficient consideration.4 Mitchell’s argument is therefore without merit.

  • Important: Contract producers are not eligible for this additional payment because CFAP 2 payments to contract producers were authorized and funded through the Consolidated Appropriations Act, 2021 (CAA) which specified that those payments could “cover not more than 80 percent of revenue losses,” and previous CFAP 2 payments to contract producers were calculated based on80 percent of their revenue loss.

  • For purposes of this Important Contract of Arbitration, the term “TD Auto Finance” means TD Auto Finance LLC and any finance company, bank, or other financial institution to which Dealer or TD Auto Finance LLC submits this application.

  • Here, the Important Contract of Arbitration states “[i]f any of us chooses, any dispute between or among us will be decided by arbitration and not in court.” (Doc.5, p.

  • LEGAL GUIDEThe 10 Most Important Contract Clauses to KnowIf you are a small business owner, you are in the business of agreements and you may not know the different areas where a contract might be leaving you vulnerable.


More Definitions of Important Contract

Important Contract has the meaning given to it in Article 6.18.2;
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Related to Important Contract

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • relevant contract means the contract relied on by an applicant under this section to satisfy the requirements of subsection (1)(a)(ii);

  • Redevelopment Contract means this redevelopment contract between the Authority and Redeveloper with respect to the Project.

  • Smart contract means a computer program stored in an electronic ledger system wherein the outcome of the execution of the program is recorded on the electronic ledger;

  • Management Contract means the contract executed between the treasurer and a program manager.

  • Employment Contract means any contract between the Corporation or any Designated Affiliate and any Eligible Employee, Eligible Director or Other Participant relating to, or entered into in connection with, the employment of the Eligible Employee, the appointment or election of the Eligible Director or the engagement of the Other Participant or any other agreement to which the Corporation or a Designated Affiliate is a party with respect to the rights of such Participant in respect of a change in control of the Corporation or the termination of employment, appointment, election or engagement of such Participant;

  • Term contract means contracts established by the chief procurement officer for specific supplies, services, or information technology for a specified time and for which it is mandatory that all governmental bodies procure their requirements during its term. As provided in the solicitation, if a public procurement unit is offered the same supplies, services, or information technology at a price that is at least ten percent less than the term contract price, it may purchase from the vendor offering the lower price after first offering the vendor holding the term contract the option to meet the lower price. The solicitation used to establish the term contract must specify contract terms applicable to a purchase from the vendor offering the lower price. If the vendor holding the term contract meets the lower price, then the governmental body shall purchase from the contract vendor. All decisions to purchase from the vendor offering the lower price must be documented by the procurement officer in sufficient detail to satisfy the requirements of an external audit. A term contract may be a multi‑term contract as provided in Section 11‑35‑2030.

  • Consumer Contract means an agreement between the Retailer and the Consumer that includes the supply of electricity and distribution services;

  • transport contract means a contract of carriage for reward or free of charge between a railway undertaking or a ticket vendor and the passenger for the provision of one or more transport services;

  • Labor peace agreement means an agreement between an entity and a

  • Spot Contract means a foreign exchange contract under which we agree to exchange money at an agreed rate within 48 hours of the contract being entered into.

  • Client Contract means a futures or option contract between us and you, which is matched by an identical Contract;

  • IT Contracts means the contracts (whether or not in writing and including those currently being negotiated) under which any third party provides or will provide any element of, or services relating to, the IT Assets, including leasing, hire purchase, licensing, maintenance, website hosting, outsourcing, security, back-up, disaster recovery, insurance, cloud computing and other types of services agreements.

  • Training Contract means an agreement signed by the employer and the Apprentice or Trainee (and a parent or guardian if applicable), in accordance with the Act and Regulatory requirements.

  • industrial agreement means an agreement registered by the Commission under this Act as an industrial agreement;

  • Construction management contract means a contract in which a party is retained by the owner to

  • Physician assistant supervision agreement means a written agreement, jointly

  • Specific contract participation goals means the goals as stipulated in the Preferential Procurement Regulations, 2001. In addition to above-mentioned goals, the Regulations [12. (1)] also make provision for organs of State to give particular consideration to procuring locally manufactured products.

  • Training Agreement means an agreement registered under the provisions of the Industrial and Commercial Training Act 1985.

  • Shipbuilding Contract means the shipbuilding contract dated 30 March 2011 and made between the Builder and the Borrower for the construction by the Builder of the Ship and its purchase by the Borrower as supplemented and amended from time to time;

  • emissions of substances not controlled by emission limits means emissions of substances to air, water or land from the activities, either from the emission points specified in schedule 3 or from other localised or diffuse sources, which are not controlled by an emission limit.

  • Project Contract means any contract between the District or the Corporation and any contractor or vendor regarding the construction, production or other acquisition or installation of any part of an Acquisition Project.

  • Potential Repudiation/Moratorium means the occurrence of an event described in paragraph (a) of the definition of Repudiation/Moratorium.

  • Terms-of-service agreement means an agreement that controls the relationship between a user and a custodian.

  • Participant contract means a contract by which a sponsored captive insurance company insures the risks of a participant and limits the losses of the participant to the assets of a protected cell.

  • Processes with Significant Environmental Aspects means the Equipment which, during regular operation or if not properly operated or maintained, may cause or are likely to cause an adverse effect.