Loral Contract definition
Examples of Loral Contract in a sentence
As an alternative to the foregoing provisions with respect to the Transferors' sale to Seller of Sky I or Sky II, and subject to Loral's prior written consent, Transferors may assign to Seller the Loral Contract as it relates to the applicable satellite, together with all rights associated therewith.
In addition (but without duplication), Buyer agrees to assume, effective as of the Initial Closing Date, the payment of approximately $17.5 million which may be due under the Loral Contract with respect to the launch of the Ground Satellite and the in-orbit acceptance thereof, in each case, in accordance with the terms of the Loral Contract.
Seller shall not pursue further any claims under the Loral Contract unless requested to do so by Buyer prior to the Subsequent Closing Date nor enter into any amendment or modification to the Loral Contract without the prior written consent of Buyer.
The Company shall use its reasonable best efforts to obtain (i) the agreement of SS/L to assign the Company’s rights under the Loral Contract to the First Priority Collateral Trustee and (ii) the agreement of the counterparty to the Launch Contract to assign the Company’s rights under the Launch Contract to the First Priority Collateral Trustee, in each case for the benefit of the First Priority Holders.
At the conclusion of the Demonstration Phase, and subject to the provisions of Section 8 herein, ▇▇▇▇▇ Fargo will begin a Pilot Project.
Subject to the last sentence of Section 6.3 and the Intercreditor Agreement, the Company shall use its reasonable best efforts to obtain (i) the agreement of SS/L to assign the Company’s rights under the Loral Contract to the Second Priority Collateral Trustee and (ii) the agreement of the counterparty to the Launch Contract to assign the Company’s rights under the Launch Contract to the Second Priority Collateral Trustee, in each case for the benefit of the Second Priority Holders.