Master Term definition
Examples of Master Term in a sentence
All terms used and not defined herein shall have the meanings ascribed to them in the Master Term Sheet.
This is the New Capital Term Sheet referred to in the “Implementation — New Capital” section in the term sheet for the Restructuring (the “Master Term Sheet”) being considered by the Company, the Committee and certain other stakeholders and should be read in conjunction with the Master Term Sheet.
The term of this MSA shall commence on the Master Renewal Date and continue until the end of the Master Term, unless this MSA is otherwise extended or renewed pursuant to this Article 2 or terminated earlier pursuant to Article 27 (the “Master Term”).
Notwithstanding the foregoing, Licensee shall, and shall cause each Sublicensee to, obtain and maintain in good standing throughout Master Term all licenses and permits that are legally required in connection with the conduct, ownership, use, occupancy or operation of Sublicensee’s business and provision of Sublicensee’s Services at each Facility, whether or not contained on schedule 6.1 hereto.
This Master Term constitutes the entire agreement between you and The Organizer of EMIS 2022 relating to this subject matter and supersedes all prior, contemporaneous and future communications between you and The Organizer of EMIS 2022.
This Master Term constitutes the entire agreement between you and The Organizer of RE'19 relating to this subject matter and supersedes all prior, contemporaneous and future communications between you and The Organizer of RE'19.
During the Master Term and for a period of six months thereafter, Licensee agrees not to solicit for hire any current or former employee of Licensor and Licensor agrees not to solicit for hire any current or former employee of Licensee.
During the Master Term, Licensee will provide to Licensor any information relating to the any Sublicensee that Licensor reasonably requests from time to time, including an up-to-date list of each Sublicensee and the Facility at which each Sublicensee provides Services.
Either party may terminate this MSA by providing the other party written notice at least one hundred eighty (180) days prior to the end of the then current Master Term if such party wishes not to renew this MSA.
If Licensee or Sublicensee transports any Customers or other persons to or from a Facility, then Licensee shall, and shall cause each Sublicensee to, at such party’s sole cost and expense, obtain and keep in force during the Master Term a policy of automobile insurance (including owned, non-owned and hired car coverage) in an amount of not less than One Million Dollars ($1,000,000) combined single limit (each accident), or in such greater amounts as reasonably determined by Licensor.