Material Business Contract definition
Examples of Material Business Contract in a sentence
Each Material Business Contract is in full force and effect and constitutes the valid and legally binding obligation of the Seller or its applicable Subsidiary and, to the Knowledge of Seller, each other party thereto, enforceable in accordance with its terms, extent as may be limited by applicable bankruptcy, insolvency, moratorium or other laws affecting the enforcement of creditors’ rights generally or by general principles of equity.
No Seller Entity has assigned, delegated or otherwise transferred to any third party any of its rights, title or interest under any Material Business Contract.
No Seller Entity or, to the Knowledge of the Seller, as of the date hereof, any other party is in breach or violation of, or default under, any such Material Business Contract except as would not reasonably be expected to be material to the Business.
Seller has made available to Purchaser true and complete copies of each Material Business Contract that is in writing and, if not in writing, a written summary thereof, including in each case amendments or waivers thereto, in each case, as in effect as of the date hereof.
Except as specified in Schedule 4.12(c), to the knowledge of the Company, no party (other than the Company or any of the Company Subsidiaries) to a Material Business Contract is in default under such Material Business Contract, except for such defaults which would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.