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.
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.
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.
In this study, three variables contained cases indicating a presence of outliers with absolute z scores greater than 4, whichqualified them for elimination.
As of the date hereof no Seller Entity has received any written notice of breach or default that remains uncured or unresolved or of the intention of any party to any Material Business Contract to terminate any Material Business Contract.
Purchaser shall be entitled to participate in any negotiation with any Person whose consent is required in connection with the assignment or sublicensing or other transfer of any Material Business Contract or Acquired Intellectual Property and the rights and obligations thereunder.
The Seller shall use all commercially reasonable efforts to obtain any and all such third party consents under all Material Business Contracts and Business Licenses; provided, however, that the Seller shall not be required to pay or incur any cost or expense to obtain any third party consent that the Seller is not otherwise required to pay or incur in accordance with the terms of the applicable Material Business Contract or Business License.
Neither the Seller nor, to the knowledge of the Seller, any other party is in material breach or material violation of, or (with or without notice or lapse of time or both) material default under, any Material Business Contract, nor, within the last two years, has the Seller received any written claim of any such material breach, material violation or material default.