Material Company Contract definition

Material Company Contract means any and all agreements, contracts, arrangements, leases, commitments or otherwise, of the Acquired Companies, of the type and nature that would be required to be filed with the Commission if the Company was a reporting company.

Material Company Contract shall have the meaning ascribed thereto in Section 2.8(a).

Material Company Contract has the meaning set forth in Section 4.18(a).

Examples of Material Company Contract in a sentence

• There are no renegotiations of, or attempts to renegotiate, or outstanding rights to renegotiate any material terms of any Material Company Contract.

• Each Material Company Contract is a valid and binding agreement of the Acquired Company that is party thereto, and is in full force and effect.

• The Company has delivered to Provant true and correct copies of each written Material Company Contract and a written description, accurate in all material respects, of each oral arrangement so listed.

• To the Knowledge of the Company, no other party to a Material Company Contract is in breach, violation or default, however defined, thereunder or thereof, and no facts or circumstances exist which, whether with the giving of due notice, lapse of time, or both, would constitute such a breach, violation or default thereunder or thereof by such other party.

• Except as otherwise permitted by any Material Company Contract, no person other than the Company and its Subsidiaries has any right to receive royalties for any Company Intellectual Property.

More Definitions of Material Company Contract

Material Company Contract means any of the following Company Contracts:

Material Company Contract shall have the meaning ascribed thereto in Section 3.2(q) hereof;

Material Company Contract has the meaning set forth in Section 3.16.2.

Material Company Contract has the meaning given such term in Section 4.8(b).

Material Company Contract means any Contract that (a) involves annual revenues or expenditures of the Company or its Subsidiaries in excess of $250,000 and relates to (i) the incurrence of indebtedness for borrowed money (including sale and leaseback transactions, capitalized lease transactions and other similar financing transactions), (ii) any reinsurance arrangement, (iii) a Leasehold relationship, (iv) IP Licenses with respect to any rights under any material Intellectual Property, (v) any outsourcing agreements or (vi) any provisions that by their express terms require the Company or any of its Subsidiaries with respect to a particular aspect of their respective insurance businesses to deal exclusively with one or more Persons with respect to such particular aspect of their respective insurance businesses, (b) contains any provisions that by their express terms limit in any material respect the manner or the localities in which the business of the Company or its Subsidiaries, or following consummation of the transactions contemplated hereby, Parent's or its Subsidiaries' business, is or would be conducted under such Contract, (c) constitutes any material joint venture or material partnership agreement or (d) grants any right of first refusal or right of first offer or similar right that limits the ability of the Company or any of its Subsidiaries to own, operate, sell, transfer, pledge or otherwise dispose of any amount of assets or business with a value in excess of $250,000 (other than investments permitted by the Company's investment policy in effect on the date hereof). For purposes of this Agreement, "Material Company Contracts" shall include SEC Material Company Contracts but shall not include any Client Contract.

Material Company Contract means a Company Contract involving payments, in the aggregate, by or to the Company in excess of $50,000.

Material Company Contract means any of the following Contracts to which the Company or any of its Subsidiaries is a party or any of their respective assets are bound; provided, however, each of clauses (i) through (xv) below are subject to the first sentence of the preamble to Article III and shall only apply to the extent any Contract or arrangement referred to in clauses (i) through (xv) would be binding on the Company or its Subsidiaries at the Closing (for clarity’s sake, after giving effect to the Spin-Off):