Examples of Material Contract or Permit in a sentence
Seller shall cooperate with Purchaser, upon Purchaser’s reasonable request, in endeavoring to obtain the consent of, or authorization from, any Person required by any provision of any Real Property Lease, Personal Property Lease, Material Contract or Permit, or that otherwise may be required, in connection with the Transactions or the subsequent operation of the Business by the Company Group Entities after Closing (the “Third Party Consents”).
All (a) Required Consents and (b) other consents, approvals -------- and waivers from Governmental Authorities and other Persons necessary to permit LLC to consummate the transactions contemplated hereby or necessary to avoid a breach of, default under or termination of any Material Contract or Permit shall have been obtained, unless the failure to obtain any such Required Consent or other consent, approval or waiver would not have a Material Adverse Effect.
Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, the Pride Shareholders will not, and will not cause or permit Pride to, without the prior consent of H/Cell, (a) make any modifications to any Material Contract or Permit except in the ordinary course of business and consistent with past business practices, or (b) enter into any compromise or settlement of any pending or threatened Litigation.
All consents (including, without limitation, all consents relating to leases of real property), approvals and waivers from Governmental Authorities and other Persons necessary to permit Purchaser to consummate the transactions contemplated hereby or necessary to avoid a breach of, default under or termination of any Material Contract or Permit of the Company or any Subsidiary shall have been obtained.
Any Material Contract or Permit and License identified in such a notice (each, an “Excluded Contract”) shall no longer be an Assigned Contract or an Assigned Permit and License.
The Purchaser and the Seller covenant and agree that if in connection with any such transfer or assignment, a guarantee of the Company's obligations is required by the other party to such Material Contract or Permit, any such guarantee will be made jointly by the Purchaser and the Seller and will be apportioned based on the percentage interest in the Company held by such Person and its Affiliates.
Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Seller will not, and will not cause or permit the Companies to, without the prior consent of Purchaser, make any modifications to any Material Contract or Permit except in the ordinary course of business and consistent with past business practices.
Promptly, and in any event within ten (10) Business Days after any Material Contract or Permit is terminated or amended or any new Material Contract or new Permit is entered into or issued by or to the Company or any of its Subsidiaries, a written statement describing such event, with copies of amendments or new contracts or Permits, and an explanation of any actions being taken with respect thereto.
Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Seller will not, and will not cause or permit the Company to, without the prior consent of Purchaser, (a) make any modifications to any Material Contract or Permit except in the ordinary course of business and consistent with past business practices, or (b) enter into any compromise or settlement of any pending or threatened Litigation.
Schedule 4R of the Company Disclosure Letter lists all credit support provided by Seller or its Affiliates (each, a “Credit Support Obligor”) to or on behalf of the Company pursuant to applicable Law or the terms of a Material Contract or Permit, including guarantees, letters of credit, escrows, sureties and performance bonds, security agreements and other similar arrangements that are outstanding (collectively, the “Support Obligations”).