Examples of Material Customer Contracts in a sentence
Except as would not be expected to have a Material Adverse Effect, Company, its Subsidiaries, and each Managed Company have been and are in compliance with the terms of all Material Customer Contracts.
The Material Customer Contracts are in full force and effect and represent the legal, valid and binding obligations of the applicable Group Company party thereto and to the knowledge of the Company, represent the legal, valid and binding obligations of the other parties thereto.
Following the execution of the Asset Sale Agreement and prior to the Completion Date, the Sellers and Inmarsat have agreed to use reasonable efforts to obtain novations pursuant to and on the terms and conditions of an agreed form of novation agreement (the “ Form Novation Agreement”) with respect to the Material Customer Contracts (as defined in the Asset Sale Agreement).
Material Customer Contracts means each of the Documented Customer Contracts described in document number 16.04.14 in the Data Room.
Except with respect to Material Customer Contracts (which are addressed in SECTION 1.3(b)), if any Contract is not assigned and the transactions contemplated hereby are consummated with respect to such Contract, the Company shall reasonably cooperate with the Purchaser to provide the Purchaser with the rights and benefits (subject to the obligations) under such Contracts unless a customer shall object.