Material Producer definition
Examples of Material Producer in a sentence
Since December 31, 2018, each Material Producer was appointed and compensated by the Company in compliance in all material respects with applicable Law.
No Company has received any notice, and has any reason to believe, that any Material Producer has ceased, or intends to cease after the Closing, to terminate or materially reduce its relationship with any Company.
Section 3.25(d) of the Target Disclosure Schedule sets forth all pending written cancellation, termination or nonrenewal notices furnished to any of the Regulated Subsidiaries by a Material Producer.
In the event the foregoing provisions of this subparagraph shall apply, and Writer does not enter into a publication agreement as aforesaid, and Producer proceeds with the publication of a novelization based upon the Material, Producer shall cause publisher to execute a written agreement pursuant to which it agrees to pay directly to Writer 50% of all amounts payable to Producer by the publisher (including advances and royalties) for such rights, services and artwork.
None of Seller, FGWLA, CLAC or the Seller Subsidiary that is a party to a Material Producer Contract or, to the Knowledge of Seller, FGWLA and CLAC, any other party to such Material Producer Contract is in breach thereof in any material respect.
Except as set forth in Section 3.25(d) of the Target Disclosure Schedules, no consent or approval is required to be obtained, and no notice required to be given, under any Contract with a Material Producer in connection with the transactions contemplated by this Agreement.
To Target’s knowledge, there are no circumstances, including the consummation of the transactions contemplated by this Agreement, which are likely to result in the termination, cancellation or nonrenewal of a Contract with a Material Producer, or the cessation of business being transacted between a Regulated Subsidiary and a Material Producer.
Materials must also be approved for use by TXDOT and be listed currently on the TXDOT Material Producer List.
There is no event that has occurred which, with the passage of time or the giving of notice, or both, would create a default or breach by any Seller Party of any Material Producer Contact.
Schedule 4.27 lists each contract that Seller, FGWLA, CLAC (in each case, to the extent relating to the Business) or any Seller Subsidiary has with a Producer in effect as of the date hereof which resulted, in calendar year 2006, in more than $20,000,000 in direct written premium and premium equivalents (each a “ Material Producer Contract”).