Examples of Nonassignable Contracts in a sentence
Notwithstanding any provision herein to the contrary, on the Effective Date, the Debtors shall retain all rights to the Non-assignable Contracts and shall use their reasonable best efforts to obtain any consent, approval or amendment, if any, required to novate, assume and/or assume and assign any Non-assignable Contract.
Nonassignable Contracts and Permits; Required Consents............
Buyer shall be responsible only for the liabilities or obligations arising out of the Nonassignable Contracts or Authorizations listed on Schedule 2.2 to the extent they are assigned or transferred to Buyer pursuant to the terms of this Agreement or Buyer is provided with the benefits, claims, and rights under such Nonassignable Contracts or Authorizations.
For purposes of this Section 2.3, Multi- Product Contracts will be deemed to constitute Nonassignable Contracts unless such Multi-Product Contracts permit a partial assignment thereof as contemplated by this Agreement.
In connection therewith, APT shall arrange for the customers of the Non-assignable Contracts to apply all moneys owing thereunder to a lockbox account, which shall provide that moneys deposited therein may be withdrawn only by individuals designated by Loral.