Novation Contracts definition

Novation Contracts means each of (i) the Lockheed M▇▇▇▇▇ Corp. RF Devices Project RFP# DC - RF - 03-05 Memorandum of Understanding (with Remec Magnum), (ii) the Lockheed M▇▇▇▇▇ Corp. RF Devices Project RFP# DC - RF - 03-05 Memorandum of Understanding (with Q-BIT Corp.), (iii) the BAE Systems North America Long Term Supply Agreement, (iv) the Rockwell C▇▇▇▇▇▇ Enterprise Sourcing Agreement No. CW19B05 and (v) the Defense & Space Supply Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Novation Contracts means those Contracts details of which are set out in Schedule 6 (Novation Contracts);

Novation Contracts has the meaning set forth in Section 4.5(a). “Parties” has the meaning set forth in the preamble. “Party” has the meaning set forth in the preamble. “Payee” has the meaning set forth in Section 8.1(c). “Person” means any natural person, general or limited partnership, corporation, limited liability company, limited liability partnership, firm, association or organization or other legal entity, including any Governmental Authority. “Personal Information” means information relating to an identified or identifiable person, including: (a) a natural person’s name, street address or specific geolocation information, date of birth, email address, biometric data, Social Security number, driver’s license number, passport number, tax identification number, any government-issued identification number, financial

Examples of Novation Contracts in a sentence

• Notwithstanding the foregoing, under no circumstances shall the Service Provider offer or provide Novation Proprietary Services or any other service involving the Novation Contracts to any Person other than to a Member in accordance with the terms of this Agreement.

• At the Purchaser’s instruction, the Seller shall cause all payments for performance under the Novation Contracts to be paid into a lock-box under the exclusive control of the Purchaser pursuant to the terms of the lock-box agreement for such lock-box.

• Purchaser shall notify Seller in writing if it accelerates shipments under the Non-consented Contracts or the Novation Contracts.

• The Seller shall also pass on to the Purchaser, without any withholding or setoff, via wire transfer of funds, promptly, but in no event later than five (5) Business Days of receipt, any amounts the Seller receives from the Government for performance under the Novation Contracts.

• In the event the Government contacts the Seller directly, the Seller shall reasonably promptly inform the Purchaser of the substance of any such communications that are material or that otherwise require that action be taken in respect of the Novation Contracts.

• The Parties’ rights, duties and obligations with respect to each such Awarded Contract are the same as set forth in this Section 5.6(d) for Novation Contracts.

• In addition, the Seller shall provide the Purchaser with prompt notice and copies of all Contracts (including Novation Contracts) entered into after the date hereof, and all such Contracts will be treated as Acquired Assets and/or Novation Contracts and subject to Section 2.11 and/or Section 5.6(d), as applicable.

• The Purchaser shall, in the first instance, be responsible for communications with the Government regarding the Novation Contracts.

• Each of the Seller and the Purchaser shall fully cooperate with each other to ensure that all requirements of the Novation Contracts (including any additional work requested by the Government, if applicable), are satisfied and that the transition of performance occurs without disruption or inconvenience to the Government.

• The Seller will include the Purchaser (or, if this is not practicable, reasonably promptly update the Purchaser) with respect to any material communications with the Government regarding the Novation Contracts.

More Definitions of Novation Contracts

Novation Contracts has the meaning set forth in Section 5.6(d)(i)(A).

Novation Contracts means those contracts details of which are set out in Schedule 9; “Offer” has the meaning given to it in Clause 13.1;

Novation Contracts. The Parties will submit requests to the United States Government (the “Government”) to novate the Novation Contracts.