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.
Except as otherwise provided in this Section 5.6(d), the term of the responsibilities of the Purchaser and the Seller under this Section 5.6(d) shall be from the Closing Date until such time as all of the Novation Contracts, including any extensions or options thereto exercised by the Government, are novated as set forth immediately above, completed or terminated.
The Seller shall reasonably promptly forward any written communications from the Government referring to or relating to the Novation Contracts to the Purchaser, but in no event more than three (3) Business Days following receipt thereof by the Seller.
In the event that any of the Novation Contracts is terminated in whole or in part by the Government prior to contract novation and prior to expiration of the term of this Section 5.6(d), the rights of the Seller and the Purchaser concerning the termination thereof shall be governed by the provisions of the applicable termination clause (such as the termination for convenience provisions or the termination for default provisions, as applicable) set forth in such Novation Contract.
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.
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.
During the time that Smith was both President of VHA, a Genentech stockholder and a member of Genetech's Board of Directors, Genetech was awarded several Novation Contracts, including Contract Nos.
Purchaser shall notify Seller in writing if it accelerates shipments under the Non-consented Contracts or the Novation Contracts.
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 proceed diligently with the performance of their respective obligations under this Section 5.6(d), and shall apply their best efforts to ensure that the Novation Contracts are successfully novated to the Purchaser.