Outstanding Contracts definition
Examples of Outstanding Contracts in a sentence
Insofar as the benefit subject to the burden of any of the Outstanding Contracts cannot effectively be novated to the Purchaser without the consent of a third party, the Vendor and the Purchaser shall use their respective best endeavours to obtain such consent as soon as practicable.
Buyer's failure to do so shall be considered to be a repudiation by Buyer of the Contract and of all other then-existing contracts that provide for Buyer to purchase goods and/or services from Seller ("Outstanding Contracts").
The Vendor is not in relation to the Business or Assets a party to any contact or understanding whether oral or in writing (other than the Outstanding Contracts) which would have a value or liability arising for the Vendor thereunder which could exceed Fifty Thousand United States Dollars (US$50,000) (or its monetary equivalent) for the sale of goods or provision of services relating to the Business.