Examples of Purchased Agreements in a sentence
Immediately after the Closing, in addition to copies of the Purchased Agreements delivered to Buyer as part of the transactions contemplated by this Agreement, Seller shall deliver to Buyer or destroy copies of any Purchased Assets in Seller’s possession or control that are primarily or exclusively related to the Business, whether such copies are in paper form, on computer media or stored in another form; provided, however, that Seller may retain copies of the Assigned Agreements.
The Purchased Accounts Receivable (i) are valid and existing, (ii) represent monies due for goods sold or services rendered by Seller, or, in the case of Deferred Revenues, goods to be sold or services to be rendered, in any case pursuant to the Purchased Agreements, (iii) are not subject to any defenses, rights of set-off, assignment, restrictions or Liens and (iv) do not include any amounts owed to Seller by an Owner or any director, officer or employee of Seller or any relative of any such Person.
On the terms and subject to the conditions set forth herein, at the Closing, Purchasers shall assume, and agree to pay, perform and discharge in due course, those liabilities and obligations of Sellers with respect to the Purchased Agreements, but in each case only to the extent that such obligations under the Purchased Agreements accrue and relate to periods beginning on or after the Closing Date (as hereinafter defined) (such obligations, the “Assumed Liabilities”).
This scheme primarily applies to exports from vaccine manufacturers with whom the EU has concluded Advance Purchased Agreements.
Sellers shall not terminate or modify, or commit or cause or suffer to be committed any act that will result in any breach or violation of any term of or (with or without notice or passage of time, or both) constitute a default under or otherwise give any Person a basis for nonperformance under, any of the Purchased Agreements or the Continuing Agreements.
Sellers and Purchasers have agreed that the Closing shall not occur prior to the Outside Date unless Sellers have received, in the aggregate, an amount equal to Two Hundred Ninety Four Thousand One Hundred Fifty One Dollars ($294,151) (the “Additional Payment Amount”) from payments under the Purchased Agreements during the period from and after the Effective Date of this Agreement through the Closing (such payments are hereinafter referred to collectively as the “Income Stream Payments”).
EU export control scheme on Covid 19 vaccines The last export regime established by the European Union in the context of the pandemic affects COVID- 19 vaccines by producers with Advanced Purchased Agreements (APAs) with the European Commission.
All of the Purchased Agreements, the Equipment Leases and the Leases are legal, binding, valid, enforceable, and in full force and effect.
The execution, delivery and performance of this Agreement, including without limitation the assignment of the Purchased Agreements, by Seller and KFM do not require any consents or approvals by any contract party other than such consents and approvals identified in Section 4.3 which have been secured.
No Seller has received any notice from any party to any of the Purchased Agreements or the Continuing Agreements (other than Purchasers) of such party’s intent to terminate, amend or declare a default under any of such agreements.