Examples of Remaining Contracts in a sentence
As of the Effective Date, the Debtors shall assume or assume and assign, as applicable, pursuant to sections 365 and 1123(b)(2) of the Bankruptcy Code, each of the Remaining Contracts of the Debtors that are identified in Exhibit C hereto that have not expired under their own terms prior to the Effective Date.
If Buyer does not elect to so terminate this Agreement, then Buyer shall be deemed to have elected to assume the Remaining Contracts and Seller shall terminate any Service Contract on Buyer’s List other than the Remaining Contracts (the “Terminated Contracts”), at Seller’s sole cost and expense, effective on or before the Closing Date, and shall indemnify Buyer for any cost or expense (including reasonable attorney’s fees) associated with the Terminated Contracts.
Per: “Xxxxxx Xxxxx” Per: Per: “Xxxxxx Xxxxx” Per: “Xxxxxx Xxxxxxxx” All of the Vendor’s right, title and interest in and to the following assets: • computer hardware; • computer software; • machinery and equipment; • office furniture and equipment; • office leaseholds; • new animal facility leasehold; • operating and scientific inventory; • Intellectual Property; • customer lists; • Books and Records; • Permits and Licences; • the Head Office Lease; and • the Remaining Contracts.
The Applicants submit that all of the criteria under section 11.3 of the CCAA have been satisfied in relation to the assignment of the SLH Remaining Contracts and that the proposed SLH Assignment Order should be granted for the reasons set out below.
As of the Effective Date, the Debtors shall assume or assume and assign, as applicable, pursuant to sections 365 and 1123(b)(2) of the Bankruptcy Code, each of the Remaining Contracts of theDebtors that are identified in Exhibit E hereto that have not expired under their own terms prior to the Effective Date.
The Business Contracts, the Leasing Contract and the Remaining Contracts, shall be jointly referred to as the “MovilCarga Contracts”.
Remaining Contracts ISSUES: The DB‐275 Pearl Highlands Parking Structure, Transit Center and Ramp, and DBB‐520 Airport and City Center Guideway Construction/City Center Utilities solicitations are currently active; however the solicitation schedules for both are on hold.
Each party agrees that Assignor shall cease to receive and enjoy any Benefits or perform any of its obligations under the Remaining Contracts and Assignee shall receive and enjoy all the Benefits and assume the obligations for such Remaining Contracts.
The amount of sales related to these Remaining Contracts which have not been recognized as of September 30, 2020 and December 31, 2019 was $1.8 million and $9.0 million, respectively.
Each Party further acknowledges and agrees that (i) the TSLTA, (ii) the Remaining Contracts Agreement and (iii) the Seller Guaranty shall each constitute a Transaction Document for all purposes of the Purchase Agreement and the other Transaction Documents.