Target Material Contract definition

Target Material Contract has the meaning set forth in Section 3.15(a).

Target Material Contract means the following to which the Target or any of its Subsidiaries is a party or any of the respective assets are bound (excluding any Leases):

Target Material Contract means any Contract under which Target remains obligated to pay, or may receive, over a twelve-month period or over the balance of the current term of the Contract, exclusive or without extensions thereof, the sum of $50,000 or more.

Examples of Target Material Contract in a sentence

• Target shall make all filings, applications, statements and reports to all Governmental Authorities and other Persons that are required to be made prior to the Closing Date by or on behalf of Target pursuant to Applicable Law or Target Material Contract in connection with this Agreement and the transactions contemplated hereby.

• Neither the Target nor, to the Knowledge of the Target, any third party has violated any material provision of, or failed to perform any material obligation required under the provisions of, any Target Material Contract.

• Each Target Material Contract is valid and binding on the Target, enforceable against it in accordance with its terms, and is in full force and effect, except as such enforceability may be limited by bankruptcy, insolvency, moratorium and other similar Laws affecting creditors’ rights generally and by general principles of equity.

• The Target has not received written notice that it is in breach of any Target Material Contract.

• Target has made available to Orion true and complete copies of each Target Material Contract listed on SCHEDULE 4.10 and indicated by written description each oral arrangement so listed.

More Definitions of Target Material Contract

Target Material Contract has the meaning set forth in Section 2.9(b).

Target Material Contract has the meaning set forth in Section 5.16(a).

Target Material Contract means each contract, lease, indenture, agreement, arrangement or understanding to which Target or any of its Subsidiaries is subject that is currently in effect and is of a type that would be required to be included as an exhibit to a Form S-1 registration statement pursuant to the rules and regulations of the SEC if such a registration statement were filed by Target.

Target Material Contract means a Contract to which Target or a Subsidiary of Target which is a party and which is material to the business, operations, results of operations or prospects of Target or one or more subsidiaries of Target.

Target Material Contract means any contract, agreement or commitment to which either Target is a party (a) with expected receipts or expenditures in excess of $15,000; (b) required to be listed pursuant to Section 3.10(d) or Section 3.21; (c) requiring either Target to indemnify any party; (d) granting any exclusive rights to any party; (e) evidencing indebtedness for borrowed or loaned money of $15,000 or more, including guarantees of such indebtedness; or (f) that could reasonably be expected to have a Material Adverse Effect on Targets if breached by the Target party thereto in such a manner as would (I) permit any other party to cancel or terminate the same (with or without notice or passage of time); (II) provide a basis for any other party to claim money damages (either individually or in the aggregate with all other such claims under that contract) from either Target; or (III) give rise to a right of acceleration of any material obligation or loss of any material benefit under such Target Material Contract.

Target Material Contract means, in respect of any Target Group Company, any of the following:

Target Material Contract means any Contract that is (a) material to the business or operations of any Target Party or (b) under which any Target Party remains obligated to pay, or may receive, over a twelve-month period or over the balance of the current term of the Contract, exclusive or without extensions thereof, cash or property having a value of $100,000 or more.