Examples of Unassignable Contracts in a sentence
From and after the Closing, Triant Holdings and the Seller shall hold the rights, benefits and remedies under the Unassignable Contracts for the benefit of the Buyer for the balance of their unexpired terms.
S&N US hereby agrees to indemnify and save harmless Westaim from any and all Damages incurred by Westaim in respect of any act or omission relating to the Unassignable Contracts caused by S&N US that arises any time after the Closing Date, in accordance with Article 6.
The Buyer shall perform the remaining obligations under the Unassignable Contracts to the same extent as required hereunder with respect to the contracts among the Assumed Liabilities.
Seller shall use all reasonable efforts to obtain the consent of all necessary third parties to the transfer or assignment to Purchaser pursuant to this Agreement of all Unassignable Contracts.
Correct and complete copies of all provisions of the Unassignable Contracts that are relevant to the performance of Supplier's obligations under this Agreement shall have been delivered to Supplier on or prior to the Effective Date.
Triant Holdings and the Seller shall use their commercially reasonable efforts to assign and transfer at the earliest time the Unassignable Contracts to the Buyer.
Seller acknowledges that the inability to assign any of the Unassignable Contracts shall not relieve Seller of the obligation to sell and deliver such of the Acquired Assets as shall be tangible and/or capable of being delivered or otherwise assignable.
If such consent is not obtained, or if an attempted assignment thereof would be ineffective or would adversely affect the rights of Buyer thereunder, Seller shall, until the later of six months from the Closing Date and the date of dissolution of such Seller, cooperate with Buyer in any arrangement requested by Buyer to provide for Buyer's rights and benefits under any or all of such Unassignable Contracts.
Following such period, for all Contracts that Seller and its Subsidiaries have not been able to obtain such consent other than Unassignable Contracts, Seller and its Subsidiaries shall assign such Contracts to Purchaser or its Subsidiaries, and it shall be the responsibility of Purchaser to continue to obtain the necessary consents to such assigned Contracts.
Buyer and Seller acknowledge that certain of the Seller Contracts may not, by their terms or under applicable law, be assignable without obtaining third-party consents or approvals (collectively, "Unassignable Contracts").