Common use of Absence of Events of Default Clause in Contracts

Absence of Events of Default. No "EVENT OF DEFAULT" (as defined in any agreement or instrument to which the Company is a party) and no event which, with notice, lapse of time or both, would constitute an Event of Default (as so defined), has occurred and is continuing.

Appears in 12 contracts

Samples: Securities Purchase Agreement (X-Change Corp), Securities Purchase Agreement (Auxer Group Inc), Securities Purchase Agreement (Us Dataworks Inc)

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Absence of Events of Default. No "EVENT OF DEFAULT" (as defined in any agreement or instrument to which the Company is a party) and no event which, with notice, lapse of time or both, would constitute an Event of Default (as so defined), has occurred and is continuing, which could have a Material Adverse Effect.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Cafe Odyssey Inc), Securities Purchase Agreement (Cafe Odyssey Inc), Securities Purchase Agreement (Popmail Com Inc)

Absence of Events of Default. No Except as set forth in Schedule III.L., no "EVENT OF DEFAULT" (as defined in any agreement or instrument to which the Company is a party) and no event which, with notice, lapse of time or both, would constitute an Event of Default (as so defined), has occurred and is continuing.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Wareforce Com Inc), Securities Purchase Agreement (Popmail Com Inc), Securities Purchase Agreement (Wareforce Com Inc)

Absence of Events of Default. No "EVENT OF DEFAULTEvent of Default" or "Default" (as each such term is defined in any agreement or instrument to which the Company is a party) and no event which, with notice, lapse of time or both, would constitute an Event of Default (as so defined) or Default (as so defined), has occurred and is continuing, which could have a Material Adverse Effect.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Star Multi Care Services Inc), Securities Purchase Agreement (Viisage Technology Inc)

Absence of Events of Default. No Except as set forth in Schedule III.L, no "EVENT OF DEFAULT" (as defined in any agreement or instrument to which the Company is a party) and no event which, with notice, lapse of time or both, would constitute an Event of Default (as so defined), has occurred and is continuing.

Appears in 1 contract

Samples: Securities Purchase Agreement (CVF Corp)

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Absence of Events of Default. No Except as set forth on Schedule III.L., no "EVENT OF DEFAULT" (as defined in any agreement or instrument to which the Company is a party) and no event which, with notice, lapse of time or both, would constitute an Event of Default (as so defined), has occurred and is continuing.

Appears in 1 contract

Samples: Securities Purchase Agreement (Innovative Gaming Corp of America)

Absence of Events of Default. No Except as set forth in Schedule III.L., no "EVENT OF DEFAULT" (as defined in any agreement or instrument to which the Company is a party) and no event which, with notice, lapse of time or both, would constitute an Event of Default (as so defined), has occurred and is continuingcontinuing (without waiver).

Appears in 1 contract

Samples: Securities Purchase Agreement (Storage Computer Corp)

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