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 28 contracts

Samples: Asset Purchase Agreement (Umed Holdings, Inc.), Purchase Agreement (Umed Holdings, Inc.), Purchase Agreement (Umed Holdings, 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 24 contracts

Samples: Securities Purchase Agreement (Diamond Entertainment Corp), Securities Purchase Agreement (Adatom Com Inc), Securities Purchase Agreement (Dynamicweb Enterprises Inc)

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 18 contracts

Samples: Subsidiary Acquisition Agreement (Utilicraft Aerospace Industries, Inc.), Securities Purchase Agreement (Seaway Valley Capital Corp), Securities Purchase Agreement (Inforetech Wireless Technology Inc)

Absence of Events of Default. No Event of Default” (, as defined in any the respective agreement or instrument to which the Company is a party) , and no event which, with notice, lapse the giving of notice or the passage of time or both, would constitute become an Event of Default (as so defined), has occurred and is continuing, which would have a material adverse effect on Company's financial condition or results of operations.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Fieldpoint Petroleum Corp), Securities Purchase Agreement (XML Global Technologies Inc), Securities Purchase Agreement (XML Global Technologies Inc)

Absence of Events of Default. No Event of Default” (, as defined in any the respective agreement or instrument to which the Company is a party) , and no event which, with notice, lapse the giving of notice or the passage of time or both, would constitute become an Event of Default (as so defined), has occurred and is continuing, which would have a material adverse effect on the Company's financial condition or results of operations.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Galvestons Steakhouse Corp), Securities Purchase Agreement (New Frontier Media Inc /Co/), Securities Purchase Agreement (Galvestons Steakhouse Corp)

Absence of Events of Default. No Event of Default” Default (or its equivalent term), as defined in any the respective agreement or instrument to which the Company is a party) , and no event which, with notice, lapse the giving of notice or the passage of time or both, would constitute become an Event of Default (or its equivalent term) (as so defineddefined in such agreement), has occurred and is continuing, which would have a material adverse effect on the Company's financial condition or results of operations.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Strategic Solutions Group Inc), Redemption Agreement (U S Wireless Data Inc), Securities Purchase Agreement (Strategic Solutions Group Inc)

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, other than pursuant to the AJW Debentures.

Appears in 1 contract

Samples: Securities Purchase Agreement (Peabodys Coffee Inc/Nv)

Absence of Events of Default. No Event of Default” (, as defined in any material agreement or instrument to which the Company is a party) , and no event which, with notice, lapse the giving of notice or the passage of time or both, would constitute become an Event of Default (as so defined), has occurred and is continuing, which would have a Material Adverse Effect on the Company's business, properties, prospects, financial condition or results of operations.

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (Roomlinx Inc)

Absence of Events of Default. No "Event of Default" (as defined in any agreement or instrument to which the Company or ESI or any of their subsidiaries 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 1 contract

Samples: Securities Subscription and Investment Agreement (Ada-Es Inc)

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.. K.

Appears in 1 contract

Samples: Securities Purchase Agreement (Material Technologies Inc /Ca/)

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, except those Events of Default that would not result in a Material Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Celsius Holdings, 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 or any of its subsidiaries 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 1 contract

Samples: Exchange Agreement (Rocky Mountain High Brands, Inc.)

Absence of Events of Default. No "Event of Default" (as defined in any agreement or instrument to which the Company or any of their subsidiaries 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 1 contract

Samples: Securities Subscription and Investment Agreement (Ada-Es Inc)

Absence of Events of Default. No Event of Default” (, as defined in any the respective agreement or instrument to which the Company is a party) , and no event whichwhich , with notice, lapse the giving of notice or the passage of time or both, would constitute become an Event of Default (as so defined), has bas occurred and is continuing, which would have a Material Adverse Effect or a material adverse effect on the Company's business, properties, prospects, financial condition or results of operations.

Appears in 1 contract

Samples: Securities Purchase Agreement (Las Vegas Railway Express, Inc.)

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.. Initials Initials

Appears in 1 contract

Samples: Securities Purchase Agreement (Turbine Truck Engines Inc)

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 would have a Material Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Stan Lee Media Inc)

Absence of Events of Default. No “Event of Default” (as defined in any agreement or instrument to which the Company is a partyagreement) and no event which, with notice, lapse of time or both, would constitute an Event of Default (as so defined)Default, has occurred and is continuing, which could be expected to materially and adversely affect the ability of the Company to perform its obligations pursuant to this Note.

Appears in 1 contract

Samples: Promissory Note (Seaway Valley Capital Corp)

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