Common use of Absence of Events of Default Clause in Contracts

Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a material adverse effect on the business, operations, condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a whole.

Appears in 7 contracts

Samples: Securities Purchase Agreement (Advanced Viral Research Corp), Securities Purchase Agreement (Imaging Diagnostic Systems Inc /Fl/), Securities Purchase Agreement (Advanced Viral Research Corp)

AutoNDA by SimpleDocs

Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or its Subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a material adverse effect on the business, operations, condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a wholeMaterial Adverse Effect.

Appears in 7 contracts

Samples: Securities Purchase Agreement (Omnicomm Systems Inc), Securities Purchase Agreement (Omnicomm Systems Inc), Securities Purchase Agreement (American Security Resources Corp.)

Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a material adverse effect on the business, operations, operations or condition (financial or otherwise), ) or results of operations of the Company and its subsidiaries, taken as a whole.

Appears in 7 contracts

Samples: Securities Purchase Agreement (American Champion Entertainment Inc), Securities Purchase Agreement (American Champion Entertainment Inc), Securities Purchase Agreement (American Champion Entertainment Inc)

Absence of Events of Default. Except as set forth in Annex V hereto and Section 3(e) hereof), no Event of Default (or its equivalent term)Default, as defined in the respective agreement to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreementdefined), has occurred and is continuing, which would have a material adverse effect on the business, operations, Company's financial condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a wholeoperations.

Appears in 5 contracts

Samples: Securities Purchase Agreement (All American Food Group Inc), Securities Purchase Agreement (Harvest Restaurant Group Inc), Securities Purchase Agreement (Harvest Restaurant Group Inc)

Absence of Events of Default. Except as set forth on Annex II or in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or its Subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a material adverse effect on the business, operations, condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a wholeMaterial Adverse Effect.

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement (RADIENT PHARMACEUTICALS Corp), Note and Warrant Purchase Agreement (RADIENT PHARMACEUTICALS Corp)

Absence of Events of Default. Except as set forth in Section 3(e) hereofAnnex V hereto, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a material adverse effect on the business, operations, Company's financial condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a wholeoperations.

Appears in 2 contracts

Samples: Securities Purchase Agreement (U S Wireless Data Inc), Securities Purchase Agreement (Wasatech Interactive Learning Corp)

Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a material adverse effect on the business, operations, operations or the financial condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a whole.

Appears in 2 contracts

Samples: Securities Purchase Agreement (TTR Inc), Securities Purchase Agreement (Ambient Corp /Ny)

Absence of Events of Default. Except as set forth in Section Schedule 3(e) hereof), no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a material adverse effect on the business, operations, condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a wholeMaterial Adverse Effect.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Remote MDX Inc), Securities Purchase Agreement (Remote MDX Inc)

Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or any of its subsidiaries is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a material adverse effect on the business, operations, condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a wholeMaterial Adverse Effect.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Flexxtech Corp), Securities Purchase Agreement (Flexxtech Corp)

Absence of Events of Default. Except as set forth described in Section 3(e) hereofSchedule 3(l), no Event of Default (or its equivalent term), as defined in the respective agreement agreement, indenture, mortgage, deed of trust or other instrument, to which the Company or any of its subsidiaries is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreementdocument), has occurred and is continuing, which would have a material adverse effect on the business, operations, condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a wholeMaterial Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Interactive Games Inc.)

Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company or its subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a material adverse effect on the business, operations, condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a whole.Material Adverse Effect. 12/09/04

Appears in 1 contract

Samples: Securities Purchase Agreement (Infinium Labs Inc)

Absence of Events of Default. Except as set forth in Annex V hereto and Section 3(e) hereof), no Event of Default (or its equivalent term)Default, as defined in the respective agreement to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreementdefined), has occurred and is continuing, which would have a material adverse effect on the business, operations, Company's financial condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a whole.operations. ROTI; 1/27/98; 1:14 PM;

Appears in 1 contract

Samples: Securities Purchase Agreement (Harvest Restaurant Group Inc)

AutoNDA by SimpleDocs

Absence of Events of Default. Except as set forth in Annex V hereto and Section 3(e) hereof), no Event of Default (or its equivalent term)Default, as defined in the respective agreement to which the Company is a party, and no event which, which with the giving of notice or the passage of time or both, both would become an Event of Default (or its equivalent term) (as so defined in such agreementdefined), has occurred and is continuing, which would have a material adverse effect on the business, operations, Company's financial condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a wholeoperations.

Appears in 1 contract

Samples: Securities Purchase Agreement (Quadrax Corp)

Absence of Events of Default. Except as set forth in Annex V hereto and Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a material adverse effect on the business, operations, Company's financial condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a wholeoperations.

Appears in 1 contract

Samples: Securities Purchase Agreement (Preiss Byron Multimedia Co Inc)

Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a material adverse effect on the business, operations, financial condition (financial or otherwise), or results of operations of the Company and its subsidiaries, subsidiaries taken as a whole.

Appears in 1 contract

Samples: Securities Purchase Agreement (Stockgroup Com Holdings Inc)

Absence of Events of Default. Except as set forth in Section 3(e) hereof), no Event of Default (or its equivalent term)Default, as defined in the respective agreement to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreementdefined), has occurred and is continuing, which would have a material adverse effect on the business, operations, Company's financial condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a wholeoperations.

Appears in 1 contract

Samples: Securities Purchase Agreement (Media Logic Inc)

Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an -6- NEXT PAGE Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a material adverse effect on the business, operations, condition (financial or otherwise), or results of operations of the Company and its subsidiaries, taken as a wholeMaterial Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Pacel Corp)

Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a material adverse effect on the business, operations, operations or condition (financial or otherwise), or results of operations of the Company and its subsidiaries, subsidiaries taken as a whole.

Appears in 1 contract

Samples: Securities Purchase Agreement (Play Co Toys & Entertainment Corp)

Absence of Events of Default. Except as set forth in Section 3(e) hereof, no Event of Default (or its equivalent term), as defined in the respective agreement to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an Event of Default (or its equivalent term) (as so defined in such agreement), has occurred and is continuing, which would have a material adverse effect on the business, operations, operations or financial condition (financial or otherwise), or results of operations of the Company and its subsidiaries, subsidiaries taken as a whole.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tanners Restaurant Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!