Breach of Material Contracts. If any party to any of the Material Contracts is in breach in any material respect of its obligations thereunder and such breach or default has a Material Adverse Effect.
Breach of Material Contracts. (a) Any Obligor fails duly to perform or comply with any obligation expressed to be assumed by it in any of the Material Contracts to which it is a party (other than the Licence), where such failure would be reasonably likely to have a Material Adverse Effect.
Breach of Material Contracts. The Business Loan Agreement dated April 21, 1999 among Clinsites, the direct and indirect subsidiaries of Clinsites, White Pines Management L.L.C. and certain other "Lenders." The Security Agreement dated April 21, 1999 among PDA and the Lenders. The Security Agreement dated April 21, 1999 among Clinsites and the Lenders Lease agreement dated May 28, 1998 between Copelco Capital and Clinsites for KONAN specular microscope. Finance Agreement dated July 3, 1998 between HPSC, Inc. and Clinsites for a Lombart specular microscope. Finance Agreement dated August 21, 1998 between HPSC, Inc. and Clinsites for a Lombart specular microscope. Schedule 5.05 Required Consents White Pines Management L.L.C. as agent for the "Lenders" under the Business Loan Agreement dated April 21, 1999, and the Loan Documents (as defined in the Business Loan Agreement). Schedule 5.06 Financial Statements of Seller Pharmaceutical Development Associates, Inc. Balance Sheet As of December 31, 1999 Dec 31, '99 ------------ ASSETS Current Assets Checking/Savings Intercompany-PDA 347,806.30 Checking First Commerce 503.34 ------------ Total Checking/Savings 348,309.64 Accounts Receivable WIP 84,965.68 A/R Sponsors 295,836.98 Allowance for doubtfull account (61,210.28) Total Accounts Receivable 319,592.38 Other Current Assets Income tax receivable 750.00 Due from CDAI 127,394.99 Prepaid Expenses Legal 850.33 American Express 2,462.24 Total Prepaid Expenses 3,312.57 Employee Advances 443.45 Total Other Current Assets 131,901.01 Total Current Assets 799,803.03 Fixed Assets Computer equipment 2,217.28 Computer Software 5,969.80 Medical Equipment 71,392.91 Furniture & Fixtures 40,833.70 Office Equipment 118,317.92 Accum Depreciation (124,477.41) Total Fixed Assets 114,254.20
Breach of Material Contracts. Any Loan Party or any Subsidiary thereof fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Material Contract or fails to observe or perform any other agreement or condition relating to any such Material Contract or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which failure, default or other event is to cause, or to permit the counterparty to such Material Contract to terminate such Material Contract; or
Breach of Material Contracts. (a) Any Material Contract is modified or amended without the consent of the Off Shore Facility Agent or materially breached (other than a breach by a Finance Party of its obligations under the Finance Documents).
Breach of Material Contracts. (mm) so far as the Seller is aware all Material Contracts are valid and subsisting and no material default exists thereunder;
Breach of Material Contracts. (a) Any Obligor falls duly to perform or comply with any obligation expressed to be assumed by it in any of the Material Contracts to which it is a party (other than the Licence), where such failure would be reasonably likely to have a Material Adverse Effect.
Breach of Material Contracts. (i) a legal opinion, in a form and substance satisfactory to the Lessor, has been provided in the Relevant Country in which the relevant Equipment the subject of the relevant drawdown is to be located;
Breach of Material Contracts. BREACH OF LEASE.
Breach of Material Contracts
