Common use of Conduct of Business; Liabilities Clause in Contracts

Conduct of Business; Liabilities. Except as set forth in Schedule 2.4, the Corporation is not in default under, and no condition exists that with notice or lapse of time would constitute a default of the Corporation under (i) any mortgage, loan agreement, evidence of indebtedness, or other instrument evidencing borrowed money to which the Corporation is a party or by which the Corporation or the properties of the Corporation are bound or (ii) any judgment, order, or injunction of any court, arbitrator, or governmental agency that would reasonably be expected to affect materially and adversely the business, financial condition, or results of operations of the Corporation taken as a whole.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Biomar International Inc), Stock Purchase Agreement (Paracelsian Inc /De/)

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Conduct of Business; Liabilities. Except as set forth in Schedule 2.4, the The Corporation is not in default -------------------------------- under, and no condition exists that with notice or lapse of time would constitute a default of the Corporation under (i) any mortgage, loan agreement, evidence of indebtedness, or other instrument evidencing borrowed money to which the Corporation is a party or by which the Corporation or the properties of the Corporation are bound or (ii) any judgment, order, or injunction of any court, arbitrator, or governmental agency that would reasonably be expected to affect materially and adversely the business, financial condition, or results of operations of the Corporation taken as a whole.

Appears in 2 contracts

Samples: Option to Purchase Stock Agreement (Biolynx Com Inc), Option to Purchase Stock Agreement (Biolynx Com Inc)

Conduct of Business; Liabilities. Except as set forth in Schedule SCHEDULE 2.4, the Corporation Company is not in default under, and no condition exists that with notice or lapse of time would constitute a default of the Corporation Company under (i) any mortgage, loan agreement, evidence of indebtedness, or other instrument evidencing borrowed money to which the Corporation Company is a party or by which the Corporation Company or the properties of the Corporation Company are bound or (ii) any judgment, order, or injunction of any court, arbitrator, or governmental agency that would reasonably be expected to affect materially and adversely the business, financial condition, or results of operations of the Corporation Company taken as a whole.

Appears in 1 contract

Samples: Stock Purchase Agreement (Simonds Industries Inc)

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Conduct of Business; Liabilities. Except as set forth in Schedule 2.4, --------------------------------- the Corporation is not in default under, and no condition exists that with notice or lapse of time would constitute a default of the Corporation under (i) any mortgage, loan agreement, evidence of indebtedness, indebtedness or other instrument evidencing borrowed money to which the Corporation is a party or by which the Corporation or the properties of the Corporation are bound or (ii) any judgment, order, order or injunction of any court, arbitrator, arbitrator or governmental agency that would reasonably be expected to affect materially and adversely the business, financial condition, condition or results of operations of the Corporation taken as a whole.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pacific Telcom Inc)

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