Common use of Contracts/Agreements Clause in Contracts

Contracts/Agreements. (a) Landmark has not breached or defaulted on any of its obligations under any material contracts or agreements relating to any of the Assets. (b) At no time prior to the Effective Date has Landmark or any of its Affiliates delivered or received notice of a breach or default by either Landmark or any counterparty under any material contract or agreement relating to any of the Assets or notice of any fact, condition or circumstance that would constitute a breach or default by either Landmark or other counterparty under any material contract or agreement relating to any of the Assets. (c) Landmark has not received notice of any intent or desire to terminate, amend or modify any material contract or agreement relating to any of the Assets or abandon or surrender any interest held by the counterparty under any material contract or agreement relating to any of the Assets. (d) Each contract that is an Asset constitutes the valid and binding obligation of Landmark, and, to Landmark’s knowledge, the other party or parties thereto, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws, and is in full force and effect in all material respects.

Appears in 7 contracts

Samples: Asset Purchase Agreement (Landmark Infrastructure Partners LP), Asset Purchase Agreement (Landmark Infrastructure Partners LP), Asset Purchase Agreement

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