Common use of Covenants and Agreements -- No Default Clause in Contracts

Covenants and Agreements -- No Default. Seller shall not be in default in respect of any obligation under this Agreement and Seller shall have performed or complied in all Material respects with all covenants and agreements required by this Agreement to be performed or complied with by them prior to or as of the Closing Date.

Appears in 2 contracts

Samples: Business Combination Agreement (It Partners Inc), Business Combination Agreement (It Partners Inc)

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Covenants and Agreements -- No Default. Seller Buyer shall not be in default in respect of any obligation under this Agreement and Seller Buyer shall have performed or complied in all Material respects with all covenants and agreements required by this Agreement to be performed or complied with by them Buyer prior to or as of the Closing Date.

Appears in 2 contracts

Samples: Business Combination Agreement (It Partners Inc), Business Combination Agreement (It Partners Inc)

Covenants and Agreements -- No Default. Seller Buyer shall not be in material default in respect of any obligation under this Agreement and Seller Buyer shall have performed or complied in all Material material respects with all covenants and agreements required by this Agreement to be performed or complied with by them Buyer prior to or as of the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Black & Decker Corp)

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Covenants and Agreements -- No Default. Seller Buyer shall not be in material default in respect of any obligation under this Agreement and Seller Buyer shall have performed or complied in all Material 68 77 material respects with all covenants and agreements required by this Agreement to be performed or complied with by them Buyer prior to or as of the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Litton Industries Inc)

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