Each Material Contract Sample Clauses
The 'Each Material Contract' clause requires the parties to identify and address all significant agreements that are essential to the business or transaction at hand. In practice, this clause typically obligates the disclosing party to provide a list or copies of contracts that have a substantial impact on the company's operations, such as major supplier agreements, customer contracts, or key service arrangements. Its core function is to ensure transparency and allow the other party to assess potential risks or obligations associated with these critical contracts.
Each Material Contract. (i) is valid and binding on the respective parties thereto and is in full force and effect and (ii) upon consummation of the transactions contemplated by this Agreement, except to the extent that any consents set forth in Section 3.05 of the Seller's Disclosure Schedule are not obtained, shall continue in full force and effect without penalty or other adverse consequence. The Company is not in breach of, or default under, any Material Contract. The Seller has furnished the Purchaser with true and complete copies of all Material Contracts.
Each Material Contract. (i) is valid and binding on the respective parties thereto and is in full force and effect and (ii) upon consummation of the transactions contemplated by this Agreement, shall continue in full force and effect without penalty or other adverse consequence. The Company is not in material breach of, or material default under, any Material Contract and, to the knowledge of the Company, no other party to any Material Contract is in material breach thereof or material default thereunder.
Each Material Contract. (i) is valid and binding on the respective parties thereto and is in full force and effect and (ii) upon consummation of the transactions contemplated by this Agreement or the New Stockholders Agreement, shall continue in full force and effect without penalty or other adverse consequence resulting from the transactions contemplated hereby and thereby. Neither SOFEDIT nor any SOFEDIT Subsidiary is in breach of, or default under, any Material Contract.
Each Material Contract. (i) is a legal, valid and binding obligation of the Company and, to the Knowledge of the Founding Shareholders, the other parties thereto; (ii) is in full force and effect in accordance with its terms; and (iii) upon completion of the Contemplated Transactions will continue in full force and effect without penalty or other adverse consequence, subject to obtaining the consents and approvals referred to in Section 4.3.2 of the Disclosure Letter. The Company has not received, to the Knowledge of the Founding Shareholders, any other party to a Material Contract has received any written notice of, or is in, any breach of or default under any Material Contract. Section 4.9.2 of the Disclosure Letter sets forth accurate descriptions of each Material Contract, including in each case all amendments or supplements thereto and the terms of any unwritten Material Contracts.