Common use of Indebtedness; Contracts; No Defaults Clause in Contracts

Indebtedness; Contracts; No Defaults. (a) Schedule 3.8 sets forth a true, complete and correct list of all material instruments, agreements, indentures, mortgages, guarantees, notes, commitments, accommodations, letters of credit or other arrangements or understandings, whether written or oral, to which the subsidiaries are a party (collectively, the "Acquisition Operating Agreements"). An agreement shall not be considered material for the purposes of this Section 3.8(a) if it provides for expenditures or receipts of less than US $100,000 and has been entered into by any subsidiary in the ordinary course of business. The Acquisition Operating Agreements constitute all of the contracts, agreements, understandings and arrangements required for the operation of the business of Acquisition or which have a material effect thereon. Copies of all such material written Acquisition Operating Agreements have previously been delivered or otherwise made available to the Company and such copies are true, complete and correct as of the date hereof.

Appears in 3 contracts

Samples: Share Exchange Agreement (Alec Bradley Cigar Corp/Fl), Share Exchange Agreement (Online Vacation Center Holdings Corp), Share Exchange Agreement (Cataldo William A)

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Indebtedness; Contracts; No Defaults. (a) Item 3.7 of the Disclosure Schedule 3.8 sets forth a true, complete and correct list of all material instruments, agreements, indentures, mortgages, guarantees, notes, commitments, accommodations, letters of credit or other arrangements or understandings, whether written or oral, to which the subsidiaries are Value or any Subsidiary is a party (collectively, the "Acquisition Value Operating Agreements"). An agreement shall not be considered material for the purposes of this Section 3.8(a3.7(a) if it provides for expenditures or receipts of less than US $100,000 500 and has been entered into by any subsidiary Value or a Subsidiary in the ordinary course of business. The Acquisition Value Operating Agreements constitute all of the contracts, agreements, understandings and arrangements required for the operation of the business of Acquisition Value and the Subsidiaries or which have a material effect thereon. Copies of all such material written Acquisition Value Operating Agreements have previously been delivered or otherwise made available to the Company and such copies are true, complete and correct as of the date hereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (Chattown Com Network Inc)

Indebtedness; Contracts; No Defaults. (a) Item 2.7 of the Disclosure Schedule 3.8 sets forth a true, complete and correct list of all material instruments, agreements, indentures, mortgages, guarantees, notes, commitments, accommodations, letters of credit or other arrangements or understandings, whether written or oral, to which the subsidiaries are Company or any Subsidiary is a party (collectively, the "Acquisition Operating Agreements"). An agreement shall not be considered material for the purposes of this Section 3.8(a2.7(a) if it provides for expenditures or receipts of less than US $100,000 50,000 and has been entered into by any subsidiary the Company or a Subsidiary in the ordinary course of business. The Acquisition Operating Agreements constitute all of the contracts, agreements, understandings and arrangements required for the operation of the business of Acquisition the Company and the Subsidiaries or which have a material effect thereon. Copies of all such material written Acquisition Operating Agreements have previously been delivered or otherwise made available to the Company Sellers and such copies are true, complete and correct as of the date hereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (Computer Marketplace Inc)

Indebtedness; Contracts; No Defaults. (a) Item 2.7 of the Disclosure Schedule 3.8 sets forth a true, complete and correct list of all material instruments, agreements, indentures, mortgages, guarantees, notes, commitments, accommodations, letters of credit or other arrangements or understandings, whether written or oral, to which the subsidiaries are Company or any Subsidiary is a party (collectively, the "Acquisition Operating Agreements"). An agreement shall not be considered material for the purposes of this Section 3.8(a2.7(a) if it provides for expenditures or receipts of less than US $100,000 1,000 and has been entered into by any subsidiary the Company or a Subsidiary in the ordinary course of business. The Acquisition Operating Agreements constitute all of the contracts, agreements, understandings and arrangements required for the operation of the business of Acquisition the Company and the Subsidiaries or which have a material effect thereon. Copies of all such material written Acquisition Operating Agreements have previously been delivered or otherwise made available to the Company Sellers and such copies are true, complete and correct as of the date hereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (Chattown Com Network Inc)

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Indebtedness; Contracts; No Defaults. (a) Item 2.7 of the Disclosure Schedule 3.8 sets forth a true, complete and correct list of all material instruments, agreements, indentures, mortgages, guarantees, notes, commitments, accommodations, letters of credit or other arrangements or understandings, whether written or oral, to which the subsidiaries are Company or any Subsidiary is a party (collectively, the "Acquisition Operating Agreements"). An agreement shall not be considered material for the purposes of this Section 3.8(a2.7(a) if it provides for expenditures or receipts of less than US $100,000 10,000 and has been entered into by any subsidiary the Company or a Subsidiary in the ordinary course of business. The Acquisition Operating Agreements constitute all of the contracts, agreements, understandings and arrangements required for the operation of the business of Acquisition the Company and the Subsidiaries or which have a material effect thereon. Copies of all such material written Acquisition Operating Agreements have previously been delivered or otherwise made available to the Company Sellers and such copies are true, complete and correct as of the date hereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (Area Investment & Development Co /Ut/)

Indebtedness; Contracts; No Defaults. (a) Schedule 3.8 sets forth a true, complete and correct list of all material instruments, agreements, indentures, mortgages, guarantees, notes, commitments, accommodations, letters of credit or other arrangements or understandings, whether written or oral, to which the subsidiaries are a party (collectively, the "Acquisition AAG Operating Agreements"). An agreement shall not be considered material for the purposes of this Section 3.8(a) if it provides for expenditures or receipts of less than US $100,000 and has been entered into by any subsidiary in the ordinary course of business. The Acquisition AAG Operating Agreements constitute all of the contracts, agreements, understandings and arrangements required for the operation of the business of Acquisition AAG or which have a material effect thereon. Copies of all such material written Acquisition AAG Operating Agreements have previously been delivered or otherwise made available to the Company and such copies are true, complete and correct as of the date hereof.

Appears in 1 contract

Samples: Share Exchange Agreement (Associated Automotive Group Inc)

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