Common use of Leased Personal Property Clause in Contracts

Leased Personal Property. Schedule 3.10(d) lists, as of the Signing Date, all leases of personal property (collectively, the "Personal Property Leases") to which the Company is a party. As of the Signing Date, all of the Personal Property Leases are valid, binding and in full force and effect. Neither the Company nor, to the Sellers' Knowledge, any other Person is in default under any of the Personal Property Leases, nor is there any event or circumstance which with notice or lapse of time, or both, would constitute a default thereunder by the Company or any other Person.

Appears in 1 contract

Samples: Paac Purchase Agreement (Hallmark Financial Services Inc)

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Leased Personal Property. Schedule 3.10(d) lists, as of the Signing Date, all leases of personal property (collectively, the "Personal Property Leases") to which any of the Company Companies is a party. As of the Signing Date, all of the Personal Property Leases are valid, binding and in full force and effect. Neither the any Company nor, to the Sellers' Knowledge, any other Person is in default under any of the Personal Property Leases, nor is there any event or circumstance which with notice or lapse of time, or both, would constitute a default thereunder by the any Company or any other Person.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hallmark Financial Services Inc)

Leased Personal Property. Schedule 3.10(d) lists, as of the Signing Date, all leases of personal property (collectively, the "Personal Property Leases") to which any of the Company Companies is a party. As of the Signing Date, all of the Personal Property Leases are valid, binding and in full force and effect. Neither the any Company nor, to the Sellers' Knowledge, any other Person is in default under any of the Personal Property Leases, nor is there any event or circumstance which with notice or lapse of time, or both, would constitute a default thereunder by the any Company or any other Person.

Appears in 1 contract

Samples: Purchase Agreement (Hallmark Financial Services Inc)

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Leased Personal Property. Schedule 3.10(d) lists, as of the Signing Date, all leases of personal property (collectively, the "Personal Property Leases") to which the Company is a party. As of the Signing Date, all of the Personal Property Leases are valid, binding and in full force and effect. Neither the Company nor, to the Sellers' Seller's Knowledge, any other Person is in default under any of the Personal Property Leases, nor is there any event or circumstance which with notice or lapse of time, or both, would constitute a default thereunder by the Company or any other Person.

Appears in 1 contract

Samples: Purchase Agreement (Hallmark Financial Services Inc)

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