Common use of Material Agreements; Action Clause in Contracts

Material Agreements; Action. Except for the debt of ----------------------------- approximately $33,000 owed to Xxxxxx Xxxxxx, there are no material contracts, agreements, commitments, understandings or proposed transactions, whether written or oral, to which Xxxxxx or any of its Subsidiaries is a party or by which it is bound that involve or relate to: (i) any of their respective officers, directors, stockholders or partners or any Affiliate thereof; (ii) the sale of any of the assets of Xxxxxx or any of its Subsidiaries other than in the ordinary course of business; (iii) covenants of Xxxxxx or any of its Subsidiaries not to compete in any line of business or with any person in any geographical area or covenants of any other person not to compete with Xxxxxx or any of its Subsidiaries in any line of business or in any geographical area; (iv) the acquisition by Xxxxx or any of its Subsidiaries of any operating business or the capital stock of any other Person; (v) the borrowing of money or (vi) the expenditure of more than $25,000 in the aggregate or the performance by Xxxxxx or any Subsidiary extending for a period more than one year from the date hereof, other than in the ordinary course of business. There have been made available to Xxxxx and its representatives true and complete copies of all such agreements. All such agreements are in full force and effect. Neither Xxxxxx nor any of its Subsidiaries is in default under any such agreements nor is any other party to any such agreements in default thereunder in any respect.

Material Agreements; Action. Except for the debt of ----------------------------- approximately $33,000 owed to Xxxxxx Xxxxxxas set forth on Schedule 4.11, there are no material contracts, agreements, commitments, understandings or proposed transactions, whether written or oral, to which Xxxxxx the Company or any of its Subsidiaries is a party or by which it is any of them or their respective properties or assets are bound that involve or relate to: : (i) any of their respective officers, directors, stockholders (or other equity interest holder) or partners or any Affiliate thereof; (ii) the sale of any of the assets of Xxxxxx the Company or any of its Subsidiaries other than in the ordinary course of business; (iii) covenants of Xxxxxx the Company or any of its Subsidiaries not to compete in any line of business or with any person Person in any geographical area or covenants of any other person Person not to compete with Xxxxxx the Company or any of its Subsidiaries in any line of business or in any geographical area; (iv) the acquisition by Xxxxx the Company or any of its Subsidiaries of any operating business or the capital stock of any other Person; (v) the borrowing of money or money; (vi) the expenditure of more than $25,000 50,000 in the aggregate or the performance by Xxxxxx the Company or any Subsidiary extending for a period more than one year from the date hereof, other than in the ordinary course of business, or (vii) the license of any Intellectual Property or other material proprietary right to or from the Company or any of its Subsidiaries. There have been made available to Xxxxx the Purchaser and its representatives true and complete copies of all such agreements. All such agreements are in full force and effecteffect and are the legal, valid and binding obligation of the Company or its Subsidiaries. Neither Xxxxxx nor None of the Company or any of its Subsidiaries is in default under any such agreements nor nor, to the Knowledge of the Company, is any other party to any such agreements in default thereunder in any respect.

Material Agreements; Action. Except for the debt of ----------------------------- approximately $33,000 owed to Xxxxxx Xxxxxxas set forth in SEC --------------------------- Filing or on Schedule 4.12, there are no material contracts, agreements, commitments, understandings or proposed transactions, whether written or oral, to which Xxxxxx Taurus or any of its Subsidiaries is a party or by which it is bound that involve or relate to: (i) any of their respective officers, directors, stockholders or partners or any Affiliate thereof; (ii) the sale of any of the assets of Xxxxxx Taurus or any of its Subsidiaries other than in the ordinary course of business; (iii) covenants of Xxxxxx Taurus or any of its Subsidiaries not to compete in any line of business or with any person in any geographical area or covenants of any other person not to compete with Xxxxxx Taurus or any of its Subsidiaries in any line of business or in any geographical area; (iv) the acquisition by Xxxxx Taurus or any of its Subsidiaries of any operating business or the capital stock of any other Person; (v) the borrowing of money or (vi) the expenditure of more than $25,000 50,000 in the aggregate or the performance by Xxxxxx Taurus or any Subsidiary extending for a period more than one year from the date hereof, other than in the ordinary course of business. There have been made available to Xxxxx Rick's and its representatives true and complete copies of all such agreements. All such agreements are in full force and effect. Neither Xxxxxx the Company nor any of its Subsidiaries is in default under any such agreements nor is any other party to any such agreements in default thereunder in any respect.

Material Agreements; Action. Except for the debt of ----------------------------- approximately $33,000 owed to Xxxxxx Xxxxxx, there There are no material ----------------------------- contracts, agreements, commitments, understandings or proposed transactions, whether written or oral, to which Xxxxxx SCS or any of its Subsidiaries is a party or by which it is bound that involve or relate to: (i) any of their respective officers, directors, stockholders or partners or any Affiliate thereof; (ii) the sale of any of the assets of Xxxxxx SCS or any of its Subsidiaries other than in the ordinary course of business; (iii) covenants of Xxxxxx SCS or any of its Subsidiaries not to compete in any line of business or with any person in any geographical area or covenants of any other person not to compete with Xxxxxx SCS or any of its Subsidiaries in any line of business or in any geographical area; (iv) the acquisition by Xxxxx SCS or any of its Subsidiaries of any operating business or the capital stock of any other Person; (v) the borrowing of money or (vi) the expenditure of more than $25,000 10,000 in the aggregate or the performance by Xxxxxx SCS or any Subsidiary extending for a period more than one year from the date hereof, other than in the ordinary course of business. There have been made available to Xxxxx HYPD and its representatives true and complete copies of all such agreements. All such agreements are in full force and effect. Neither Xxxxxx the Company nor any of its Subsidiaries is in default under any such agreements nor is any other party to any such agreements in default thereunder in any respect.

Material Agreements; Action. Except for the debt of ----------------------------- approximately $33,000 owed to Xxxxxx XxxxxxYolana Berens, there are no material contractsmateriax xxxxxxxxx, agreements, commitments, understandings or proposed transactions, whether written or oral, to which Xxxxxx Berens or any of its Subsidiaries is a party ix x xxrty or by which it is bound that involve or relate to: (i) any of their respective officers, directors, stockholders or partners or any Affiliate thereof; (ii) the sale of any of the assets of Xxxxxx Berens or any of its Subsidiaries other than oxxxx xhan in the ordinary course of business; (iii) covenants of Xxxxxx Berens or any of its Subsidiaries not Subsidiarixx xxt to compete in any line of business or with any person in any geographical area or covenants of any other person not to compete with Xxxxxx Berens or any of its Subsidiaries in Subsidiariex xx any line of business or in any geographical area; (iv) the acquisition by Xxxxx Solis or any of its Subsidiaries of any xx xny operating business or the capital stock of any other Person; (v) the borrowing of money or (vi) the expenditure of more than $25,000 in the aggregate or the performance by Xxxxxx Berens or any Subsidiary extending for a xxx x period more than one year from the date hereof, other than in the ordinary course of business. There have been made available to Xxxxx Solis and its representatives true and complete xxx xomplete copies of all such agreements. All such agreements are in full force and effect. Neither Xxxxxx Berens nor any of its Subsidiaries is in Subsidiariex xx xn default under any such agreements nor is any other party to any such agreements in default thereunder in any respect.

Material Agreements; Action. Except for the debt of ----------------------------- approximately $33,000 owed to Xxxxxx Xxxxxx, there There are no material ----------------------------- contracts, agreements, commitments, understandings or proposed transactions, whether written or oral, to which Xxxxxx HYD Resources or any of its Subsidiaries is a party or by which it is bound that involve or relate to: (i) any of their respective officers, directors, stockholders or partners or any Affiliate thereof; (ii) the sale of any of the assets of Xxxxxx HYD Resources or any of its Subsidiaries other than in the ordinary course of business; (iii) covenants of Xxxxxx HYD Resources or any of its Subsidiaries not to compete in any line of business or with any person in any geographical area or covenants of any other person not to compete with Xxxxxx HYD Resources or any of its Subsidiaries in any line of business or in any geographical area; (iv) the acquisition by Xxxxx HYD Resources or any of its Subsidiaries of any operating business or the capital stock of any other Person; (v) the borrowing of money or (vi) the expenditure of more than $25,000 10,000 in the aggregate or the performance by Xxxxxx HYD Resources or any Subsidiary extending for a period more than one year from the date hereof, other than in the ordinary course of business. There have been made available to Xxxxx HYPD and its representatives true and complete copies of all such agreements. All such agreements are in full force and effect. Neither Xxxxxx the Company nor any of its Subsidiaries is in default under any such agreements nor is any other party to any such agreements in default thereunder in any respect.

Material Agreements; Action. Except for the debt of ----------------------------- approximately $33,000 owed to Xxxxxx Xxxxxxas set forth in Schedule ---------------------------- 3.20, there are no material contracts, agreements, commitments, understandings or proposed transactions, whether written or oral, to which Xxxxxx ANET or any of its Subsidiaries is a party or by which it is bound that involve or relate to: (i) any of their respective officers, directors, stockholders or partners or any Affiliate thereof; (ii) the sale of any of the assets of Xxxxxx ANET or any of its Subsidiaries other than in the ordinary course of business; (iii) covenants of Xxxxxx ANET or any of its Subsidiaries not to compete in any line of business or with any person in any geographical area or covenants of any other person not to compete with Xxxxxx ANET or any of its Subsidiaries in any line of business or in any geographical area; (iv) the acquisition ecquisition by Xxxxx ANET or any of its Subsidiaries of Stock Exchange Agreement - 7 any operating business or the capital stock of any other Person; (v) the borrowing of money or (vi) the expenditure of more than $25,000 50,000 in the aggregate or the performance by Xxxxxx ANET or any Subsidiary extending for a period more than one year from the date hereof, other than in the ordinary course of business. There have been made available to Xxxxx FCAI and its representatives true and complete copies of all such agreementsagreement. All such agreements are in full force and effect. Neither Xxxxxx the Company nor any of its Subsidiaries is in default under any such agreements nor is any other party to any such agreements in default thereunder in any respect.

Material Agreements; Action. Except for the debt of ----------------------------- approximately $33,000 owed to Xxxxxx Xxxxxxas set forth in Schedule --------------------------- 3.20, there are no material contracts, agreements, commitments, understandings or proposed transactions, whether written or oral, to which Xxxxxx ANDEVIS or any of its Subsidiaries is a party or by which it is bound that involve or relate to: (i) any of their respective officers, directors, stockholders or partners or any Affiliate thereof; (ii) the sale of any of the assets of Xxxxxx ANDEVIS or any of its Subsidiaries other than in the ordinary course of business; (iii) covenants of Xxxxxx ANDEVIS or any of its Subsidiaries not to compete in any line of business or with any person in any geographical area or covenants of any other person not to compete with Xxxxxx ANDEVIS or any of its Subsidiaries in any line of business or in any geographical area; (iv) the acquisition by Xxxxx ANDEVIS or any of its Subsidiaries of any operating business or the capital stock of any other Person; (v) the borrowing of money or (vi) the expenditure of more than $25,000 10,000 in the aggregate or the performance by Xxxxxx ANDEVIS or any Subsidiary extending for a period more than one year from the date hereof, other than in the ordinary course of business. There have been made available to Xxxxx FCAI and its representatives true and complete copies of all such agreements. All such agreements are in full force and effect. Neither Xxxxxx the Company nor any of its Subsidiaries is in default under any such agreements nor is any other party to any such agreements in default thereunder in any respect.