Common use of Material Contract Breaches; Defaults Clause in Contracts

Material Contract Breaches; Defaults. To the best of the Buyer's knowledge and belief, except as disclosed in the Buyer Financials, it has not materially breached, nor has it any knowledge of any pending or threatened claims or any legal basis for a claim that it has materially breached, any of the terms or conditions of any agreements, contracts, or commitments to which it is a party or is bound and which might give rise to a claim by anyone against the Buyer Shares. To the best of its knowledge and belief, the Buyer is not in default in any material respect under the terms of any outstanding contract, agreement, lease, or other commitment which might give rise to a claim against the Buyer Shares, and there is no event of default or other event which, with notice or lapse of time or both, would constitute a default in any material respect under any such contract, agreement, lease, or other commitment which might give rise to a claim against the Buyer Shares in respect of which the Buyer has not taken adequate steps to prevent such a default from occurring.

Material Contract Breaches; Defaults. To the best of the BuyerPurchaser's knowledge and belief, except as disclosed in the Buyer Purchaser Financials, it has not materially breached, nor has it any knowledge of any pending or threatened claims or any legal basis for a claim that it has materially breached, any of the terms or conditions of any agreements, contracts, or commitments to which it is a party or is bound and which might give rise to a claim by anyone against the Buyer SharesPurchaser. To the best of its knowledge and belief, the Buyer Purchaser is not in default in any material respect under the terms of any outstanding contract, agreement, lease, or other commitment which might give rise to a claim against the Buyer SharesPurchaser, and there is no event of default or other event which, with notice or lapse of time or both, would constitute a default in any material respect under any such contract, agreement, lease, or other commitment which might give rise to a claim against the Buyer Shares Purchaser in respect of which the Buyer Purchaser has not taken adequate steps to prevent such a default from occurring.

Material Contract Breaches; Defaults. To the best of the BuyerCompany's knowledge and belief, except as disclosed in the Buyer Company Financials, it has not materially breached, nor has it any knowledge of any pending or threatened claims or any legal basis for a claim that it has materially breached, any of the terms or conditions of any agreements, contracts, or commitments to which it is a party or is bound and which might give rise to a claim by anyone against the Buyer Company Shares. To the best of its knowledge and belief, the Buyer Company is not in default in any material respect under the terms of any outstanding contract, agreement, lease, or other commitment which might give rise to a claim against the Buyer Company Shares, and there is no event of default or other event which, with notice or lapse of time or both, would constitute a default in any material respect under any such contract, agreement, lease, or other commitment which might give rise to a claim against the Buyer Company Shares in respect of which the Buyer Company has not taken adequate steps to prevent such a default from occurring.