Common use of Material Contract Breaches Clause in Contracts

Material Contract Breaches. Defaults. To the best of Hartcourt's Knowledge and belief, 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 Note or the 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 rise to a claim against the Note or the Shares in respect of which Hartcourt has not taken adequate steps to prevent such a default from occurring.

Material Contract Breaches. Defaults. To the best of Hartcourt's Knowledge and belief, 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 Note or the 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 rise to a claim against the Note or the Shares in respect of which Hartcourt has not taken adequate steps to prevent such a default from occurringoccurring .

Material Contract Breaches. Defaults. To the best of Hartcourt's Knowledge and beliefrelief, 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 Note or the 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 rise to a claim against the Note or the Shares in respect of which Hartcourt Xxxxxxxxx has not taken adequate steps to prevent such a default from occurring.

Material Contract Breaches. Defaults. To the best of Hartcourt's Knowledge and beliefrelief, 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 Note or the 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 rise to a claim against the Note or the Shares in respect of which Hartcourt has not taken adequate steps to prevent such a default from occurring.