Material Contract Defaults. The Company is not, or has not received any notice or has any Knowledge that any other party is, in Material Contract Default under any Company Material Contract; and there has not occurred any event that with the lapse of time or the giving of notice or both would constitute such a Material Contract Default. For purposes of this Agreement, a “Company Material Contract” means any Contract that is effective as of the Closing Date to which the Company is a party (a) with expected receipts or expenditures in excess of $25,000, (b) requiring the Company to indemnify any person, (c) granting exclusive rights to any party, or (d) evidencing indebtedness for borrowed or loaned money in excess of $25,000, including guarantees of such indebtedness.
Appears in 5 contracts
Samples: Agreement and Plan of Merger (Synergy CHC Corp.), Agreement and Plan of Merger (Synergy CHC Corp.), Agreement and Plan of Merger (RMR Industrials, Inc.)
Material Contract Defaults. The Company is not, or has not received any notice or has any Knowledge that any other party is, in Material Contract Default under any Company Material Contract; and there has not occurred any event that with the lapse of time or the giving of notice or both would constitute such a Material Contract Default. For purposes of this Agreement, a “Company Material Contract” means any Contract that is effective as of the Closing Date to which the Company is a party (ai) with expected receipts or expenditures in excess of $25,000, (bii) requiring the Company to indemnify any person, (ciii) granting exclusive rights to any party, or (div) evidencing indebtedness for borrowed or loaned money in excess of $25,000, including guarantees of such indebtedness.
Appears in 5 contracts
Samples: Share Exchange Agreement (3dicon Corp), Share Exchange Agreement (Cardigant Medical Inc.), Service Agreement (Cardigant Medical Inc.)
Material Contract Defaults. The Company is not, or has not received any notice or has any Knowledge knowledge that any other party is, in Material Contract Default under any Company Material Contract; and there has not occurred any event that with the lapse of time or the giving of notice or both would constitute such a Material Contract Default. For purposes of this Agreement, a “Company Material Contract” means any Contract that is effective as of the Closing Date to which the Company is a party (ai) with expected receipts or expenditures in excess of $25,000, (bii) requiring the Company to indemnify any person, (ciii) granting exclusive rights to any party, or (div) evidencing indebtedness for borrowed or loaned money in excess of $25,000, including guarantees of such indebtedness.
Appears in 2 contracts
Samples: Share Exchange Agreement (NowNews Digital Media Technology Co. Ltd.), Share Exchange Agreement (NowNews Digital Media Technology Co. Ltd.)
Material Contract Defaults. The Company is not, or has not received any notice or has any Knowledge that any other party is, in Material Contract Default under any Company Material Contract; and there has not occurred any event that with the lapse of time or the giving of notice or both would constitute such a Material Contract Default. For purposes of this Agreement, a “"Company Material Contract” " means any Contract that is effective as of the Closing Date to which the Company is a party (ai) with expected receipts or expenditures in excess of $25,00010,000, (bii) requiring the Company to indemnify any person, (ciii) granting exclusive rights to any party, or (div) evidencing indebtedness for borrowed or loaned money in excess of $25,00010,000, including guarantees of such indebtedness.
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Material Contract Defaults. The Company is not, or has not received any notice or has any Knowledge that any other party is, in Material Contract Default under any Company Material Contract; and there has not occurred any event that with the lapse of time or the giving of notice or both would constitute such a Material Contract Default. For purposes of this Agreement, a “Company Material Contract” means any Contract that is effective as of the Closing Date to which the Company is a party (ai) with expected receipts or expenditures in excess of $25,00050,000, (bii) requiring the Company to indemnify any person, (ciii) granting exclusive rights to any party, or (div) evidencing indebtedness for borrowed or loaned money in excess of $25,00050,000, including guarantees of such indebtedness.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Abtech Holdings, Inc.)
Material Contract Defaults. The Company is not, or has not received any notice or has any Knowledge that any other party is, in Material Contract Default under any Company Material Contract; and there has not occurred any event that with the lapse of time or the giving of notice or both would constitute such a Material Contract Default. For purposes of this Agreement, a “Company Material Contract” means any Contract that is effective as of the Closing Date to which the Company is a party (ai) with expected receipts or expenditures in excess of $25,00010,000, (bii) requiring the Company to indemnify any person, (ciii) granting exclusive rights to any party, or (div) evidencing indebtedness for borrowed or loaned money in excess of $25,00010,000, including guarantees of such indebtedness.
Appears in 1 contract
Samples: Share Exchange Agreement (Optimus Healthcare Services, Inc.)
Material Contract Defaults. The Company is not, or has not received any notice or has any Knowledge that any other party is, in Material Contract Default under any Company Material Contract; and there has not occurred any event that with the lapse of time or the giving of notice or both would constitute such a Material Contract Default. For purposes of this Agreement, a “Company Material Contract” means any Contract that is effective as of the Closing Date to which the Company is a party (ai) with expected receipts or expenditures in excess of $25,000125,000, (bii) requiring the Company to indemnify any person, (ciii) granting exclusive rights to any party, or (div) evidencing indebtedness for borrowed or loaned money in excess of $25,000125,000, including guarantees of such indebtedness.
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