Common use of Material Contracts and Commitments Clause in Contracts

Material Contracts and Commitments. The COMPANY has listed on Schedule 5.16 all material contracts, commitments and similar agreements to which the COMPANY currently is a party or by which it or any of its properties are bound (including, but not limited to, contracts with significant customers, joint venture or partnership agreements, contracts with any labor organizations, strategic alliances and options to purchase land), other than contracts, commitments and agreements otherwise listed on Schedules 5.10, 5.14 or 5.17, (a) in existence as of the Balance Sheet Date and (b) entered into since the Balance Sheet Date, and in each case has delivered true, complete and correct copies of such agreements to VPI. The COMPANY has complied with all material commitments and obligations pertaining to it, and is not in default under any contracts or agreements listed on Schedule 5.16 and no notice of default under any such contract or agreement has been received. The COMPANY has also indicated on Schedule 5.16 a summary description of all pending plans or projects involving the opening of new operations, expansion of existing operations, and the acquisition of any personal property, business or assets requiring, in any event, the payment of more than $25,000 by the COMPANY.

Material Contracts and Commitments. The Each COMPANY has listed on Schedule 5.16 all material contracts, commitments and similar agreements to which the such COMPANY currently is a party or by which it or any of its properties are bound (including, but not limited to, contracts with significant customers, joint venture or partnership agreements, contracts with any labor organizations, strategic alliances and options to purchase land), other than contracts, commitments and agreements otherwise listed on Schedules 5.10, 5.14 or 5.17, (a) in existence as of the Balance Sheet Date and (b) entered into since the Balance Sheet Date, and in each case has delivered true, complete and correct copies of such agreements to VPI. The Each COMPANY has complied with all material commitments and obligations pertaining to it, and is not in default under any contracts or agreements listed on Schedule 5.16 and no notice of default under any such contract or agreement has been received. The Each COMPANY has also indicated on Schedule 5.16 a summary description of all pending plans or projects involving the opening of new operations, expansion of existing operations, and the acquisition of any personal property, business or assets requiring, in any event, the payment of more than $25,000 by the such COMPANY.

Material Contracts and Commitments. The COMPANY has listed on Schedule 5.16 all material contracts, commitments and similar agreements to which the COMPANY currently is a party or by which it or any of its properties are bound (including, but not limited to, contracts with significant customers, joint venture or partnership agreements, contracts with any labor organizations, strategic alliances and options to purchase land), other than contracts, commitments and agreements otherwise listed on Schedules 5.10, 5.14 or 5.17, (a) in existence as of the Balance Sheet Date and (b) entered into since the Balance Sheet Date, and in each case has delivered true, complete and correct copies (or, in the case of oral agreements, summaries of the material terms) of such agreements to VPI. The COMPANY has complied with all material commitments and obligations pertaining to it, and is not in default under any contracts or agreements listed on Schedule 5.16 and no notice of default under any such contract or agreement has been received. The COMPANY has also indicated on Schedule 5.16 a summary description of all pending plans or projects involving the opening of new operations, expansion of existing operations, and the acquisition of any personal property, business or assets requiring, in any event, the payment of more than $25,000 by the COMPANY.