Common use of Material Contracts and Other Commitments Clause in Contracts

Material Contracts and Other Commitments. (a) Except as set forth in Section 3.10(a) of the Schedule of Exceptions, the Company and, to the Company's knowledge, each other party thereto, have performed all the obligations required to be performed by them to date, have received no notice of default and are not in default, under any lease, agreement or other contract now in effect to which the Company is a party or by which it or its property may be bound which defaults would have singularly or in the aggregate a material adverse effect on the Company. The Company has no present expectation or intention of not fully performing all of its obligations under each such lease, contract or other agreement, and the Company has no knowledge of any breach or anticipated breach by the other party to any such lease, contract or other agreement.

Appears in 3 contracts

Samples: Preferred Stock Purchase Agreement (Casey Rebecca Powell), Preferred Stock Purchase Agreement (Harolds Stores Inc), Preferred Stock Purchase Agreement (Inter Him Nv)

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Material Contracts and Other Commitments. (a) Except as set forth With regard to each lease, agreement or other contract now in Section 3.10(a) of effect to which the Schedule of ExceptionsCompany is a party or by which it or its property may be bound, the Company and, to the Company's knowledge, each other party thereto, have performed all the obligations required to be performed by them to date, have received no notice of default and are not in default, default under any leaseof such leases, agreement contracts or other contract now in effect to agreements, except for defaults which the Company is a party or by which it or its property may be bound which defaults would have not singularly or in the aggregate have a material adverse effect on the Company. The Company has no present expectation or intention of not fully performing all of its obligations under each such lease, contract or other agreement, and the Company has no knowledge of any breach or anticipated breach by the other party to any such lease, contract or other agreement.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Harolds Stores Inc), Preferred Stock Purchase Agreement (Harolds Stores Inc)

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