Common use of No Breach of Material Agreements Clause in Contracts

No Breach of Material Agreements. Valdy has performed all of the material obligations required to be performed by it, and is entitled to all benefits under, and is not in default in respect of, any Valdy Material Agreement to which it is a party. Each of the Valdy Material Agreements is enforceable, is in full force and effect, unamended, and there exists no breach thereof or default or event of default or event, occurrence, condition or act with respect to Valdy or, to Valdy’s knowledge, with respect to the other contracting party or otherwise that, with or without the giving of notice, the lapse of time or the happening of any other event or conditions, would: (a) become a default or event of default under any Valdy Material Agreement, or (b) result in the loss or expiration of any right or option by Valdy (or the gain thereof by any third party) under any Valdy Material Agreement.

No Breach of Material Agreements. Valdy has performed all of the material obligations required to be performed by it, and is entitled to all benefits under, and is not in default in respect of, any Valdy Material Agreement to which it is a party. Each of the Valdy Material Agreements is enforceable, is in full force and effect, unamended, and there exists no breach thereof or default or event of default or event, occurrence, condition or act with respect to Valdy or, to ValdyXxxxx’s knowledge, with respect to the other contracting party or otherwise that, with or without the giving of notice, the lapse of time or the happening of any other event or conditions, would: (a) become a default or event of default under any Valdy Material Agreement, or (b) result in the loss or expiration of any right or option by Valdy Xxxxx (or the gain thereof by any third party) under any Valdy Material Agreement.