Common use of No Breach of Material Contracts Clause in Contracts

No Breach of Material Contracts. The Target has performed all of the ------------------------------- obligations required to be performed by it and is entitled to all benefits under, and is not alleged to be in default in respect of any Material Contract. Each of the Material Contracts is in full force and effect, unamended, and there exists no default or event of default or event, occurrence, condition or act, with respect to Target or to Target's knowledge with respect to the other contracting party, which, with the giving of notice, the lapse of the time or the happening of any other event or conditions, would become a default or event of default under any Material Contract. True, correct and complete copies of all Material Contracts have been delivered to the Acquiror.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Kana Communications Inc), Agreement and Plan of Reorganization (Fogdog Inc)

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No Breach of Material Contracts. The Target has and its Subsidiaries have performed all of the ------------------------------- obligations required to be performed by it them and is are entitled to all benefits under, and is are not alleged to be in default in respect of any Material Contract. Each of the Material Contracts is in full force and effect, unamended, and there exists no default or event of default or event, occurrence, condition or act, with respect to Target or its Subsidiaries or, to Target's knowledge knowledge, with respect to the other contracting party, which, with the giving of notice, the lapse of the time or the happening of any other event or conditions, would become a default or event of default under any Material Contract. True, correct and complete copies of all Material Contracts have been delivered to the AcquirorAcquiror and Acquisition Sub.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Softnet Systems Inc)

No Breach of Material Contracts. The All Material Contracts are in written form. Target has performed all of the ------------------------------- obligations required to be performed by it and is entitled to all benefits under, and is not alleged to be in default in respect of any Material Contract. Each of the Material Contracts is in full force and effect, unamended, and there exists no default or event of default or event, occurrence, condition or act, with respect to Target or to Target's knowledge with respect to the other contracting party, which, with the giving of notice, the lapse of the time or the happening of any other event or conditions, would become a default or event of default under any Material Contract. True, correct and complete copies of all Material Contracts have been delivered to the Acquiror.

Appears in 1 contract

Samples: Merger Agreement (Crossroads Systems Inc)

No Breach of Material Contracts. The Target has performed all of the ------------------------------- obligations required to be performed by it and is entitled on or prior to all benefits underthe date hereof, and to its knowledge is not alleged to be in default in respect of any Material Contract. Each of the Material Contracts is in full force and effect, unamended, and there exists no default or event of default or event, occurrence, condition or act, with respect to Target or to Target's knowledge with respect to the other contracting party, which, with the giving of notice, the lapse of the time or the happening of any other event or conditions, would become a default or event of default under any Material Contract. True, correct and complete copies of all Material Contracts have been delivered to the Acquiror.

Appears in 1 contract

Samples: Merger Agreement (Ods Networks Inc)

No Breach of Material Contracts. The Target has performed all of the ------------------------------- obligations required to be performed by it and is entitled to all benefits under, and is not alleged to be in default in respect of any Material Contract. Each of the Material Contracts is in full force and effect, unamended, and there exists no default or event of default or event, occurrence, condition or act, with respect to Target or to Target's knowledge with respect to the other contracting party, act which, with the giving of notice, the lapse of the time or the happening of any other event or conditions, would become a default or event of default under any Material Contract. True, correct and complete copies of all Material Contracts have been delivered to the Acquiror.

Appears in 1 contract

Samples: Acquisition Agreement (Cisco Systems Inc)

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No Breach of Material Contracts. The Target has performed all of the ------------------------------- obligations required to be performed by it and is entitled to all benefits under, and is not alleged to be in default in respect of any Material Contract. Each of the Material Contracts is in full force and effect, unamended, and there exists no default or event of default or event, occurrence, condition or act, with respect to Target or to Target's knowledge with respect to the other contracting party, which, with the giving of notice, the lapse of the time or the happening of any other event or conditions, would become a default or event of default under any Material Contract. True, correct and complete copies of all Material Contracts have been delivered to the Acquiror.

Appears in 1 contract

Samples: Merger Agreement (Cisco Systems Inc)

No Breach of Material Contracts. The Target has performed in all material respects all of the ------------------------------- obligations required to be performed by it and is entitled to all material benefits underunder each, and is not alleged to be in default in any material respect in respect of any any, Material Contract. Each of the Material Contracts is in full force and effect, unamendedeffect and has not been amended, and there exists no default or event of default or event, occurrence, condition or act, with respect to Target or to Target's knowledge with respect to the other contracting party, which, with the giving of notice, the lapse of the time or the happening of any other event or conditions, would become a default or event of default under any Material Contract. True, correct and complete copies of all Material Contracts have been delivered to the Acquiror.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Ravisent Technologies Inc)

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