Common use of No Breach of Material Contracts Clause in Contracts

No Breach of Material Contracts. Except as set forth on the Disclosure Schedules, neither the Company nor any other member of the Company Group is a party to any Material Contract. Except as set forth in the Disclosure Schedules, the Company 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 of, any Material Contract, in each case as would not have a Material Adverse Effect. Except as disclosed on the Disclosure Schedules, 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 (including the purchase of the Purchased Shares) which, with the giving of notice, the lapse of time or the happening of any other event or condition, would become a default or event of default under any Material Contract, in each case as would not have a Material Adverse Effect. “Material Contracts” means:

Appears in 2 contracts

Samples: Strategic Investment Agreement (Proelite, Inc.), Strategic Investment Agreement (Stratus Media Group, Inc)

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No Breach of Material Contracts. Except as set forth on the Disclosure Scheduleswould not have a Company Material Adverse Effect, neither the Company nor any other member of the Company Group is a party to any Material Contract. Except as set forth in the Disclosure Schedules, the (i) Company has performed all of the material obligations required to be performed by it and is entitled to all benefits under, and is not alleged to be in material breach or default ofin respect of any contract or agreements (A) listed in Section 2.18 of the Company Disclosure Schedule or (B) filed as exhibits to the Company SEC Documents (collectively the “Material Contracts”), any Material Contract, in each case as would not have a Material Adverse Effect. Except as disclosed on the Disclosure Schedules, and (ii) 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 (including act, with respect to Company or, to Company’s Knowledge, with respect to the purchase of the Purchased Shares) other contracting party, which, with the giving of notice, the lapse of the time or the happening of any other event or conditionconditions, would become a default or event of default under any Material Contract, in each case as would not have a Material Adverse Effect. “Material Contracts” means:.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Nptest Holding Corp), Agreement and Plan of Reorganization (Credence Systems Corp)

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