Common use of No Default or Breach; Contractual Obligations Clause in Contracts

No Default or Breach; Contractual Obligations. Neither the Company nor any Subsidiary has received notice of a default and is not in material default under, or with respect to, any Contractual Obligation filed as an exhibit to or described in the SEC Documents or which is otherwise material to the Condition of the Company, nor does any condition exist that with notice or lapse of time or both would constitute a material default thereunder. All of such Contractual Obligations are valid, subsisting, in full force and effect and binding upon the Company or such Subsidiary and the other parties thereto, and the Company or such Subsidiary has paid in full or accrued all amounts due thereunder and has satisfied in full or provided for all of its liabilities and obligations thereunder. To the Knowledge of the Company, no other party to any such Contractual Obligation is in material default thereunder, nor does any condition exist that with notice or lapse of time or both would constitute a material default by such other party thereunder.

Appears in 4 contracts

Samples: Stock and Warrant Purchase Agreement (Evergreen Solar Inc), Stock and Warrant Purchase Agreement (Shaw Robert W Jr), Stock and Warrant Purchase Agreement (Chleboski Richard G)

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No Default or Breach; Contractual Obligations. Neither All of the Company nor any Subsidiary has received notice of a default and is not in material default under, or with respect to, any Contractual Obligation Obligations filed as an exhibit to exhibits or described in the SEC Documents Reports or which is are otherwise material to the Condition of the CompanyCompany (collectively, nor does any condition exist that with notice or lapse of time or both would constitute a material default thereunder. All of such the "Material Contractual Obligations Obligations") are valid, subsisting, in full force and effect and binding upon the Company or such Subsidiary and its Subsidiaries, as the case may be, and, to the knowledge of the Company, the other parties thereto, and the Company or such Subsidiary and each of its Subsidiaries has paid in full or accrued all amounts due thereunder and has satisfied in full or provided for all of its liabilities and obligations thereunder. To Neither the Knowledge Company nor any of the Companyits Subsidiaries has received notice of a default or is in default under, no or with respect to, any Material Contractual Obligation nor does any condition exist that with notice or lapse of time or both would constitute a default thereunder. No other party to any such Material Contractual Obligation is in material default thereunder, nor does any condition exist that with notice or lapse of time or both would constitute a material default by such other party thereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Proxymed Inc /Ft Lauderdale/)

No Default or Breach; Contractual Obligations. Neither Except as set forth on Schedule 4.8, the Company nor any Subsidiary has not received notice of a default and is not in material default under, or with respect to, any Contractual Obligation filed as an exhibit to or described in the SEC Documents or which is otherwise material to the Condition of the Company, nor does any condition exist that with notice or lapse of time or both would constitute a material default thereunder. All of such Contractual Obligations of the Company are validvalid and legally binding obligations of the parties thereto, enforceable in accordance with their terms, and are subsisting, in full force and effect and binding upon the Company or such Subsidiary and the other parties thereto, and the Company or such Subsidiary has paid in full or accrued all amounts due thereunder and has satisfied in full or provided for all of its liabilities and obligations thereunder. To the Knowledge of the Company, no other party to any such Contractual Obligation is in material violation of or in default thereunder, nor does any condition exist that with notice or lapse of time or both would constitute a material default by such other party thereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Vertex Interactive Inc)

No Default or Breach; Contractual Obligations. All of the Contractual Obligations filed as exhibits or described in the SEC Reports or which are otherwise material to the Condition of the Company (collectively, the "MATERIAL CONTRACTUAL OBLIGATIONS") are valid, subsisting, in full force and effect and binding upon the Company or its Subsidiaries, as the case may be. Neither the Company nor any Subsidiary of its Subsidiaries has received notice of a default and or is not in material default under, or with respect to, any Material Contractual Obligation filed as an exhibit to or described in the SEC Documents or which is otherwise material to the Condition of the Company, nor does any condition exist that with notice or lapse of time or both would constitute a material default thereunder. All of such Contractual Obligations are valid, subsisting, in full force and effect and binding upon the Company or such Subsidiary and the other parties thereto, and the Company or such Subsidiary has paid in full or accrued all amounts due thereunder and has satisfied in full or provided for all of its liabilities and obligations thereunder. To the Knowledge of the Company, no No other party to any such Material Contractual Obligation is in material default thereunder, nor does any condition exist that with notice or lapse of time or both would constitute a material default by such other party thereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Penn Traffic Co)

No Default or Breach; Contractual Obligations. Neither Except as set forth on Schedule 3.8, the Company nor any Subsidiary has not received notice of a default and is not in material default under, or with respect to, any Contractual Obligation filed as an exhibit to or described in the SEC Documents or which is otherwise material to the Condition of the Company, nor does any condition exist that with notice or lapse of time or both would constitute a material default thereunder. All of such Contractual Obligations of the Company are validvalid and legally binding obligations of the parties thereto, enforceable in accordance with their terms, and are subsisting, in full force and effect and binding upon the Company or such Subsidiary and the other parties thereto, and the Company or such Subsidiary has paid in full or accrued all amounts due thereunder and has satisfied in full or provided for all of its liabilities and obligations thereunder. To the Knowledge of the Company, no other party to any such Contractual Obligation is in material violation of or in default thereunder, nor does any condition exist that with notice or lapse of time or both would constitute a material default by such other party thereunder.

Appears in 1 contract

Samples: Registration Rights Agreement (Vertex Interactive Inc)

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No Default or Breach; Contractual Obligations. Neither the The Company nor any Subsidiary has not received notice of a default and is not in material default under, or with respect to, any Contractual Obligation filed as an exhibit Obligation. Schedule 3.8 lists all of the Contractual Obligations to which the Company is a party, whether written or described in the SEC Documents or which is otherwise oral (except for oral Contractual Obligations that are not material to the Condition of the Company, nor does any condition exist that with notice or lapse of time or both would constitute a material default thereunder). All of such Contractual Obligations are valid, subsisting, in full force and effect and binding upon the Company or such Subsidiary and and, to the Knowledge of the Company, the other parties thereto, and the Company or such Subsidiary has paid in full or accrued all amounts due thereunder and has satisfied in full or provided for all of its liabilities and obligations thereunderthereunder in all material respects. To the Knowledge of the Company, no other party to any such Contractual Obligation is in material default thereunder, nor nor, to the Knowledge of the Company, does any condition exist that with notice or lapse of time or both would constitute a material default by such other party thereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Nfo Worldwide Inc)

No Default or Breach; Contractual Obligations. Neither Except as set forth on Schedule 4.8, the Company nor any Subsidiary has not received notice of a default and is not in material default under, or with respect to, any Contractual Obligation filed as an exhibit to or described in the SEC Documents or which is otherwise material to the Condition of the Company, nor does any condition exist that with notice or lapse of time or both would constitute a material default thereunder. All of such Contractual Obligations of the Company are validvalid and legally binding obligations of the parties thereto, enforceable in accordance with their terms, and are subsisting, in full force and effect and binding upon the Company or such Subsidiary and the other parties thereto, and the Company or such Subsidiary has paid in full or accrued all amounts due thereunder and has satisfied in full or provided for all of its liabilities and obligations thereunder. To the Knowledge knowledge of the Company, no other party to any such Contractual Obligation is in material violation of or in default thereunder, nor does any condition exist that with notice or lapse of time or both would constitute a material default by such other party thereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Vertex Interactive Inc)

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