No Default or Breach; Contractual Obligations. Except as disclosed in SEC Reports filed on or before the date hereof or in Section 3.10 of the Disclosure Letter, the Company and its Subsidiaries do not have any Contractual Obligation (whether written or oral) that is material to the Condition of the Company. All of the Contractual Obligations to which the Company or one of its Subsidiaries is a party (whether written or oral) that are material to the Condition of the Company, are valid, subsisting, in full force and effect and binding upon the Company or its Subsidiary, as the case may be, and the other parties thereto. Except as set forth in Section 3.10 of the Disclosure Letter, the Company has not received notice of default and is not in default under, or with respect to, any such Contractual Obligation nor does any condition exist that with notice or lapse of time or both would constitute a default by the Company or its Subsidiaries thereunder. To the knowledge of the Company, no other party to any such Contractual Obligation is in default thereunder.
Appears in 5 contracts
Samples: Stock Purchase Agreement (Williams Communications Group Inc), Stock Purchase Agreement (Williams Communications Group Inc), Stock Purchase Agreement (Ibeam Broadcasting Corp)
