No Default or Breach; Contractual Obligations. The Company has not received notice of, and is not in default under, or with respect to, any Contractual Obligation in any respect, which, individually or together with all such defaults, would have a Material Adverse Effect. All Contractual Obligations of the Company are valid, in full force and effect and binding upon the Company, and to the Knowledge of the Company, the other parties thereto except in each case, individually or in the aggregate, as would not have a Material Adverse Effect. To the Knowledge of the Company, no other party to any such Contractual Obligation is in default thereunder, nor does any condition exist that with notice or lapse of time or both would constitute a default thereunder, except in each case, individually or in the aggregate, as would not have a Material Adverse Effect.
Appears in 4 contracts
Samples: Convertible Promissory Note Purchase Agreement, Series B Convertible Preferred Stock Purchase Agreement (Transgenomic Inc), Convertible Promissory Note Purchase Agreement (Transgenomic Inc)
