No Default or Breach; Contractual Obligations. The Buyer has not received notice of a default and the Buyer is not in default under, or with respect to, any material Contractual Obligation which default would adversely affect the Buyer's ability to meet its obligations hereunder or consummation of the Contemplated Transaction, nor does any condition exist that with notice or lapse of time or both would constitute a default thereunder.
Appears in 4 contracts
Samples: Asset Purchase Agreement (Jag Media Holdings Inc), Asset Purchase Agreement (Vertex Interactive Inc), Asset Purchase Agreement (Jag Media Holdings Inc)
