Common use of No Default or Breach Clause in Contracts

No Default or Breach. Neither the Company nor any of its Subsidiaries is in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Multi Link Telecommunications Inc), Senior Subordinated Note and Warrant Purchase Agreement (Saleslogix Corp)

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No Default or Breach. Neither the Company nor any of its Subsidiaries has received notice of, and is not in default under under, or with respect to to, any Contractual Obligation in any respect, which, which individually or together with all such defaults, could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on (i) the Condition of the Company or (ii) the ability of the Company to perform its obligations under this Agreement or the other Transaction Documents.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Eclipsys Corp)

No Default or Breach. Neither the Company nor any of its Subsidiaries is shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, could reasonably be expected to have a Material Adverse Effect.would

Appears in 1 contract

Samples: Stock and Warrant Purchase Agreement (Z Tel Technologies Inc)

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No Default or Breach. Neither To the knowledge of the Company, neither the Company nor any of its Subsidiaries Subsidiary is in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, could would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ruths Chris Steak House, Inc.)

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