Common use of No Default or Breach Clause in Contracts

No Default or Breach. Neither the Company nor any of its Subsidiaries shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would be materially adverse to the Condition of the Company or which could materially adversely affect the ability of the Company to perform its obligations under this Agreement, the Preferred Shares or the Registration Rights Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al), Stock Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al)

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No Default or Breach. Neither the Company nor any of its Subsidiaries shall have been is in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would be materially have a material adverse to effect on the Condition of the Company or which could materially adversely affect on the ability of the Company to perform its obligations under this Agreement, the Preferred Shares Agreement or the Registration Rights AgreementTransaction Documents.

Appears in 2 contracts

Samples: Exchange and Purchase Agreement (Trinsic, Inc.), Exchange and Purchase Agreement (1818 Fund Iii Lp)

No Default or Breach. Neither the Company nor any of its -------------------- Subsidiaries shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would be materially adverse to the Condition of the Company or which could materially adversely affect the ability of the Company to perform its obligations under this Agreement, the Preferred Shares or Shares, the Registration Rights Agreement, the Warrants or the Shareholders Agreement.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Unwired Telecom Corp), Unwired Telecom Corp

No Default or Breach. Neither the Company nor any of its Subsidiaries shall have been be in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would be materially adverse to the Condition of the Company or which could materially adversely affect the ability of the Company to perform its obligations under this Agreement, the Preferred Shares or Shares, the Registration Rights Agreement or the Stockholders Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (1818 Fund Iii Lp), Stock Purchase Agreement (Genesee & Wyoming Inc)

No Default or Breach. Neither the Company nor any of its Subsidiaries shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would be materially adverse to the Condition of the Company or which could materially adversely affect the ability of the Company to perform its obligations under this Agreement, Investment Agreement or any of the Preferred Shares or the Registration Rights AgreementTransaction Documents.

Appears in 1 contract

Samples: Stock and Warrant Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al)

No Default or Breach. Neither the Company nor any of its -------------------- Subsidiaries shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would be materially adverse to the Condition of the Company or which could materially adversely affect the ability of the Company to perform its obligations under this Agreement, the Preferred Shares or the Registration Rights Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (National Equipment Services Inc)

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No Default or Breach. Neither the Company nor any of its Subsidiaries shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would be materially adverse to the Condition assets, business, properties or financial or other condition of the Company and its Subsidiaries, taken as a whole or which could materially adversely affect the ability of the Company to perform its obligations under this Agreement, the Preferred Shares Agreement or the Registration Rights Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Commercial Electronics LLC)

No Default or Breach. Neither the Company nor any of its -------------------- Subsidiaries shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would be materially adverse to the Condition assets, business, properties or financial or other condition of the Company and its Subsidiaries, taken as a whole or which could materially adversely affect the ability of the Company to perform its obligations under this Agreement, the Preferred Shares Agreement or the Registration Rights Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Wiltek Inc)

No Default or Breach. Neither the Company nor any of its Subsidiaries shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would be materially adverse to the Condition of the Company or which could materially adversely affect the ability of the Company to perform its obligations under this Agreement, the Preferred Shares Shares, the Warrants or the Registration Rights Agreement.

Appears in 1 contract

Samples: Stock and Warrant Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al)

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