Common use of No Default or Breach Clause in Contracts

No Default or Breach. No event has occurred and is continuing or would result from the incurring of Obligations by the Loan Parties under the Note Documents which constitutes or, with the giving of notice or lapse of time or both, would constitute an Event of Default. No Loan Party is in default under or with respect to any material Contractual Obligation.

Appears in 5 contracts

Samples: Note Purchase Agreement (Digital Ally, Inc.), Note Purchase Agreement (Interactive Strength, Inc.), Note Purchase Agreement (Neptune Wellness Solutions Inc.)

AutoNDA by SimpleDocs

No Default or Breach. No event has occurred and is continuing or would result from the incurring of Obligations by the Loan Parties under the Note Documents which constitutes or, with the giving of notice or lapse of time or both, would constitute an Event of Default. No Loan Party is in default under or with respect to any Material Carrier Contract or any other material Contractual Obligation.

Appears in 2 contracts

Samples: Note Purchase Agreement (KonaTel, Inc.), Note Purchase Agreement (KonaTel, Inc.)

No Default or Breach. No event has occurred and is continuing or would result from the incurring of Obligations obligations by the Loan Parties under the Note Loan Documents which constitutes or, with the giving of notice or lapse of time or both, would constitute an Event of Default. No Neither any Loan Party nor any of its Subsidiaries is in default under or with respect to any Contractual Obligation in any material Contractual Obligationrespect.

Appears in 1 contract

Samples: Credit Agreement (Fusion Telecommunications International Inc)

AutoNDA by SimpleDocs

No Default or Breach. No event has occurred and is continuing or would result from the incurring of Obligations obligations by the Loan Parties under the Note Loan Documents which constitutes or, with the giving of notice or lapse of time or both, would constitute an Event of Default. No Neither any Loan Party nor any of its Subsidiaries is in default under or with respect to any Contractual Obligation in any material Contractual Obligationrespect. Immediately prior to the execution and delivery of this Agreement no Default or Event of Default existed under, and as defined in, the Prior Securities Purchase Agreements.

Appears in 1 contract

Samples: Securities Purchase Agreement and Security Agreement (Fusion Telecommunications International Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!