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 Borrower under the Note Documents which constitutes or, with the giving of notice or lapse of time or both would constitute an Event of Default. To the Knowledge of the Borrower, except as could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, neither the Borrower nor any Subsidiary is in default with respect to any Contractual Obligation in any Material Contract.

Appears in 2 contracts

Samples: Note Purchase Agreement (Numerex Corp /Pa/), Note Purchase Agreement (Radisys Corp)

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No Default or Breach. No event has occurred and is continuing or would result from the incurring of Obligations by the Borrower under the Note Documents which constitutes or, with the giving of notice or lapse of time or both both, would constitute an Event of Default. To the Knowledge of the Borrower, except as could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, neither the Borrower nor any Subsidiary is in default with respect to any Contractual Obligation in any Material Contract.

Appears in 2 contracts

Samples: Note Purchase Agreement (Bioceres Crop Solutions Corp.), Note Purchase Agreement (Clearone Inc)

No Default or Breach. No event has occurred and is continuing or would result from the incurring of Obligations by the Borrower under the Note Documents which constitutes or, with the giving of notice or lapse of time or both would constitute constitute, a Default or an Event of Default. To the Knowledge of the Borrower, except as could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, neither the Borrower nor any Subsidiary is in default with respect to any Contractual Obligation in any Material ContractObligation.

Appears in 1 contract

Samples: Note Purchase Agreement (Top Image Systems LTD)

No Default or Breach. No event has occurred and is continuing or would result from the incurring of Obligations by the Borrower or its Subsidiaries under the Note Documents which constitutes or, with the giving of notice or lapse of time or both both, would constitute an Event of Default. To the Knowledge of the Borrower, except as could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, neither Neither the Borrower nor any Subsidiary of its Subsidiaries is in default under or with respect to any material Contractual Obligation in any Material Contractmaterial respect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Axesstel Inc)

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No Default or Breach. No event has occurred and is continuing or would result from the incurring of Obligations obligations by the Borrower under the Note Loan Documents which constitutes or, with the giving of notice or lapse of time or both both, would constitute an Event of Default. To the Knowledge of the BorrowerThe Borrower is not in default under or with any Contractual Obligation, except as where such default could not reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect, neither the Borrower nor any Subsidiary is in default with respect to any Contractual Obligation in any Material Contract.

Appears in 1 contract

Samples: Loan Agreement (Fulcrum Direct Inc)

No Default or Breach. No To the Knowledge of the Borrower, no event has occurred and is continuing or would result from the incurring of Obligations by the Borrower under the Note Documents which constitutes or, with the giving of notice or lapse of time or both would constitute an Event of Default. To the Knowledge of the Borrower, except as could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, neither the Borrower nor any Subsidiary is in default with respect to any Contractual Obligation in any Material Contract.

Appears in 1 contract

Samples: Note Purchase Agreement (Sonic Foundry Inc)

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