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Common use of No Default or Violation Clause in Contracts

No Default or Violation. Neither the Company nor any Subsidiary (i) is in default under or in violation of (or has received notice of a claim that it is in default under or that it is in violation of) any indenture, promissory note, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is bound, (ii) is in violation of any order of any court, arbitrator or governmental body, or (iii) is in violation of any statute, rule or regulation of any governmental authority, except as could not individually or in the aggregate, have or result in, individually or in the aggregate, a Material Adverse Effect.

Appears in 8 contracts

Samples: Convertible Debenture Purchase Agreement (Fix Corp International Inc), Convertible Debenture Purchase Agreement (Fix Corp International Inc), Convertible Debenture Purchase Agreement (Fix Corp International Inc)

No Default or Violation. Neither the Company nor any Subsidiary (i) is in default under or in violation of (or has received notice of a claim that it is in default under or that it is in violation of) any indenture, promissory note, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is boundbound which would reasonably be expected to, individually or in the aggregate, have a Material Adverse Effect, (ii) is in violation of any order of any court, arbitrator or governmental bodybody applicable to it, or (iii) is in violation of any statute, rule or regulation of any governmental authorityauthority to which it is subject, except as could not which violation would reasonably be expected to, individually or in the aggregate, have or result in, individually or in the aggregate, a Material Adverse Effect.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Imaging Technologies Corp/Ca), Securities Purchase Agreement (Diversified Senior Services Inc), Securities Purchase Agreement (Imaging Technologies Corp/Ca)

No Default or Violation. Neither Except as set forth in Schedule 2.1(h), neither the Company nor any Subsidiary (i) is in default under or in violation of (or has received notice of a claim that it is in default under or that it is in violation of) any indenture, promissory note, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is boundbound which could reasonably be expected to, individually or in the aggregate, have a Material Adverse Effect, (ii) is in violation of any order of any court, arbitrator or governmental bodybody applicable to it, or (iii) is in violation of any statute, rule or regulation of any governmental authorityauthority to which it is subject, except as which violation could not reasonably be expected to, individually or in the aggregate, have or result in, individually or in the aggregate, a Material Adverse Effect.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Team Communication Group Inc), Securities Purchase Agreement (Team Communication Group Inc), Securities Purchase Agreement (Team Communication Group Inc)

No Default or Violation. Neither the Company nor any Subsidiary (i) is in default under or in violation of (or has received notice of a claim that it is in default under or that it is in violation ofviolation) of any indenture, promissory note, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is bound, (ii) is in violation of any order of any court, arbitrator or governmental body, or (iii) is in violation of any statute, rule or regulation of any governmental authority, except as could not would not, in any case of (i) and (iii) above, individually or in the aggregate, have or reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect.

Appears in 2 contracts

Samples: Convertible Preferred Stock Purchase Agreement (Vasomedical Inc), Convertible Preferred Stock Purchase Agreement (Vasomedical Inc)

No Default or Violation. Neither the Company nor any Subsidiary (i) is in default under or in violation of (or has received notice of a claim that it is in default under or that it is in violation of) any indenture, promissory note, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is bound, (ii) is in violation of any order of any court, arbitrator or governmental bodybody (Federal, state, local or foreign), or (iii) is in violation of any statute, rule or regulation of any governmental authority, except in each case as could not reasonably be expected to individually or in the aggregate, aggregate have or result in, individually or in the aggregate, a Material Adverse Effect.

Appears in 2 contracts

Samples: Convertible Debenture Purchase Agreement (PLC Systems Inc), Convertible Debenture Purchase Agreement (PLC Systems Inc)

No Default or Violation. Neither the Company nor any Subsidiary (i) is in default under or in violation of (or has received notice of a claim that it is in default under or that it is in violation of) any indenture, promissory note, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is bound, (ii) is in violation of any order of any court, arbitrator or governmental bodybody applicable to it, or (iii) is in violation of any statute, rule or regulation of any governmental authorityauthority to which it is subject, except as could not reasonably be expected to, in any such case (individually or in the aggregate), have or result in, individually or in the aggregate, a Material Adverse Effect.

Appears in 2 contracts

Samples: Convertible Preferred Stock Purchase Agreement (Genus Inc), Convertible Preferred Stock Purchase Agreement (Oncormed Inc)

No Default or Violation. Neither the Company nor any Subsidiary (i) is in default under or in violation of (or has received notice of a claim that it is in default under or that it is in violation of) any indenture, promissory note, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is boundbound which would reasonably be expected to, individually or in the aggregate, have a Material Adverse Effect, (ii) is in violation of any order of any court, arbitrator or governmental bodybody applicable to it, or (iii) is in violation of any statute, rule or regulation of any governmental authorityauthority to which it is subject, except as which violation could not reasonably be expected to, individually or in the aggregate, have or result in, individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (World Wide Wireless Communications Inc)

No Default or Violation. Neither the Company nor any Subsidiary ----------------------- (i) is in default under or in violation of (or has received will be upon notice or a lapse of a claim that it is in default under time or that it is in violation ofboth) any indenture, promissory note, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is bound, (ii) is in violation of any order of any court, arbitrator or governmental body, or (iii) is in violation of any statute, rule or regulation of any governmental authority, except as could not is listed on Schedule 3.1(h) or except --------------- as would not, individually or in the aggregate, have or result in, individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Convertible Debenture and Convertible Preferred Stock Purchase Agreement (Tamboril Cigar Co)

No Default or Violation. Neither Except as set forth on Schedule 3.1(h), neither the Company nor any Subsidiary (i) is is, or has been notified that it is, in default under or in violation of (or has received notice of a claim that it is in default under or that it is in violation of) any indenture, promissory note, note loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is bound, (ii) is in violation of any order of any court, arbitrator or governmental body, or (iii) is in violation of any statute, rule or regulation of any governmental authority, except as could not not, in any case of (i) or (iii) above, individually or in the aggregate, have or result in, individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (Playnet Technologies Inc)

No Default or Violation. Neither the Company nor any Subsidiary of its Subsidiaries (i) is in default under or in violation of (or has received notice of a claim that it is in default under or that it is in violation of) any indenture, promissory note, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is bound, (ii) is in violation of any order of any court, arbitrator or governmental body, or (iii) is in violation of any statute, rule or regulation of any governmental authority, except as could not could, individually or in the aggregate, have or result in, individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (Palatin Technologies Inc)