No Default Under Agreements. The Company is not now, nor pending Completion will it become, in default under any agreement to which it is or may become a party or in respect of any other obligations binding upon it. No event has occurred which would enable any third party to terminate any contract or any benefit enjoyed by the Company.
No Default Under Agreements. The Borrower is not in default under any agreement or instrument to which it is a party and which default may materially adversely affect its ability to observe and perform its covenants under this Agreement.
No Default Under Agreements. Except as set forth on Schedule 5.10 to the Disclosure Letter, none of Borrower or the Subsidiaries is in default or breach under any term or provision of its organizational documents, by-laws or resolutions or of any material term or provision of any contract, agreement, lease or other instrument to which it is a party, and there exists no state of facts that after notice or the passage of time, or both, would constitute such a default or breach, under such contract, agreement, lease or other instrument, which default or breach has had or could reasonably be expected to have a Material Adverse Effect on Borrower, and all such contracts, agreements, leases and other instruments are now in good standing in all material respects, and Borrower or its Subsidiary, as the case may be, is entitled to all benefits, rights and privileges thereunder, in each case, except to the extent the failure to do so could have not had or could not reasonably be expected to have a Material Adverse Effect on Borrower.
No Default Under Agreements. The Corporation is not in default or --------------------------- breach in any respect of any contract, agreement, lease or other instrument to which it is a party or by which it may be bound.
No Default Under Agreements. The Corporation is not in default or breach of any Contract to which it is a party or by which it may be bound (including the Contracts referred to in any Schedule to this Agreement) and there exists no state of facts which after notice or the passage of time, or both, would constitute such a default or breach, and all of those Contracts are now in good standing and the Corporation is entitled to all benefits, rights and privileges under them. To the Corporation's and each Principal Stockholder's Knowledge, no other party to any of the Corporation's Contracts is in default under that Contract. Each of the Contracts to which the Corporation is a party or by which it may be bound has been entered into in the ordinary course of the Business and is at arm's length.
No Default Under Agreements. The Contracts referred to in Section 3.1(z) of the Disclosure Letter are in full force and effect and are enforceable against the parties thereto in accordance with their terms. To the knowledge of the Vendor, the Company is not in material default or material breach of any Contract referred to in Section 3.1(z) of the Disclosure Letter. To the knowledge of the Vendor, no other party to such a Contract, lease or other instrument is in material breach or material default thereunder. No party to any Contract referred to in Section 3.1(z) of the Disclosure Letter has given written notice of termination or indicated in writing that it will give notice of termination and, to the knowledge of the Vendor, no circumstances exist which would give any party thereto the right to terminate or modify such Contract, and the execution or consummation of this Agreement or the transactions contemplated herein do not trigger any change of control rights of any party in respect of those Contracts that shall remain with the Company following Closing.
No Default Under Agreements. Other than Vendor's general contracts with wholesalers, Vendor's national accounts agreements and rights of reference to Drug Master Files under the FDA approvals, registrations and permits, there are no contracts which relate to the Products in the Territory.
No Default Under Agreements. Each of the Material Agreements is, and on the Closing Date will be, in full force and effect and is, and on the Closing Date will be, enforceable in all material respects against the Company, the Subsidiary and the other parties thereto, in accordance with its terms, except as limited by liquidation, bankruptcy, insolvency, reorganization or similar laws or except to the extent that any of the Material Agreements shall have expired or terminated pursuant to their terms other than as a result of a default or breach thereunder by the Company or the Subsidiary. No default exists under the terms of, and no event has occurred which, with the lapse of time, the giving of notice or both, would constitute an event of default under, any of the Material Agreements, except for such minor defaults which either alone or in the aggregate would not cause the loss of any material benefit thereunder. Except as described in any of the Schedules attached hereto, neither the Company nor the Subsidiary is a party to or bound by any purchase commitments, agreements or understandings of any kind, whether oral or written, relating to the business of the Company, the Subsidiary or the Company Stock, except for agreements not required to be listed in Schedule 2.20 hereof, and executory sales and purchase commitments and contracts relating to the sale of products or services of the Company or the Subsidiary and the purchase of material and supplies used by the Company or the Subsidiary entered into in the ordinary course of business and not in violation of any representation, covenant or warranty of the Company herein contained.
No Default Under Agreements. New World Technologies Group, Inc. (i) is in good standing and entitled to all benefits under, (ii) has performed all obligations required to be performed under, and (iii) is not in default under, or breach of, any written or oral contracts, agreements, indentures, instruments, commitments, licenses and permits. There exists no fact, condition or circumstance which, after notice or lapse of time or both, would constitute such a default or breach of any of the aforesaid contracts, agreements, indentures, instruments, commitments, licenses or permits. No party to a contract, agreement, indenture, instrument, or commitment with New World Technologies Group, Inc. is in default under, or in breach of, any such contract, agreement, indenture, instrument or commitment and there exists no circumstance or fact which, after notice or lapse of time or both, would result in a default or breach by such other party under such contract, agreement, indenture, instrument or commitment.
No Default Under Agreements. No Loan Party is in default or breach of any Material Agreement to which it is a party which default or breach has had or could reasonably be expected to have a Material Adverse Effect, no event has occurred that after notice or the passage of time, or both, would constitute such a default or breach, and all Material Agreements are in good standing in all material respects. A list of all Material Agreements, including all material supply agreements, is set forth on Schedule 5.09.
