No Default Under Material Contracts. Neither Mid Penn nor any Mid Penn Subsidiary is in default under any material contract, agreement, commitment, arrangement, lease, insurance policy or other instrument to which it is a party, by which its assets, business, or operations may be bound or affected, or under which it or its assets, business, or operations receive benefits, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default.
No Default Under Material Contracts. To its knowledge, the Purchaser has performed all of the obligations required to be performed by it and is entitled to all benefits under and is not in default or alleged to be in default in respect of, the Purchaser Material Contracts. To the Purchaser’s knowledge, each of the Purchaser Material Contracts is in good standing and in full force and effect, and no event, condition or occurrence exists that, after notice or lapse of time or both, would constitute a default under any of the Purchaser Material Contracts. There is no dispute between the Purchaser and any other party under any of the Purchaser Material Contracts. None of the Purchaser Material Contracts has been assigned, or if applicable subleased, in whole or in part.
No Default Under Material Contracts. All Material Contracts are in good standing and in full force and effect and unamended except as disclosed to the Purchaser and, to the knowledge of the Vendor, there is no existing default nor any event, condition or occurrence (other than the requirement of obtaining consents to the assignment herein contemplated) which, after notice or lapse of time or both, would constitute a default or breach under any Material Contract.
No Default Under Material Contracts. None of the Borrower or any of its Subsidiaries is in default or breach in any material respect of any Material Contract to which it is a party or by which it or any of its Material Assets may be bound 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 such Material Contracts are in good standing in all material respects;
No Default Under Material Contracts. ....... 10 ----------------------------------- 3.14 Subchapter S Status; Taxes.................. 10 -------------------------- 3.15 Litigation.................................. 11 ---------- 3.16 Employment Matters.......................... 11 ------------------ 3.17 Insurance................................... 12 --------- 3.18 Environmental Matters....................... 12 --------------------- 3.19 Zoning...................................... 13 ------ 3.20 Leased Premises............................. 13 --------------- 3.21 Full Disclosure............................. 13 ---------------
No Default Under Material Contracts. 5.33.1 The Operating Corporations (i) are in good standing and entitled to all benefits under, (ii) have performed all obligations required to be performed under, and (iii) are not in default under, or in breach of, any Material Contract. Each Material Contract is in full force and effect and is valid and enforceable in accordance with its terms. Agreement of Purchase and Sale of Shares /48 5.33.2 No event has occurred or circumstance exists that may contravene, conflict with, or result in a violation or breach of, or give the Operating Corporations or any other Person the right to declare a default or exercise any remedy under, or to accelerate the maturity or performance of, or to cancel, terminate, or modify, any Material Contracts.
No Default Under Material Contracts. DevCo has performed in all material respects all of the obligations required to be performed by it and is entitled to all benefits under, and is not in default or alleged to be in default in respect of, any Material Contract to which it is a party or by which it is bound or affected. All such Material Contracts are in good standing and in full force and effect, and, to the knowledge of the Vendor, no event, condition or occurrence exists that, after notice or lapse of time or both, would constitute a default under any such Material Contract. There is no dispute between DevCo and any other party under any such Material Contract. Except as disclosed in the Schedules to this Agreement, none of those Material Contracts contain terms under which the execution or performance of this Agreement would give any other contracting party the right to terminate or adversely change the terms of that Material Contract or would otherwise require the consent of any other Person. None of those Material Contracts have been assigned, or if applicable subleased, in whole or in part.
No Default Under Material Contracts. Except as set out in Schedule 6.2(18):
No Default Under Material Contracts. Schedule 4.20 provides a list of all contracts of the Companies or any of their Subsidiaries that either: (a) involve amounts in excess of US$1 million or (b) involve amounts in excess of US$100,000 and have a duration in excess of one year (the "Company Agreements"). Each of the Companies and their Subsidiaries, as applicable: (i) is in compliance with and entitled to all benefits under, (ii) has substantially performed all obligations required to be performed under, and (iii) is not in default under, or in breach of, any of the Company Agreements binding upon them. All such contracts are valid and enforceable. Except as set forth on Schedule 4.20, to the knowledge of the Parent Companies, there exists no fact, condition or circumstance which, after notice or lapse of time or both, would constitute a default or breach of any Company Agreement.
No Default Under Material Contracts. Schedule 5.07 sets forth a complete and accurate list of all Material Contracts of the Parent and its Subsidiaries in effect as of the Closing Date; other than as set forth in Schedule 5.07, each such Material Contract is, and after giving effect to the consummation of the transactions contemplated by the Loan Documents will be, in full force and effect in accordance with the terms thereof. The Parent and its Subsidiaries have delivered to the Administrative Agent a true and complete copy of each Material Contract required to be listed on Schedule 5.07. Neither the Parent nor any Subsidiary (nor, to the knowledge of the Parent or the Borrower, any other party thereto) is in breach of or in default under any Material Contract which default could reasonably be expected to have a Material Adverse Effect. No default under any Material Contract which could reasonably be expected to have a Material Adverse Effect has occurred and is continuing, or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document.
