No Known Defaults Clause Samples
The "No Known Defaults" clause requires a party to confirm that, to the best of their knowledge, they are not currently in default under any significant agreements or obligations. In practice, this means the party must disclose if they are aware of any breaches or failures to perform under contracts that could impact the transaction at hand. This clause helps ensure transparency and reduces the risk for the other party by confirming that there are no hidden issues that could affect the validity or performance of the agreement.
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No Known Defaults. Seller represents and warrants that to its best knowledge there is no default or breach by Seller or any other party, and no event which, with notice and/or the passage of time, would constitute a breach or default by Seller or any other party, under any of the Transferred Agreements.
No Known Defaults. Assignors represents and warrants that to its knowledge there is no default or breach by Assignor or any other party, and no event which, with notice and/or the passage of time would constitute a breach or default by Assignor or any other party, in connection with the Obligations. *CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE COMMISSION CONFIDENTIAL TREATMENT ----------------------
No Known Defaults. AirTouch represents to Assignee that to AirTouch's knowledge as of the date hereof, there are no existing defaults under the Sales Agent Agreement.