Common use of No Material Default Clause in Contracts

No Material Default. The Seller is not in material default under any agreement, contract, instrument, or indenture of any nature whatsoever to which it is bound, which default would have a material adverse effect on its ability to perform its obligations under this Agreement.

No Material Default. The Seller is not in material default under any agreement, contract, instrument, instrument or indenture of any nature whatsoever to which the Seller is a party or by which it is bound, which default would have a material effect on the ability of the Seller to perform under this Agreement, nor to the best of Seller’s knowledge, has any event occurred which with notice would constitute a default under any such agreement, contract, instrument or indenture and have a material adverse effect on its the ability of the Seller to perform its obligations under this Agreement.;