Common use of Validity and Status Clause in Contracts

Validity and Status. All the Material Contracts are legally valid and binding, in full force and effect, and enforceable in accordance with their respective terms against the parties thereto. There is no existing default or breach by any party thereto and no Group Company has received any notice or claim or allegation of default or breach thereof from any party thereto, and the various transfers of assets, shares, equity interests, capital, personnel, contracts and Proprietary Rights.

Validity and Status. All of the Material Contracts are legally valid and binding, in full force and effect, and enforceable in accordance with their respective terms against the parties thereto. There is no existing default or breach by any party thereto to the knowledge of Company and no Group the Company has received any no notice or claim or allegation of default or breach thereof from any party thereto, and . The Company does not have any present intention to terminate any of the various transfers of assets, shares, equity interests, capital, personnel, contracts and Proprietary RightsMaterial Contracts.

Validity and Status. All of the Material Contracts are legally valid and binding, in full force and effect, and enforceable in accordance with their respective terms against the parties thereto. There is no existing default or breach by any party thereto to the knowledge of Company, and no Group the Company has received any no notice or claim or allegation of default or breach thereof from any party thereto, and . The Company does not have any present intention to terminate any of the various transfers of assets, shares, equity interests, capital, personnel, contracts and Proprietary RightsMaterial Contracts.