Common use of Absence of Events of Default Clause in Contracts

Absence of Events of Default. No event of default (or its equivalent term), as defined in the respective agreement, indenture, mortgage, deed of trust or other instrument, to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an event of default (or its equivalent term) (as so defined in such document), has occurred and is continuing, which would have a Material Adverse Effect.

Appears in 22 contracts

Samples: Securities Purchase Agreement (NanoFlex Power Corp), Securities Purchase Agreement (I-on Communications Corp.), Securities Purchase Agreement (VerifyMe, Inc.)

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Absence of Events of Default. No event Event of default Default (or its equivalent term), as defined in the respective agreement, indenture, mortgage, deed of trust or other instrument, to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an event Event of default Default (or its equivalent term) (as so defined in such document), has occurred and is continuing, which would have a Material Adverse Effect.

Appears in 14 contracts

Samples: Securities Purchase Agreement (Virtualhealth Technologies Inc.), Securities Purchase Agreement (Fuelstream INC), Securities Purchase Agreement (Fuelstream INC)

Absence of Events of Default. No event of default (or its equivalent term), as defined in the respective agreement, indenture, mortgage, deed of trust or other instrument, agreement to which the Company or any of its subsidiaries is a party, and no event which, with the giving of notice or the passage of time or both, would become an event of default (or its equivalent term) (as so defined in such documentagreement), has occurred and is continuing, which would have a Material Adverse Effect.

Appears in 4 contracts

Samples: Note Purchase Agreement (Diomed Holdings Inc), Securities Purchase Agreement (Diomed Holdings Inc), Second Exchange Agreement (Diomed Holdings Inc)

Absence of Events of Default. No Except as set forth in Disclosure Annex, no event of default (or its equivalent term), as defined in the respective agreement, indenture, mortgage, deed of trust or other instrument, agreement to which the Company or its Subsidiary is a party, and no event which, with the giving of notice or the passage of time or both, would become an event of default (or its equivalent term) (as so defined in such documentagreement), has occurred and is continuing, which would have a Material Adverse Effect.

Appears in 3 contracts

Samples: Purchase Agreement (Xg Sciences Inc), Purchase Agreement (Xg Sciences Inc), Purchase Agreement (Xg Sciences Inc)

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Absence of Events of Default. No event Event of default Default (or its equivalent term), as defined in the respective agreement, indenture, mortgage, deed of trust or other instrument, to which the Company is a party, and no event e vent which, with the giving of notice or the passage of time or both, would become an event Event of default Default (or its equivalent term) (as so defined in such document), has occurred and is continuing, which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Jubilant Flame International, LTD)

Absence of Events of Default. No event Event of default Default (or its equivalent term), as defined in the respective agreement, indenture, mortgage, deed of trust or other instrument, to which the Company is a party, and no event which, with the giving of notice or the passage of time or both, would become an event Event of default Default (or its equivalent term) (as so defined in such document), has occurred and is continuing, which would have a Material Adverse EffectEffect for which a waiver or forbearance agreement is not in effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Biohitech Global, Inc.)

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