Common use of Contracts and Commitments; No Default Clause in Contracts

Contracts and Commitments; No Default. Issuer is not a party to, nor are any of its assets bound by, any contract, oral or written (each, an “Issuer Contract”), that is not disclosed in the SEC Reports. None of the Issuer Contracts contains a provision requiring the consent of any party with respect to the consummation of the transactions contemplated by this Agreement. Issuer is not in breach, violation or default, however defined, in the performance of any of its obligations under any of the Issuer Contracts, and no facts and circumstances exist which, whether with the giving of due notice, lapse of time, or both, would constitute such breach, violation or default thereunder or thereof, and, to the knowledge of Issuer, no other parties thereto are in a breach, violation or default, however defined, thereunder or thereof, and no facts or circumstances exist which, whether with the giving of due notice, lapse of time, or both, would constitute such a breach, violation or default thereunder or thereof.

Appears in 6 contracts

Samples: Securities Exchange Agreement (Feng Fei), Securities Exchange Agreement (Feng Shushun), Securities Exchange Agreement (So Yeung)

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Contracts and Commitments; No Default. Issuer The Company is not a party to, nor are any of its assets Assets bound by, any contract, oral or written contract (each, an a Issuer Company Contract”), ) that is not disclosed in the SEC ReportsDisclosure Schedule. None Except as disclosed in Disclosure Schedule, none of the Issuer Company Contracts contains a provision requiring the consent of any party with respect to the consummation of the transactions contemplated by this Agreement. Issuer The Company is not in breach, violation or default, however defined, in the performance of any of its obligations under any of the Issuer ContractsCompany Contract, and no facts and circumstances exist which, whether with the giving of due notice, lapse of time, or both, would constitute such breach, violation or default thereunder or thereof, and, to the knowledge of IssuerSeller, no other parties thereto are in a breach, violation or default, however defined, thereunder or thereof, and no facts or circumstances exist which, whether with the giving of due notice, lapse of time, or both, would constitute such a breach, violation or default thereunder or thereof.

Appears in 5 contracts

Samples: Stock Purchase Agreement (Microsmart Devices, Inc.), Installment Purchase Agreement (Price David), Stock Purchase Agreement (Syntony Group Inc)

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Contracts and Commitments; No Default. Issuer Company is not a party to, nor are any of its assets bound by, any contract, oral or written (each, an “Issuer Contracta“ Company Contract ”), that is not disclosed in the SEC Reports. None of the Issuer Company Contracts contains a provision requiring the consent of any party with respect to the consummation of the transactions contemplated by this Agreement. Issuer Company is not in breach, violation or default, however defined, in the performance of any of its obligations under any of the Issuer Company Contracts, and no facts and circumstances exist which, whether with the giving of due notice, lapse of time, or both, would constitute such breach, violation or default thereunder or thereof, and, to the knowledge of IssuerCompany or Shareholder, no other parties thereto are in a breach, violation or default, however defined, thereunder or thereof, and no facts or circumstances exist which, whether with the giving of due notice, lapse of time, or both, would constitute such a breach, violation or default thereunder or thereof.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Tia IV, Inc), Securities Purchase Agreement (Tia IV, Inc)

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