Contracts Enforceable Clause Samples
Contracts Enforceable. Each agreement or arrangement to which the Company is a party has been duly authorised, executed and delivered by the Company and constitutes a valid and binding obligation of the Company, enforceable against it in accordance with its terms. No agreement or arrangement to which the Company is a party is invalid or ultra ▇▇▇▇▇ and there are no grounds for rescission, breach, avoidance or repudiation of any agreement or arrangement to which the Company is a party. The Company is not in default of the performance, observance or fulfilment of any of its obligations, covenants or conditions contained in any of agreement or arrangement to which it is a party. Labour Matters: The Company has been and is in material compliance with all laws relating to employment and employment practices, labor relations, immigration, and the Company has been in compliance with the terms and conditions of employment contracts. Apart from the employee benefits disclosed in the Disclosure Schedule, and as set out in the sample employment letter and human resources manuals provided to the Purchaser, there are no other benefits that are being provided to the employees including deferred compensation agreement, incentive plan, profit sharing plan, retirement agreement or other employee compensation agreement. The Company has no collective bargaining agreements, arrangements and other similar understanding with any trade union, staff association or other body representing the employees of the Company and no labour union has requested or sought to represent any employees, representatives or agents of the Company. There has been and is no strike or other labour dispute involving the Company nor is such strike or similar action pending, nor to the Promoters' knowledge, threatened.
Contracts Enforceable. Each agreement or arrangement to which the Seller is a party has been duly authorised, executed and delivered by the Seller and constitutes a valid and binding obligation of the Seller, enforceable against it in accordance with its terms. No agreement or arrangement to which the Seller is a party is invalid or ultra ▇▇▇▇▇ and there are no grounds for rescission, breach, avoidance or repudiation of any agreement or arrangement to which the Seller is a party. The Seller is not in default of the performance, observance or fulfilment of any of its obligations, covenants or conditions contained in any of agreement or arrangement to which it is a party.
Contracts Enforceable. To the Best of Knowledge the Global Group, all of the Contracts are in full force and effect and are enforceable against each party thereto in accordance with their terms. Companies have not released any material right or benefit under any of the Contracts. Except as set forth on the attached Schedule 3.1.3, no Consent of any third party is required under any Contract as a result of or in connection with, and the enforceability of any Contract will not be affected in any manner by, the execution, delivery or performance of this Agreement or the consummation of the transactions contemplated herein.