Common use of Equipment Contracts Clause in Contracts

Equipment Contracts. Schedule 3.1(w) sets forth a complete list of all Equipment Contracts together with a description of the Fixed Assets to which the Equipment Contracts relate. All of the Equipment Contracts are in full force and effect and no default exists on the part of the Corporation, or, to the knowledge of Simmax and/or the Corporation, on the part of any of the other parties thereto. The interest of the Corporation under each of the Equipment Contracts, as applicable, is held free and clear of any Encumbrance and all payments due under the Equipment Contracts have been duly and punctually paid.

Appears in 2 contracts

Samples: Share Purchase Agreement (Camber Energy, Inc.), Share Purchase Agreement (Viking Energy Group, Inc.)

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Equipment Contracts. Schedule 3.1(w) 3.27 sets forth a complete list of all material Equipment Contracts together with a description of the Fixed Assets equipment and vehicles to which the Equipment Contracts relate. All of the Equipment Contracts are in full force and effect and no default exists on the part of the Corporation, or, Corporation or to the knowledge of Simmax and/or the CorporationVendor, on the part of any of the other parties thereto. The entire interest of the Corporation under each of the Equipment Contracts, as applicable, Contracts is held by it free and clear of any Encumbrance Encumbrances, other than Permitted Encumbrances and all payments due under the Equipment Contracts have been duly and punctually paid.

Appears in 1 contract

Samples: Share Purchase Agreement (Aviation Group Inc)

Equipment Contracts. Schedule 3.1(w) 4.27 sets forth a complete list of all Equipment Contracts together with a description of the Fixed Assets equipment and vehicles to which the Equipment Contracts relate. All of the Equipment Contracts are in full force and effect and no default exists on the part of the Corporation, or, Corporation or to the knowledge of Simmax and/or the CorporationVendors, on the part of any of the other parties thereto. The entire interest of the Corporation under each of the Equipment Contracts, as applicable, Contracts is held by the Corporation free and clear of any Encumbrance Encumbrances, other than Permitted Encumbrances and all payments due under the Equipment Contracts have been duly and punctually paid.

Appears in 1 contract

Samples: Share Purchase Agreement (Aviation Group Inc)

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Equipment Contracts. Schedule 3.1(w) 4.27 sets forth a complete list of all Equipment Contracts together with a description of the Fixed Assets equipment and vehicles to which the Equipment Contracts relate. All of the Equipment Contracts are in full force and effect and no default exists on the part of the Corporation, or, Company or to the knowledge of Simmax and/or the CorporationVendors, on the part of any of the other parties thereto. The entire interest of the Corporation Company under each of the Equipment Contracts, as applicable, Contracts is held by it free and clear of any Encumbrance Encumbrances, other than Permitted Encumbrances and all payments due under the Equipment Contracts have been duly and punctually paid.

Appears in 1 contract

Samples: Purchase Agreement (Aviation Group Inc)

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