Common use of Material Contracts and Commitments Clause in Contracts

Material Contracts and Commitments. All of the contracts, mortgages, ---------------------------------- indentures, agreements, instruments and transactions to which the Company is a party or by which it is bound (including purchase orders to the Company or placed by the Company) which involve obligations of, or payments to, the Company in excess of Ten Thousand Dollars ($10,000) and all agreements between the Company and its officers, directors, consultants and employees are either (i) attached as exhibits to this Agreement, or (ii) set forth on Exhibit B (the --------- "Contracts"), copies of which have been delivered to special counsel to the Purchaser. All of the Contracts are valid, binding and in full force and effect in all material respects and enforceable by the Company in accordance with their respective terms in all material respects, subject to the effect of applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application relating to or affecting enforcement of creditors' rights and rules or laws concerning equitable remedies. The Company is not in material default under any of such Contracts.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Esps Inc), Preferred Stock Purchase Agreement (Esps Inc)

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Material Contracts and Commitments. All of the contracts, mortgages, ---------------------------------- indentures, agreements, instruments and transactions to which the Company is a party or by which it is bound (including purchase orders to the Company or placed by the Company) which involve obligations of, or payments to, the Company in excess of Ten One Hundred Thousand Dollars ($10,000100,000) and all agreements between the Company and its officers, directors, consultants and employees are either (i) attached as exhibits to this Agreement, or (ii) set forth on Exhibit B the list attached hereto as EXHIBIT G (the --------- "Contracts"), copies of which have been delivered to special counsel made available to the Purchaser. All of the Contracts are valid, binding and in full force and effect in all material respects and enforceable by the Company in accordance with their respective terms in all material respects, subject to the effect of applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application relating to or affecting enforcement of creditors' rights and rules or laws concerning equitable remedies. The Company is not in material default under any of such Contracts. To the Company's knowledge, no other party to any of the Contracts is in material default thereunder.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Mitokor)

Material Contracts and Commitments. All of the contracts, mortgages, ---------------------------------- indentures, agreements, instruments and transactions to which the Company is a party or by which it is bound (including purchase orders to the Company or placed by the Company) which involve obligations of, or payments to, the Company in excess of Ten One Hundred Thousand Dollars ($10,000100,000) and all agreements between the Company and its officers, directors, consultants and employees are either (i) attached as exhibits to this Agreement, or (ii) set forth on Exhibit B the list attached hereto as EXHIBIT G (the --------- "Contracts"), copies of which have been delivered to special counsel made available to the PurchaserPurchasers. All of the Contracts are valid, binding and in full force and effect in all material respects and enforceable by the Company in accordance with their respective terms in all material respects, subject to the effect of applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application relating to or affecting enforcement of creditors' rights and rules or laws concerning equitable remedies. The Company is not in material default under any of such Contracts. To the Company's knowledge, no other party to any of the Contracts is in material default thereunder.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Mitokor)

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Material Contracts and Commitments. All of the contracts, ---------------------------------- mortgages, ---------------------------------- indentures, agreements, instruments and transactions to which the Company is a party or by which it is bound (including purchase orders to the Company or placed by the Company) which involve obligations of, or payments to, the Company in excess of Ten Five Thousand Dollars ($10,0005,000) and all agreements between the Company and its officers, directors, consultants and employees are either (i) attached as exhibits exhibits, to this Agreement, or (ii) set forth on the list attached hereto as Exhibit B F (the --------- "Contracts"), copies of which have been delivered to special counsel to the Purchaser. All of the --------- material provisions of the Contracts are valid, binding and in full force and effect in all material respects and enforceable by the Company in accordance with their respective terms in all material respectsterms, subject to the effect of applicable bankruptcy, insolvency, reorganization, moratorium fraudulent conveyance, moratorium, usury or other laws of general application relating to or affecting enforcement of creditors' rights and rules or laws concerning equitable remedies. The Company is not in material default under any of such Contracts. To the best knowledge of the Company, no other party to any of the Contracts is in material default thereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Geocities)

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