Common use of Material Contracts; Defaults Clause in Contracts

Material Contracts; Defaults. Except for this Agreement and as Previously Disclosed, neither CBTC nor any of its Subsidiaries is a party to, bound by or subject to any agreement, contract, arrangement, commitment or understanding (whether written or oral) (i) that is a “material contract” within the meaning of Item 601(b)(10) of the SEC’s Regulation S-K or (ii) that restricts or limits in any way the conduct of business by it or any of its Subsidiaries (including without limitation a non-compete or similar provision). Neither CBTC nor any of its Subsidiaries is in default under any contract, agreement, commitment, arrangement, lease, insurance policy or other instrument to which it is a party, by which its respective assets, business, or operations may be bound or affected, or under which it or its respective assets, business, or operations receive benefits, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default.

Material Contracts; Defaults. Except for this Agreement and as Previously Disclosed, neither CBTC Cardinal nor any of its Subsidiaries is a party to, bound by or subject to any agreement, contract, arrangement, commitment or understanding (whether written or oral) (i) that is a “material contract” within the meaning of Item 601(b)(10) of the SEC’s Regulation S-K or (ii) that restricts or limits in any way the conduct of business by it or any of its Subsidiaries (including without limitation a non-compete or similar provision). Neither CBTC Cardinal nor any of its Subsidiaries is in default under any contract, agreement, commitment, arrangement, lease, insurance policy or other instrument to which it is a party, by which its respective assets, business, or operations may be bound or affected, or under which it or its respective assets, business, or operations receive benefits, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default.

Material Contracts; Defaults. Except for this Agreement and documents listed as Previously Disclosedexhibits to the SEC Documents, neither CBTC the Company nor any of its Subsidiaries is a party to, bound by or subject to any agreement, contract, arrangement, commitment or understanding (whether written or oral) (i) that is a “material contract” "MATERIAL CONTRACT" within the meaning of Item 601(b)(10) of the SEC’s 's Regulation S-K or (ii) that materially restricts or limits in any way the conduct of business by it the Company or by any of its Subsidiaries (including without limitation a non-compete or similar provision)Subsidiaries. Neither CBTC the Company nor any of its Subsidiaries is in material default under any contract, agreement, commitment, arrangement, lease, insurance policy or other instrument to which it is a party, by which its respective assets, business, or operations may be bound or affected, or under which it or its respective assets, business, or operations receive receives benefits, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default. No power of attorney or similar authorization given directly or indirectly by the Company or any of its Subsidiaries is currently outstanding.

Material Contracts; Defaults. Except for this Agreement those agreements and other documents filed as Previously Disclosedexhibits to its Regulatory Documents, neither CBTC the Company nor any of its Subsidiaries is a party to, bound by or subject to any agreement, contract, arrangement, commitment or understanding (whether written or oral) (i) that is a “"material contract” " within the meaning of Item 601(b)(10) of the SEC’s 's Regulation S-K or (ii) that materially restricts or limits in any way the conduct of business by it or any of its Subsidiaries (including without limitation a non-compete or similar provision)Subsidiaries. Neither CBTC Company nor any of its Subsidiaries is in default under any material contract, agreement, commitment, arrangement, lease, insurance policy or other instrument to which it is a party, by which its respective assets, business, or operations may be bound or affected, or under which it or its respective assets, business, or operations receive receives benefits, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default.