Common use of No Breach of Material Contracts Clause in Contracts

No Breach of Material Contracts. Each of Company and its ------------------------------- subsidiaries has performed all of the material obligations required to be performed by it and is entitled to all accrued benefits under, and, to Company's knowledge, is not alleged to be in default in any material respect of any Material Contract. Each of the Material Contracts is in full force and effect, and there exists no default or event of default or event, occurrence, condition or act, with respect to Company or any of its subsidiaries or to Company's knowledge with respect to the other contracting party, which, with the giving of notice, the lapse of the time or the happening of any other event or conditions, would become a default or event of default under any Material Contract. Company has provided true and complete copies of all Material Contracts to Parent.

Appears in 2 contracts

Samples: Shareholder Agreement (Digital Island Inc), Agreement and Plan of Reorganization (Sandpiper Networks Inc)

AutoNDA by SimpleDocs

No Breach of Material Contracts. Each of All Material Contracts are in written form. The Company and its ------------------------------- subsidiaries each Company Subsidiary has in all material respects performed all of the material obligations required to be performed by it and is entitled to all accrued benefits under, and, and to Company's its knowledge, is not alleged to be in default in any material respect of of, any Material Contract. Each To the Company's knowledge, each of the Material Contracts is in full force and effect, and there exists no default or event of default or event, occurrence, condition or act, with respect to the Company or any and the Company Subsidiaries or, to the knowledge of its subsidiaries or to the Company's knowledge , with respect to the other contracting party, which, with the giving of notice, the lapse of the time or the happening of any other event or conditions, would reasonably be expected to become a default or event of default under the terms of any Material Contract. Company has provided true True, correct and complete copies of all Material Contracts have been made available to ParentPurchaser or its counsel.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Quantum Corp /De/)

No Breach of Material Contracts. Each of Company and its ------------------------------- subsidiaries has performed all of ------------------------------- the material obligations required to be performed by it and is entitled to all accrued benefits under, and, to Company's knowledge, is not alleged to be in default in any material respect of any Material Contract. Each of the Material Contracts is in full force and effecteffect (assuming the due performance thereof by parties thereto other than Company, unless Company knows otherwise), and there exists no default or event of default or event, occurrence, condition or act, with respect to Company or any of its subsidiaries or to Company's knowledge with respect to the other contracting partyparty or parties, which, with the giving of notice, the lapse of the time or the happening of any other event or conditions, would become a default or event of default under any Material Contract. Company has provided true and complete copies of all Material Contracts to Parent.

Appears in 1 contract

Samples: Shareholder Agreement (Digital Island Inc)

No Breach of Material Contracts. All Material Contracts are in written form. Each of the Company and its ------------------------------- subsidiaries has in all material respects performed all of the material obligations required to be performed by it and is entitled to all accrued benefits under, and, and to Company's its knowledge, is not alleged to be in default in any material respect of of, any Material Contract. Each of the Material Contracts is in full force and effect, and there exists no default or event of default or event, occurrence, condition or act, with respect to the Company or any of its subsidiaries or or, to the knowledge of the Company's knowledge , with respect to the other contracting party, which, with the giving of notice, the lapse of the time or the happening of any other event or conditions, would reasonably be expected to become a default or event of default under the terms of any Material Contract. Company has provided true True, correct and complete copies of all Material Contracts have been delivered to Parent.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Quantum Corp /De/)

AutoNDA by SimpleDocs

No Breach of Material Contracts. Each of The Company and its ------------------------------- subsidiaries has have performed in all material respects all of the material obligations required to be performed by it and is entitled to all accrued benefits under, and, to Company's knowledge, and is not alleged to be in default in any material respect of any Material Contract. Each Except as provided in SCHEDULE 3.27, each of the Material Contracts is in full force and effect, unamended, and there exists no default or event of default or event, occurrence, condition or act, with respect to the Company or any of its subsidiaries or to the Company's knowledge with respect to the other contracting party, which, with the giving of notice, the lapse of the time or the happening of any other event or conditions, would become a default or event of default under any Material Contract. Company has provided true and complete copies of all Material Contracts to Parent.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Covad Communications Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.