Common use of No Cancellation or Termination of Commitment Clause in Contracts

No Cancellation or Termination of Commitment. Except as disclosed pursuant to this Agreement and except where such default would not have a Material Adverse Effect, (i) neither the Acquired Companies nor the Subsidiaries has received notice of any plan or intention of any other party to any Commitment to exercise any right to cancel or terminate any Commitment, and the Acquired Companies do not know of any fact that would justify the exercise of such a right; and (ii) neither the Acquired Companies nor the Subsidiaries currently contemplates, or has reason to believe any other person currently contemplates, any amendment or change to any Commitment.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Vision Twenty One Inc), Stock Purchase Agreement (Lasersight Inc /De)

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No Cancellation or Termination of Commitment. Except as disclosed pursuant to this Agreement or contemplated hereby and except where such default action would not have a Material Adverse EffectEffect on the Company, (i) neither the Acquired Companies Company nor the Subsidiaries Shareholder has received notice of any plan or intention of any other party to any Commitment to exercise any right to cancel or terminate any Commitment, and the Acquired Companies do Company does not know of any fact that would justify the exercise of such a right; and (ii) neither the Acquired Companies Company nor the Subsidiaries Shareholder currently contemplates, or has reason to believe any other person currently contemplates, any amendment or change to any Commitment.

Appears in 1 contract

Samples: Organization Asset Purchase Agreement (Vision Twenty One Inc)

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No Cancellation or Termination of Commitment. Except as disclosed pursuant to this Agreement and except where such default would not have a Material Adverse Effect, (i) neither the Acquired Companies Company nor the Subsidiaries has received notice of any plan or intention of any other party to any Commitment to exercise any right to cancel or terminate any Commitment, and neither the Acquired Companies do not know Company nor MB has actual knowledge of any fact that would justify the exercise of such a right; and (ii) neither the Acquired Companies Company nor the Subsidiaries currently contemplates, or has reason to believe actual knowledge that any other person currently contemplates, any amendment or change to any Commitment.

Appears in 1 contract

Samples: Stock Purchase Agreement (Vision Twenty One Inc)

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