Common use of No Default Notices Clause in Contracts

No Default Notices. Except for the payments owing to Westhill Resources Ltd., the Canadian Western Bank and to the operator of the Assets, and as set out in Schedule "A", the Vendor has not received any notice of default under the Regulations or the Leases or any notice alleging its default under any agreement pertaining to the Assets, which default has not been rectified as of the date of this Agreement.