Common use of No Default or Breach Clause in Contracts

No Default or Breach. Neither the Company nor any of its Subsidiaries is in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would have a material adverse effect on the Condition of the Company or on the ability of the Company to perform its obligations under this Agreement or the Transaction Documents.

Appears in 2 contracts

Samples: Exchange and Purchase Agreement (Trinsic, Inc.), Exchange and Purchase Agreement (1818 Fund Iii Lp)

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No Default or Breach. Neither the Company nor any of its Subsidiaries is in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would could reasonably be expected to have a material adverse effect on the Condition of the Company or on the ability of the Company to perform its obligations under this Agreement or the Transaction DocumentsMaterial Adverse Effect.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Multi Link Telecommunications Inc), Senior Subordinated Note and Warrant Purchase Agreement (Saleslogix Corp)

No Default or Breach. Neither the Company nor any of its -------------------- Subsidiaries is shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would have a material be materially adverse effect on to the Condition of the Company or on which could materially adversely affect the ability of the Company to perform its obligations under this Agreement Agreement, the Preferred Shares, the Registration Rights Agreement, the Warrants or the Transaction DocumentsShareholders Agreement.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Unwired Telecom Corp), Unwired Telecom Corp

No Default or Breach. Neither the Company nor any of its Subsidiaries is shall be in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would have a material be materially adverse effect on to the Condition of the Company or on which could materially adversely affect the ability of the Company to perform its obligations under this Agreement, the Preferred Shares, the Registration Rights Agreement or the Transaction DocumentsStockholders Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (1818 Fund Iii Lp), Stock Purchase Agreement (Genesee & Wyoming Inc)

No Default or Breach. Neither the Company nor any of its Subsidiaries is shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would have a material be materially adverse effect on to the Condition of the Company or on which could materially adversely affect the ability of the Company to perform its obligations under this Agreement Agreement, the Preferred Shares or the Transaction DocumentsRegistration Rights Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al), Stock Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al)

No Default or Breach. Neither the Company nor any of its -------------------- Subsidiaries is shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would have a material be materially adverse effect on to the Condition assets, business, properties or financial or other condition of the Company and its Subsidiaries, taken as a whole or on which could materially adversely affect the ability of the Company to perform its obligations under this Agreement or the Transaction DocumentsRegistration Rights Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Wiltek Inc)

No Default or Breach. Neither the Company nor any of its Subsidiaries is shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would have a material be materially adverse effect on to the Condition of the Company or on which could materially adversely affect the ability of the Company to perform its obligations under this Investment Agreement or any of the Transaction Documents.

Appears in 1 contract

Samples: Stock and Warrant Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al)

No Default or Breach. Neither the Company nor any of its Subsidiaries is shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would have a material be materially adverse effect on to the Condition of the Company or on which could materially adversely affect the ability of the Company to perform its obligations under this Agreement Agreement, the Preferred Shares, the Warrants or the Transaction DocumentsRegistration Rights Agreement.

Appears in 1 contract

Samples: Stock and Warrant Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al)

No Default or Breach. Neither To the knowledge of the Company, neither the Company nor any of its Subsidiaries Subsidiary is in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would reasonably be expected to have a material adverse effect on the Condition of the Company or on the ability of the Company to perform its obligations under this Agreement or the Transaction DocumentsMaterial Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ruths Chris Steak House, Inc.)

No Default or Breach. Neither the Company nor any of its Subsidiaries Sub sidiaries is in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would have a material be materially adverse effect on to the Condition assets, business, properties, operations or financial or other condition of the Company and its Subsidiaries taken as a whole, or on which could materially adversely affect the ability of the Company to perform its obligations under this Agreement Agreement, the Preferred Shares, the Warrants or the Transaction DocumentsRegistration Rights Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Commercial Electronics LLC)

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No Default or Breach. Neither the Company nor any of its Subsidiaries is shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would have a material be materially adverse effect on to the Condition assets, business, properties or financial or other condition of the Company and its Subsidiaries, taken as a whole or on which could materially adversely affect the ability of the Company to perform its obligations under this Agreement or the Transaction DocumentsRegistration Rights Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Commercial Electronics LLC)

No Default or Breach. Neither the Company nor any of its Subsidiaries has received notice of, and is not in default under under, or with respect to to, any Contractual Obligation in any respect, which, which individually or together with all such defaults, would could have a material adverse effect on (i) the Condition of the Company or on (ii) the ability of the Company to perform its obligations under this Agreement or the other Transaction Documents.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Eclipsys Corp)

No Default or Breach. Neither the Company nor any of its Subsidiaries Subsidiary is in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would could have a material adverse effect on the Condition condition of the Company or on any Subsidiary, or which could adversely affect the ability of the Company or any Subsidiary to perform its obligations under this Agreement or any of the other Transaction Documents.

Appears in 1 contract

Samples: Common Stock and Warrant Purchase Agreement (Texoil Inc /Nv/)

No Default or Breach. Neither the Company nor any of its Subsidiaries is shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would have a material adverse effect on the Condition of the Company or on the ability of the Company to perform its obligations under this Agreement or the Transaction Documents.would

Appears in 1 contract

Samples: Stock and Warrant Purchase Agreement (Z Tel Technologies Inc)

No Default or Breach. Neither the Company nor any of its Subsidiaries Sub -------------------- sidiaries is in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would have a material be materially adverse effect on to the Condition assets, business, properties, operations or financial or other condition of the Company and its Subsidiaries taken as a whole, or on which could materially adversely affect the ability of the Company to perform its obligations under this Agreement Agreement, the Preferred Shares, the Warrants or the Transaction DocumentsRegistration Rights Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Wiltek Inc)

No Default or Breach. Neither the Company nor any of its -------------------- Subsidiaries is shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would have a material be materially adverse effect on to the Condition of the Company or on which could materially adversely affect the ability of the Company to perform its obligations under this Agreement Agreement, the Preferred Shares or the Transaction DocumentsRegistration Rights Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (National Equipment Services Inc)

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