Common use of No Default or Breach Clause in Contracts

No Default or Breach. No event has occurred and is continuing or would result from the incurring of obligations by the Company and its Subsidiaries under the Transaction Documents which constitutes or, with the giving of notice or lapse of time or both, would constitute an Event of Default. Neither the Company nor any of its Subsidiaries is in default under or with respect to any Contractual Obligation in any material respect.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Transtechnology Corp), Securities Purchase Agreement (Neoprobe Corp), Securities Purchase Agreement (Mercury Air Group Inc)

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No Default or Breach. No event has occurred and is continuing or would result from the incurring of obligations by the LLC, or the Company and or any of its Subsidiaries under the Transaction Documents which constitutes or, with the giving of notice or lapse of time or both, would constitute an Event of Default. Neither the LLC, nor the Company (nor any of its Subsidiaries Subsidiaries) is in default under or with respect to any Contractual Obligation in any material respect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Aqua Chem Inc)

No Default or Breach. No event has occurred and is continuing or would result from the incurring of obligations by the Company and its Subsidiaries under the Transaction Documents which constitutes or, with the giving of notice or lapse of time or both, would constitute an Event of Default. Neither the Company nor any of its Subsidiaries is in default under or with respect to any Contractual Obligation Obligation, except for such defaults which individually or in any the aggregate, would not have a material respectadverse effect on the Condition of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Integrated Defense Technologies Inc)

No Default or Breach. No event has occurred and is continuing or would result from the incurring of obligations by the Company Holdings and its Subsidiaries under the Note Transaction Documents which constitutes or, with the giving of notice or lapse of time or both, would constitute an Event of Default. Neither the Company Holdings nor any of its Subsidiaries is in default under or with respect to any Contractual Obligation which default, individually or in any material respectthe aggregate, would result in a Material Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Aviall Inc)

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No Default or Breach. No event has occurred and is continuing or -------------------- would result from the incurring of obligations by the Company and its Subsidiaries under the Transaction Documents which constitutes or, with the giving of notice or lapse of time or both, would constitute an Event of Default. Neither the Company nor any of its Subsidiaries is in default under or with respect to any Contractual Obligation in any material respect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bankvest Capital Corp)

No Default or Breach. No event has occurred and is continuing or -------------------- would result from the incurring of obligations by the Company and its Subsidiaries under the Transaction Documents or the Acquisition Documents which constitutes or, with the giving of notice or lapse of time or both, would constitute an Event of Default. Neither the Company nor any of its Subsidiaries is in default under or with respect to any Contractual Obligation in any material respect.

Appears in 1 contract

Samples: Common Stock (Nitinol Medical Technologies Inc)

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