Common use of No Defaults, Etc Clause in Contracts

No Defaults, Etc. The Company has in all material respects performed all the obligations required to be performed by it to date and is not in material default or, to the best knowledge of the Company, alleged to be in material default under: (a) its Certificate or by-laws; or (b) any material agreement, lease, contract, commitment, instrument or obligation to which the Company is a party or by which any of its properties, assets or rights are or may be bound or affected, and, to the best knowledge of the Company, there exists no event, condition or occurrence which, with or without due notice or lapse of time, or both, would constitute such a default by it of any of the foregoing. To the best knowledge of the Company, no current customer has notified, or expressed an intention to notify, the Company that such customer will materially reduce the dollar amount of business it will do with the Company or cease doing business with the Company under circumstances where such notification or intention has been reported to an officer of the Company.

No Defaults, Etc. The Company has in all material respects ---------------- performed all the obligations required to be performed by it to date and is not in material default or, to the best knowledge of the Company, alleged to be in material default under: (a) its Certificate or by-laws; or (b) any material agreement, lease, contract, commitment, instrument or obligation to which the Company is a party or by which any of its properties, assets or rights are or may be bound or affected, and, to the best knowledge of the Company, there exists no event, condition or occurrence which, with or without due notice or lapse of time, or both, would constitute such a default by it of any of the foregoing. To the best knowledge of the Company, no current customer has notified, or expressed an intention to notify, the Company that such customer will materially reduce the dollar amount of business it will do with the Company or cease doing business with the Company under circumstances where such notification or intention has been reported to an officer of the Company.