Common use of No Material Defaults Clause in Contracts

No Material Defaults. The Company has not defaulted on any installment on indebtedness for borrowed money or on any rental or one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or one or more long-term leases.

Appears in 2 contracts

Sources: Underwriting Agreement (Stellus Capital Investment Corp), Underwriting Agreement (Stellus Capital Investment Corp)

No Material Defaults. The Company has not defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 1020-KF, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases., which defaults, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect

Appears in 2 contracts

Sources: Sales Agreement (Inspira Technologies OXY B.H.N. LTD), Sales Agreement (Jiayin Group Inc.)

No Material Defaults. The Company has not defaulted on any installment on indebtedness for borrowed money or on any rental or one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or one or more long-term leases.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Immucell Corp /De/), Securities Purchase Agreement (Immucell Corp /De/)

No Material Defaults. The Company has not defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: At the Market Issuance Sales Agreement (Cardica Inc)

No Material Defaults. The Company has not defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leasesleases or any dividend, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Atm Sales Agreement (Polar Power, Inc.)

No Material Defaults. The Neither the Company nor any Subsidiary has not defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 1020-KF, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock shares or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases.

Appears in 1 contract

Sources: At Market Issuance Sales Agreement (Sono Group N.V.)

No Material Defaults. The Company has is not defaulted in default on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would be reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases., which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect

Appears in 1 contract

Sources: Sales Agreement (Broadwind, Inc.)

No Material Defaults. The Company has not defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effectmaterial adverse effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would have a material adverse effect.

Appears in 1 contract

Sources: Sales Agreement (Graphite Bio, Inc.)

No Material Defaults. The Company has not defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases., which defaults, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect

Appears in 1 contract

Sources: Sales Agreement (Onconova Therapeutics, Inc.)

No Material Defaults. The Company has is not defaulted in default on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases., which defaults, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect

Appears in 1 contract

Sources: Sales Agreement (Helius Medical Technologies, Inc.)

No Material Defaults. The Company has not defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 10-K10‑K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Capital on Demand Sales Agreement (ARCA Biopharma, Inc.)

No Material Defaults. The Company has is not defaulted in default on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Sales Agreement (Helius Medical Technologies, Inc.)

No Material Defaults. The Company has not defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases.

Appears in 1 contract

Sources: At Market Issuance Sales Agreement (Marshall Edwards Inc)

No Material Defaults. The Company has not defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases., which is continuing, which defaults, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect

Appears in 1 contract

Sources: Sales Agreement (Panbela Therapeutics, Inc.)

No Material Defaults. The Company has not defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would could reasonably be expected to have result in a Material Adverse EffectChange. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 1020-KF (or Form 40-F), indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock shares or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Change.

Appears in 1 contract

Sources: Sales Agreement (Digi Power X Inc.)

No Material Defaults. The Company has not defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would could reasonably be expected to have result in a Material Adverse EffectChange. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 10-K10‑K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Change.

Appears in 1 contract

Sources: Sales Agreement (Cineverse Corp.)

No Material Defaults. The Neither the Company nor any Subsidiary has not defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases., which defaults, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

Appears in 1 contract

Sources: Sales Agreement (Cassava Sciences Inc)

No Material Defaults. The Neither the Company nor any Subsidiary has not defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) the Exchange Act or 15(d) of the 1934 1940 Act since the filing of its last Annual Report on Form 10N-KCSR, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would have a Material Adverse Effect.

Appears in 1 contract

Sources: At Market Issuance Sales Agreement (StoneCastle Financial Corp.)

No Material Defaults. The Company has not defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have had a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the 1934 Exchange Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental or on one or more long-term leases, which defaults, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Sales Agreement (Blonder Tongue Laboratories Inc)