No Present Default. Except as disclosed in Schedule 5.4, all Material Contracts to which the Operating Company or Stellar Propane are a party are valid and in full force and effect and constitute legal, valid and binding obligations of the Operating Company or Stellar Propane, as applicable. Except as disclosed in Schedule 5.4, none of the Operating Company or Stellar Propane are in default under or in breach of any Material Contract, and to the Knowledge of the Sellers, no other parties to any Material Contract is in default thereunder or in breach thereof; and no event has occurred that, with the passage of time or the giving of notice, would constitute such a breach or default by the Sellers or, to the Knowledge of the Sellers, by any such other party; no claim of default thereunder have been asserted or, to the Knowledge of the Sellers, threatened.
No Present Default. Except as set forth on Schedule 6.5 hereto, all Contracts to which Seller is a party are valid and in full force and effect and constitute legal, valid and binding obligations of Seller. Except as set forth on Schedule 6.5 hereto, Seller is not in default under or in breach of any Contract, and to the Knowledge of Seller and Shareholders, no other parties to any such Contract is in default thereunder or in breach thereof; no event has occurred which, with the passage of time or the giving of notice, would constitute such a breach or default by Seller or, to the Knowledge of Seller and Shareholders, by any such other party; no claim of default thereunder has been asserted or, to the Knowledge of Seller and Shareholders, threatened; and neither Seller nor, to the Knowledge of Seller and Shareholders, any other party thereto, is seeking the renegotiation thereof.
No Present Default. Except as disclosed in Schedule 6.5 hereto, all ------------------ ------------ contracts, agreements, leases and licenses to which SELLER is a party are valid and in full force and effect and constitute legal, valid and binding obligations of SELLER. Except as disclosed in Schedule 6.5 hereto, SELLER is not in default ------------ under or in breach of any mortgage, indenture, note or other instrument or obligation for the payment of money or any contract, agreement, lease or license, and to the Knowledge of SELLER, no other parties to any such mortgage, indenture, note, instrument, obligation, contract, agreement, lease or license is in default thereunder or in breach thereof; no event has occurred which, with the passage of time or the giving of notice, would constitute such a breach or default by SELLER or, to the Knowledge of SELLER, by any such other party; no claim of default thereunder has been asserted or, to the Knowledge of SELLER, threatened; and neither SELLER nor, to the Knowledge of SELLER, any other party thereto, is seeking the renegotiation thereof.
No Present Default. Each of the Parties hereby also represent and warrant the following:
No Present Default. Except as disclosed in Schedule 3.5 ------------------ ------------ hereto, all contracts, agreements, leases and licenses to which IPCH or any of its Subsidiaries is a party, and which are material to the business of IPCH or any IPCH Subsidiary, are in full force and effect and constitute legal, valid and binding obligations of IPCH or such Subsidiary. Except as disclosed in Schedule 3.5 hereto, neither IPCH nor any of its Subsidiaries is in ------------ any material respect in default under or in breach of any mortgage, indenture, note or other instrument or obligation for the payment of money or any contract, agreement, lease or license, and to the Knowledge of IPCH, no other parties to any such mortgage, indenture, note, instrument, obligation, contract, agreement, lease or license is in default thereunder or in breach thereof in any material respect; no event has occurred which, with the passage of time or the giving of notice, would constitute such a breach or default by IPCH or any of its Subsidiaries or, to the Knowledge of IPCH, by any such other party; no claim of default thereunder has been asserted or, to the Knowledge of IPCH, threatened; and neither IPCH nor, to the Knowledge of IPCH, any other party thereto, is seeking the renegotiation thereof.
No Present Default. 11 6.6 Approvals, Licenses and Authorizations................11 6.7
No Present Default. Except as disclosed in Schedule 6.5 hereto, all Material Contracts to which United is a party are valid and in full force and effect and constitute legal, valid and binding obligations of United. Except as disclosed in Schedule 6.5 hereto, United is not in default under or in breach of any mortgage, indenture, note or other instrument or obligation for the payment of money or any Material Contract, and to the Knowledge of United, no other parties to any such mortgage, indenture, note, instrument, obligation or Material Contract is in default thereunder or in breach thereof; no event has occurred which, with the passage of time or the giving of notice, would constitute such a breach or default by United or, to the Knowledge of United, by any such other party; no claim of default thereunder has been asserted or, to the Knowledge of United, threatened; and neither United nor, to the Knowledge of United, any other party thereto, is seeking the renegotiation thereof.
No Present Default. Neither the Company nor any subsidiary of the Company is now in default (in any respect materially and adversely affecting the business, property, assets, operations or conditions, financial or otherwise, of the Company or of said subsidiary), with respect to any indenture, mortgage, deed of trust, or other agreement or instrument to which it is a party or by which it is bound.
No Present Default. All contracts, agreements, leases and licenses to which MPLS is a party are valid and in full force and effect and constitute legal, valid and binding obligations of MPLS. MPLS has disclosed, and NBI accepts, that MPLS has no license or contract rights or obligations, or any asset or interest of value, except for the modest cash balances carried on the books of MPLS.
No Present Default. All contracts, agreements, leases mineral interests or rights and licenses to which Xxxxx is a party are valid and in full force and effect and constitute legal, valid and binding obligations of Xxxxx.
