Common use of Open Orders Clause in Contracts

Open Orders. SCHEDULE 4.18 sets forth a list of all Open Orders as of the Closing Date. All Open Orders as of the Closing Date are valid, binding and in full force and effect and neither Seller nor the other party thereto is in default thereunder. None of the Open Orders as of the Closing Date contains any provision giving any party thereto the right to terminate the Open Order by reason of the execution of this Agreement or the consummation of the transactions contemplated herein, and none of the terms of any Open Order will be altered by reason of the execution of this Agreement or the consummation of the transactions contemplated herein.

Open Orders. SCHEDULE Schedule 4.18 sets forth a list of all Open Orders as of the Closing Date. All Open Orders as of the Closing Date are valid, binding and in full force and effect and neither Seller nor the other party thereto is in default thereunder. None of the Open Orders as of the Closing Date contains any provision giving any party thereto the right to terminate the Open Order by reason of the execution of this Agreement or the consummation of the transactions contemplated herein, and none of the terms of any Open Order will be altered by reason of the execution of this Agreement or the consummation of the transactions contemplated herein.