Material Defaults. Neither the Company, Trussnet nor, to the best Knowledge of the Company and Trussnet, the Chinacomm Parties is in default, or alleged to be in default, under any material agreement, contract, lease, mortgage, commitment, instrument or obligation, and to the best Knowledge of the Company and Trussnet of no other party to any agreement, contract, lease, mortgage, commitment, instrument or obligation to which the Company is a party is in default thereunder, which default would have a Materially Adversely Effect upon the properties, assets, business or prospects of the Company, Trussnet or the Chinacomm Parties.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Asia Special Situation Acquisition Corp), Stock Purchase Agreement (Asia Special Situation Acquisition Corp), Stock Purchase Agreement (China Tel Group Inc)
