Contract Defaults. To the best of AAI's knowledge and belief, AAI is not in default in any respect under the terms of any outstanding contract, agreement, lease or other commitment which is material to the business, operations, properties, assets or condition of AAI, and there is no event of default in any respect under any such contract, agreement, lease or other commitment in respect of which AAI has not taken adequate steps to prevent such a default from occurring.
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization (Above Average Investments LTD), Agreement and Plan of Reorganization (Above Average Investments LTD)