Contract Defaults. OWHC is not in default under the terms of any outstanding contract, agreement, lease or other commitment and there is no event of default under any such contract, agreement, lease or other commitment in respect of which OWHC has not taken adequate steps to prevent such a default from occurring.
Appears in 2 contracts
Sources: Purchase and Sale of Capital Stock Agreement (Ocean West Holding Corp), Purchase and Sale of Capital Stock Agreement (Consumer Direct of America)