Common use of Contracts and Other Documents Clause in Contracts

Contracts and Other Documents. Attached hereto as Schedule 3.11 is a complete schedule listing all documents to which the Purchaser is a party or under which it has any liability in excess of $5,000 per annum. All such contracts, documents and agreements listed on Schedule 3.11 are valid and enforceable and accurate and complete copies of such contracts, documents and agreements (or, with the consent of the Selling Shareholders forms thereof) as have been requested by the Selling Shareholders have been provided to the Selling Shareholders. Except as disclosed on Schedule 3.11 hereof, the Purchaser is not or will not be, merely with the passage of time, in default under any such contract, including those listed on Schedule 3.11. Except as specified on Schedule 3.11, there is no requirement for any contract or agreement to which the Purchaser is a party to be novated or to have the consent of the other contracting party in order for the contract or agreement to be valid, effective and enforceable by the Purchaser after the Closing as it was immediately prior thereto.