Material Defaults. Company is not in material default, or alleged to be in default, under any material agreement, contract, lease, mortgage, commitment, instrument or obligation, and no other party to any agreement, contract, lease, mortgage, commitment, instrument or obligation to which Company is a party is in default thereunder, which default would materially and adversely affect the properties, assets, business or prospects of Company.
Appears in 3 contracts
Sources: Merger Agreement (EMAV Holdings, Inc.), Merger Agreement (Becoming Art Inc), Merger Agreement (Becoming Art Inc)