Common use of NATURE OF CONTRACTS Clause in Contracts

NATURE OF CONTRACTS. All of the Contractual Obligations of Clinserve and the Subsidiary at the Completion Date are enforceable against Clinserve and the Subsidiary, the other parties thereto, in accordance with their terms; except for Contractual Obligations the failure of which to be so enforceable does not and shall not, individually or in the aggregate, result in a Material Adverse Effect. Except for breaches, defaults and liabilities which do not and shall not individually or in the aggregate result in a Material Adverse Effect, neither Clinserve nor the Subsidiary is now in default, and no event has occurred which with notice or lapse of time or both would constitute a default under, nor are there any liabilities arising from any breach or default by any of them or event which with notice or lapse of time or both would constitute a default by any of them prior to the Completion Date of, any provision of any such Contractual Obligation.

NATURE OF CONTRACTS. All of the Contractual Obligations of Clinserve Anawa and the Subsidiary Subsidiaries at the Completion Date are enforceable against Clinserve Anawa and the SubsidiarySubsidiaries, the other parties thereto, in accordance with their terms; except for Contractual Obligations the failure of which to be so enforceable does not and shall not, individually or in the aggregate, result in a Material Adverse Effect. Except for breaches, defaults and liabilities which do not and shall not individually or in the aggregate result in a Material Adverse Effect, neither Clinserve Anawa nor any of the Subsidiary Subsidiaries is now in default, and no event has occurred which with notice or lapse of time or both would constitute a default under, nor are there any liabilities arising from any breach or default by any of them or event which with notice or lapse of time or both would constitute a default by any of them prior to the Completion Date of, any provision of any such Contractual Obligation.