Common use of No Contractual Defaults Clause in Contracts

No Contractual Defaults. Except as disclosed on Schedule 2.1(aa), there are no defaults by any EQR Party or, to the knowledge of Owner, by any other Person under any contract to which any EQR Party is a party relating to any Property, including any management, rental, service, supply, security, maintenance or similar contract, that either (i) individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, or (ii) involves, in any individual instance, an actual or potential disputed amount that is equal to or greater than $25,000. No EQR Party or to the knowledge of Owner, any other person has received notice or has any knowledge of any existing circumstances in respect of which it could receive any notice of default or breach in respect of any contracts affecting or concerning any Property, that either (i) individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, or (ii) involves, in any individual instance, an actual or potential disputed amount that is equal to or greater than $25,000.

No Contractual Defaults. Except as disclosed on Schedule 2.1(aa)2.1.28, there are no defaults by any EQR Ambassador Party or, to the knowledge of Owner, by any other Person under any contract to which any EQR Ambassador Party is a party relating to any Property, including any management, rental, service, supply, security, maintenance or similar contract, that either (i) individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, or (ii) involves, in any individual instance, an actual or potential disputed amount that is equal to or greater than $25,000. No EQR Ambassador Party or to the knowledge of Owner, any other person Person has received notice or has any knowledge of any existing circumstances in respect of which it could receive any notice of default or breach in respect of any contracts affecting or concerning any Property, that either (i) individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, or (ii) involves, in any individual instance, an actual or potential disputed amount that is equal to or greater than $25,000.