Common use of Outstanding Contracts Clause in Contracts

Outstanding Contracts. SCHEDULE 5.21 sets forth a description of all existing contracts, agreements, leases, commitments, licenses and franchises, which involve obligations or commitments by each Company of $10,000 or more and are not cancelable by such Company without penalty within 30 days (collectively "Contracts"), whether written or oral, relating to such Company, except for customer contracts which arose in the ordinary course of business. Each Company has delivered or made available to Parent true, correct and complete copies of all of the Contracts specified on SCHEDULE 5.21 which are in writing, and such schedule sets forth a complete description of all Contracts which are not in writing. All of the Contracts are in full force and effect and enforceable in accordance with their terms, except to the extent that the enforceability thereof may be subject to or affected by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium, or other laws relating to or affecting the rights of creditors generally. Except as set forth on SCHEDULE 5.21, each Company and, to the best knowledge of each Company, each other party thereto has materially performed all the obligations required to be performed by it, has received no notice of default and is not in default (with due notice or lapse of time or both) under any of the Contracts. Neither Company has any present expectation or intention of not fully performing all its obligations under each of the Contracts, and neither Company has any knowledge of any breach or anticipated breach by the other party to any of the Contracts to which such Company is a party. Except as set forth on SCHEDULE 5.21, none of the Contracts has been terminated; no notice has been given by any party thereto of any alleged default by any party thereunder; and neither Company is aware of any intention or right of any party to declare another party to any of the Contracts to be in default. Except as set forth on SCHEDULE 5.21, there exists no actual or, to the best knowledge of either Company, threatened termination, cancellation or limitation of the business relationship of such Company by any party to any of the Contracts.

Outstanding Contracts. SCHEDULE 5.21 2.22 sets forth a description of all existing contracts, agreements, leases, commitments, licenses and franchises, which involve obligations or commitments by each Company any of the Companies of Ten Thousand Dollars ($10,000 10,000) or more and are not cancelable by such Company without penalty within 30 days days, other than customer contracts entered into in the ordinary course of business (collectively "Contracts"), whether written or oral, relating to such Company, except for customer contracts which arose in the ordinary course of business. Each Company The Seller has delivered or made available to Parent the Buyer true, correct and complete copies of all of the Contracts specified on SCHEDULE 5.21 2.22 which are in writing, and such schedule sets forth a complete description of all Contracts which are not in writing. All To the best knowledge of the Seller, all of the Contracts are in full force and effect and enforceable in accordance with their terms, except to the extent that the enforceability thereof may be subject to or affected by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium, or other laws relating to or affecting the rights of creditors generally. Except as set forth on SCHEDULE 5.212.22, each Company of the Companies and, to the best knowledge of each Companythe Seller, each other party thereto has materially performed all the obligations required to be performed by itit as of the Closing Date, has received no notice of default and is not in default (with due notice or lapse of time or both) under any of the Contracts. Neither Company None of the Companies has any present expectation or intention of not fully performing all its obligations under each of the Contracts, and neither Company the Seller has any no knowledge of any breach or anticipated breach by the other party to any of the Contracts to which such Company any of the Companies is a party. Except as set forth on SCHEDULE 5.212.22, none of the Contracts has been terminated; no notice has been given by any party thereto of any alleged default by any party thereunder; and neither Company the Seller is not aware of any intention or right of any party to declare another party to any of the Contracts to be in default. Except as set forth on SCHEDULE 5.212.22, there exists no actual or, to the best knowledge of either Companythe Seller, threatened termination, cancellation or limitation of the business relationship of such Company any of the Companies by any party to any of the Contracts.

Outstanding Contracts. SCHEDULE 5.21 2.17 sets forth a description of all existing contracts, agreements, leases, commitments, licenses licenses, and franchises, relating to the Business and the Transferred Assets, which involve obligations or commitments by each Company the Seller of $10,000 1,000 or more and are not cancelable by such Company the Seller without penalty within 30 days (collectively "Contracts"), whether written or oral, relating to such Company, except for customer contracts which arose in the ordinary course of business. Each Company The Seller has delivered or made available to Parent the Buyer true, correct correct, and complete copies of all of the Contracts specified on SCHEDULE 5.21 2.17 which are in writing, and such schedule sets forth a complete description of all Contracts which are not in writing. All of the Contracts are in full force and effect and enforceable in accordance with their terms, except to the extent that the enforceability thereof may be subject to or affected by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium, or other laws relating to or affecting the rights of creditors generally. Except as set forth on SCHEDULE 5.212.17, each Company the Seller and, to the best knowledge of each Companythe Seller, each other party thereto has materially performed all the obligations required to be performed by it, has received no notice of default default, and is not in default (with due notice or lapse of time or both) under any of the Contracts. Neither Company The Seller has any no present expectation or intention of not fully performing all its obligations under each of the Contracts, and neither Company the Seller has any no knowledge of any breach or anticipated breach by the other party to any of the Contracts to which such Company the Seller is a party. Except as set forth on SCHEDULE 5.212.17, none of the Contracts has been terminated; no notice has been given by any party thereto of any alleged default by any party thereunder; and neither Company the Seller is not aware of any intention or right of any party to declare another party to any of the Contracts to be in default. Except as set forth on SCHEDULE 5.212.17, there exists no actual or, to the best knowledge of either Companythe Seller, threatened termination, cancellation cancellation, or limitation of the business relationship of such Company the Seller by any party to any of the Contracts.