Common use of Ability to Carry Out Obligations Clause in Contracts

Ability to Carry Out Obligations. The execution and delivery of this Agreement by Purchaser and the performance by Purchaser of its obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation of any of the provisions of or constitute a default under any license, indenture, mortgage, charter, instrument, certificate of incorporation, bylaw, or other agreement or instrument to which Purchaser is a party, or by which it may be bound, nor will any consents or authorizations of any party other than those hereto be required, (b) an event that would permit any party to any agreement or instrument to terminate it or to accelerate the maturity of any indebtedness or other obligation of Purchaser, or (c) an event that would result in the creation or imposition of any lien, charge, or encumbrance on any asset of Purchaser.

Appears in 6 contracts

Samples: Purchase Agreement (Capco Energy Inc), Purchase Agreement (Capco Energy Inc), Stock Purchase Agreement (Associated Automotive Group Inc)

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Ability to Carry Out Obligations. The execution and delivery of this Agreement by Purchaser Seller and the performance by Purchaser Seller of its obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation of any of the provisions of or constitute a default under any license, indenture, mortgage, charter, instrument, certificate of incorporation, bylaw, or other agreement or instrument to which Purchaser Seller is a party, or by which it may be bound, nor will any consents or authorizations of any party other than those hereto be required, (b) an event that would permit any party to any agreement or instrument to terminate it or to accelerate the maturity of any indebtedness or other obligation of PurchaserSeller, or (c) an event that would result in the creation or imposition of any lien, charge, or encumbrance on any asset of PurchaserSeller.

Appears in 6 contracts

Samples: Purchase Agreement (Capco Energy Inc), Purchase Agreement (Capco Energy Inc), Purchase Agreement (Capco Energy Inc)

Ability to Carry Out Obligations. The execution and delivery of this Agreement by Purchaser and the performance by Purchaser of its obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation of any of the provisions of or constitute a default under any license, indenture, mortgage, charter, instrument, certificate of incorporation, bylaw, or other agreement or instrument to which Purchaser is a party, or by which it may be bound, nor will any consents or authorizations of any party other than those hereto be required, (b) an event that would permit any party to any agreement or instrument to terminate it or to accelerate the maturity of any indebtedness or other obligation of or Purchaser, or (c) an event that would result in the creation or imposition of any lien, charge, or encumbrance on any asset of Purchaser.

Appears in 2 contracts

Samples: Agreement (Meteor Industries Inc), Stock Exchange Agreement (Capco Energy Inc)

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Ability to Carry Out Obligations. The execution and delivery of this Agreement by Purchaser Buyer and the performance by Purchaser Buyer of its obligations hereunder will not cause, constitute, constitute or conflict with or result in (a) any any, breach or violation of any of the provisions of or constitute a default under any license, indenture, mortgage, charter, instrument, certificate of incorporation, bylaw, or other agreement or instrument to which Purchaser Buyer is a party, or by which it may be bound, nor will any consents or authorizations of any party other than those hereto be required, (b) an event that would permit any party to any agreement or instrument to terminate it or to accelerate the maturity of any indebtedness or other obligation of PurchaserBuyer, or (c) an event that would result in the creation or imposition of any lien, charge, or encumbrance on any asset of PurchaserBuyer.

Appears in 1 contract

Samples: Stock Purchase Agreement (Darwin Resources Corp.)

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