Common use of Absence of Conflict Clause in Contracts

Absence of Conflict. Neither the execution and delivery of the Transaction Documents by the Seller nor the consummation of the Contemplated Transactions by the Seller will (a) violate, conflict with, result in a breach or termination of, constitute a default under or give rise to a right to terminate, amend, cancel or accelerate (or an event which, with notice or lapse of time or both, would constitute the same) (i) any Contract to which the Seller or any of its Affiliates is a party or by which any of their respective properties or assets are bound, (ii) the Certificate of Incorporation or Bylaws of the Seller or (iii) any Law, order of a Governmental Body or any other restriction of any kind or character applicable to the Seller or any of its properties or assets, or (b) result in the creation or imposition of any Encumbrance upon any Asset or any other property or asset of the Seller.

Absence of Conflict. Neither the execution and delivery of the Transaction Documents by the Seller or the Principals nor the consummation of the Contemplated Transactions by the Seller or the Principals will (a) violate, conflict with, result in a breach or termination of, constitute a default under or give rise to a right to terminate, amend, cancel or accelerate (or an event which, with notice or lapse of time or both, would constitute the same) (i) any Contract to which the Seller or any either of its Affiliates the Principals is a party or by which any of their respective properties or assets are is bound, (ii) the Certificate of Incorporation or Bylaws of the Seller or (iii) any Law, order of a Governmental Body or any other restriction of any kind or character applicable to the Seller or the Principals or any of its their respective properties or assets, or (b) result in the creation or imposition of any Encumbrance upon any Asset or any other property or asset of the SellerSeller or the Principals.

Absence of Conflict. Neither the execution and delivery of the Transaction Documents by the Seller or the Principal nor the consummation of the Contemplated Transactions by the Seller or the Principal will (a) violate, conflict with, result in a breach or termination of, constitute a default under or give rise to a right to terminate, amend, cancel or accelerate (or an event which, with notice or lapse of time or both, would constitute the same) (i) any Contract to which the Seller or any of its Affiliates the Principal is a party or by which any of their respective properties or assets are is bound, (ii) the Certificate of Incorporation or Bylaws of the Seller Seller, or (iii) any Law, order of a Governmental Body or any other restriction of any kind or character applicable to the Seller or the Principal or any of its their respective properties or assets, or (b) result in the creation or imposition of any Encumbrance upon any Asset or any other property or asset of the SellerSeller or the Principal.

Absence of Conflict. Neither the execution and delivery of the Transaction Documents by the Seller nor the consummation of the Contemplated Transactions by the Seller will (a) violate, conflict with, result in a breach or termination of, constitute a default under or give rise to a right to terminate, amend, cancel or accelerate (or an event which, with notice or lapse of time or both, would constitute the same) (i) the Articles of Incorporation or Bylaws of Seller; (ii) any Contract to which the Seller or any of its Affiliates is a party or by which any of their respective his properties or assets are is bound, (ii) the Certificate of Incorporation or Bylaws of the Seller or (iii) any Law, order of a Governmental Body or any other restriction of any kind or character applicable to the Seller or any of its his properties or assets, or (b) result in the creation or imposition of any Encumbrance upon any Asset or any other property or asset of the Seller.

Absence of Conflict. Neither the execution and delivery of the Transaction Documents by the Seller nor the consummation of the Contemplated Transactions by the Seller will (a) violate, conflict with, result in a breach or termination of, constitute a default under or give rise to a right to terminate, amend, cancel or accelerate (or an event which, with notice or lapse of time or both, would constitute the same) (i) any Contract to which the Seller or any of its Affiliates is a party or by which any of their respective its properties or assets are is bound, (ii) the Certificate of Incorporation or Bylaws of the Seller or (iii) any Law, order Law of a Governmental Body or any other restriction of any kind or character applicable to the Seller or any of its properties or assets, or (b) result in the creation or imposition of any Encumbrance upon any Asset or any other property or asset of the Seller.