Common use of Absence of Conflicts; Consents Clause in Contracts

Absence of Conflicts; Consents. (a) The execution and delivery by such Contributor of this Agreement and each other Transaction Document to which such Contributor is a party does not, and the consummation of the transactions contemplated hereby and thereby and the compliance by such Contributor with any of the provisions hereof and thereof does not and will not, (i) constitute a default (or an event that, with notice or lapse of time or both, would give rise to a default) under, give rise to any right of termination, cancellation, amendment or acceleration of, require payments under, or create in any party additional or greater rights or benefits under, or result in the creation of a Lien on any of the properties or assets of such Contributor, with respect to any Contract or other obligation to which such Contributor is a party or by which such Contributor or any of its assets or properties is bound or subject, except for such defaults, rights of termination, cancellation, amendment or acceleration, or Liens that would not reasonably be expected to have a Material Adverse Effect on the ability of such Contributor to perform its obligations under this Agreement or any of the other Transaction Documents to which he is a party or the business of such Contributor or (ii) conflict with or violate in any material respect any Law applicable to or binding on such Contributor or by which any of such Contributor’s assets or properties is bound or subject.

Absence of Conflicts; Consents. (a) The execution and delivery by such Contributor MCE Party of this Agreement and each other Transaction Document to which such Contributor MCE Party is a party does not, and the consummation of the transactions contemplated hereby and thereby and the compliance by such Contributor MCE Party with any of the provisions hereof and thereof does not and will not, (i) constitute a default (or an event that, with notice or lapse of time or both, would give rise to a default) under, give rise to any right of termination, cancellation, amendment or acceleration of, require payments under, or create in any party additional or greater rights or benefits under, or result in the creation of a Lien on any of the properties or assets of such ContributorMCE Party, with respect to any Contract or other obligation to which such Contributor MCE Party is a party or by which such Contributor MCE Party or any of its assets or properties is bound or subject, except for such defaults, rights of termination, cancellation, amendment or acceleration, or Liens that would not reasonably be expected to have a Material Adverse Effect material adverse effect on the ability of such Contributor MCE Party to perform its obligations under this Agreement or any of the other Transaction Documents to which he is a party or the business of such Contributor MCE Party or (ii) conflict with or violate in any material respect any Law applicable to or binding on such Contributor MCE Party or by which any of such ContributorMCE Party’s assets or properties is bound or subject.