Common use of Absence of Legal Conflicts Clause in Contracts

Absence of Legal Conflicts. The execution and delivery of this Agreement by Electrolinks does not, and the performance of this Agreement by such party of the transactions contemplated by this Agreement will not: 3.1.21.1 conflict with or violate the constituent documents of Electrolinks, or any resolution of the shareholders of Electrolinks; 3.1.21.2 conflict with or violate any Applicable Law; or 3.1.21.3 result in any breach of or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of an Encumbrance on any of Assets pursuant to, any note, bond, mortgage, indenture, contract, agreement, lease, license, permit, franchise or other instrument or obligation to which Electrolinks is a party in relation to the Business or by which the Business or the Assets is bound or affected, which, in any such case, would prohibit or delay such parties’ ability to perform their respective obligations under this Agreement.

Appears in 3 contracts

Samples: Business Combination Agreement (High End Ventures, Inc.), Business Combination Agreement (High End Ventures, Inc.), Business Combination Agreement (High End Ventures, Inc.)

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Absence of Legal Conflicts. The execution and delivery of this Agreement by Electrolinks Power Track and Xxxxxx does not, and the performance of this Agreement by such party parties of the transactions contemplated by this Agreement will not: 3.1.21.1 3.1.20.1 conflict with or violate the constituent documents of ElectrolinksPower Track or Xxxxxx, or any resolution of the directors or shareholders of Electrolinksthereof; 3.1.21.2 3.1.20.2 conflict with or violate any Applicable Law; or 3.1.21.3 3.1.20.3 result in any breach of or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of an Encumbrance on any of Assets pursuant to, any note, bond, mortgage, indenture, contract, agreement, lease, license, permit, franchise or other instrument or obligation to which Electrolinks is Xxxxxx or Power Track are a party in relation to the Business or by which the Business or the Assets is bound or affected, which, in any such case, would prohibit or delay such parties’ ability to perform their respective obligations under this Agreement.

Appears in 1 contract

Samples: Share Exchange Agreement (Infrastructure Developments Corp.)

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Absence of Legal Conflicts. The execution and delivery of this Agreement by Electrolinks the Sellers and Providence does not, and the performance of this Agreement by such party parties of the transactions contemplated by this Agreement will not: 3.1.21.1 conflict with or violate the constituent documents of ElectrolinksProvidence, or any resolution of the shareholders managers or unit holders of ElectrolinksProvidence; 3.1.21.2 conflict with or violate any Applicable Law; or 3.1.21.3 result in any breach of or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of an Encumbrance on any of Assets pursuant to, any note, bond, mortgage, indenture, contract, agreement, lease, license, permit, franchise or other instrument or obligation to which Electrolinks the Sellers or Providence is a party in relation to the Business or by which the Business or the Assets is bound or affected, which, in any such case, would prohibit or delay such parties’ ability to perform their respective obligations under this Agreement.

Appears in 1 contract

Samples: Securities Exchange Agreement (Healthbridge Inc)

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