Common use of Absence of Restrictions and Conflicts Clause in Contracts

Absence of Restrictions and Conflicts. The execution, delivery and performance of this Agreement, the consummation of the transactions contemplated hereby and thereby and the fulfillment of and compliance with the terms and conditions hereof and thereof do not or shall not (as the case may be), with the passing of time or the giving of notice or both, violate or conflict with, constitute a breach of or default under, result in the loss of any benefit under, permit the acceleration of any obligation under or create in any party the right to terminate, modify or cancel, (a) any contract, will, agreement, permit, franchise, license or other instrument applicable to the Equity Holder, (b) any judgment, decree or order of any Governmental Entity to which the Equity Holder is a party or by which the Equity Holder or any of their respective properties are bound or (c) any law or arbitration award applicable to the Equity Holder.

Appears in 2 contracts

Samples: Reorganization Agreement (Consolidated Communications Holdings, Inc.), Reorganization Agreement (Consolidated Communications Illinois Holdings, Inc.)

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Absence of Restrictions and Conflicts. The execution, delivery and performance of this AgreementAgreement and the Member Ancillary Documents, the consummation of the transactions contemplated hereby and thereby Transactions and the fulfillment of and compliance with the terms and conditions hereof and thereof do not or shall not (not, as the case may be), with the passing of time or the giving of notice or both, violate or conflict with, constitute a breach of or default under, result in the loss of any benefit under, permit the acceleration of any obligation under or create in any party the right to terminate, modify or cancel, cancel (a) any contract, will, agreement, permit, franchise, license or other instrument applicable to the Equity Holdersuch Member, (b) any judgment, decree or order of any Governmental Entity to which the Equity Holder such Member is a party or by which the Equity Holder such Member or any of their respective its properties are bound bound, or (c) any law Law or arbitration award applicable to the Equity Holdersuch Member.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement, Membership Interest Purchase Agreement (McBc Holdings, Inc.)

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Absence of Restrictions and Conflicts. The execution, delivery and performance of this AgreementAgreement and the Ancillary Documents, the consummation of the transactions contemplated hereby and thereby Transactions and the fulfillment of and compliance with the terms and conditions hereof and thereof do not or shall not (not, as the case may be), with the passing of time or the giving of notice or both, violate or conflict with, constitute a breach of or default under, result in the loss of any benefit under, permit the acceleration of any obligation under or create in any party the right to terminate, modify or cancel, cancel (a) any contract, will, agreement, permit, franchise, license or other instrument applicable to the Equity Holdersuch Member, (b) any judgment, decree or order of any Governmental Entity Authority to which the Equity Holder such Member is a party or by which the Equity Holder such Member or any of their respective its properties are bound bound, or (c) any law Law or arbitration award applicable to the Equity Holdersuch Member.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (CLS Holdings USA, Inc.), Membership Interest Purchase Agreement

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