Agreement Authorized and its Effect on Other Obligations. The consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary corporate action on the part of AMCI and this Agreement is a valid and binding obligation of AMCI enforceable against AMCI in accordance with its terms, except as enforceability may be limited by (i) bankruptcy, insolvency, reorganization, debtor relief or similar laws affecting the rights of creditors generally, and (ii) general principles of equity. At the Closing Date, the consummation of the transactions contemplated hereby will not conflict with or result in a violation or breach of any term or provision of, nor constitute a default under (i) the certificate of incorporation or bylaws of AMCI or (ii) any indenture, mortgage, deed of trust, lease, contract or other agreement to which AMCI or any of its subsidiaries is a party or by which any of them or their properties are bound, other than such violations, breaches or defaults as could not reasonably be expected to have a Material Adverse Effect on AMCI.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (American Millennium Corp Inc), Agreement and Plan of Reorganization (American Millennium Corp Inc), Agreement and Plan of Reorganization (American Millennium Corp Inc)
