Common use of Breach of Statute or Contract Clause in Contracts

Breach of Statute or Contract. (a) The execution, delivery and performance of this Agreement by Buyer and the consummation of the transactions contemplated hereby will not: (i) violate or conflict with any provision of the Certificate of Incorporation or by-laws of Buyer; (ii) violate or conflict with, result in the breach or termination of or otherwise give any other contracting party the right to terminate, or constitute a default (or an event which, with the lapse of time, or the giving of notice, or both, will constitute a default) under, any contract or other instrument to which Buyer is a party; or (iii) violate or conflict with any judgment, order, writ, injunction or decree of any court or governmental body of any jurisdiction applicable to Buyer (excluding any judgments, orders, injunctions, decrees or awards in any actions or proceedings involving Seller or its affiliates) or, to the knowledge of Buyer, any law or regulation materially adversely affecting Buyer's ability to consummate the transaction contemplated by this Agreement. (b) Except as provided in Schedule 5.3(b), there are no notices, licenses, consents, permissions or approvals of any nature whatsoever which are required to be obtained by Buyer from any Federal, state or local governmental or regulatory body or other third party or, to Buyer's knowledge, from any foreign governmental or regulatory body for the consummation of the transactions contemplated by this Agreement, or as a condition to the sale, assignment and transfer of the Trademark Assets to be effected hereunder.

Appears in 2 contracts

Samples: Foreign Boss Rights Acquisition Agreement (Ic Isaacs & Co Inc), Foreign Boss Rights Acquisition Agreement (Ic Isaacs & Co Inc)

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Breach of Statute or Contract. (a) The execution, delivery and performance of this Option Agreement by Buyer and the consummation of the transactions contemplated hereby will not: (i) violate or conflict with any provision of the Certificate of Incorporation or by-laws of Buyer; (ii) violate or conflict with, result in the breach or termination of or otherwise give any other contracting party the right to terminate, or constitute a default (or an event which, with the lapse of time, or the giving of notice, or both, will constitute a default) under, any contract or other instrument to which Buyer is a party; or (iii) violate or conflict with any judgment, order, writ, injunction or decree of any court or governmental body of any jurisdiction applicable to Buyer (excluding any judgments, orders, injunctions, decrees or awards in any actions or proceedings involving Seller or its affiliates) or, to the knowledge of Buyer, any law or regulation materially adversely affecting Buyer's ability to consummate the transaction transactions contemplated by this Option Agreement. (b) Except as provided in Schedule 5.3(b), there There are no notices, licenses, consents, permissions or approvals of any nature whatsoever which are required to be obtained by Buyer from any Federal, state or local governmental or regulatory body or other third party or, to Buyer's knowledge, from any foreign governmental or regulatory body for the consummation of the transactions contemplated by this Option Agreement, or as a condition to the sale, assignment and transfer of the Trademark Assets to be effected hereunder.

Appears in 2 contracts

Samples: Foreign Boss Rights Acquisition Agreement (Ic Isaacs & Co Inc), Option Agreement (Ic Isaacs & Co Inc)

Breach of Statute or Contract. (a) The execution, delivery and performance of this Agreement by Buyer and the consummation of the transactions contemplated hereby will not: (i) violate or conflict with any provision of the Certificate certificate of Incorporation or by-laws limited partnership and other organizational documents of Buyer; (ii) violate or conflict with, result in the breach or termination of or otherwise give any other contracting party the right to terminate, or constitute a default (or an event which, with the lapse of time, or the giving of notice, or both, will constitute a default) under, any contract or other instrument to which Buyer is a party; or (iii) violate or conflict with any judgment, order, writ, injunction or decree of any court or governmental body of any jurisdiction applicable to Buyer (excluding any judgments, orders, injunctions, decrees or awards in any actions or proceedings involving Seller or its affiliates) or, to the knowledge of Buyer, any law or regulation materially adversely affecting Buyer's ability to consummate the transaction contemplated by this Agreement. (b) Except as provided in Schedule 5.3(b5.3(B), there are no notices, licenses, consents, permissions or approvals of any nature whatsoever which are required to be obtained by Buyer from any Federal, state or local governmental or regulatory body or other third party or, to Buyer's knowledge, from any foreign governmental or regulatory body for the consummation of the transactions contemplated by this Agreement, or as a condition to the sale, assignment and transfer of the Trademark Assets to be effected hereunder.

Appears in 2 contracts

Samples: Worldwide Rights Acquisition Agreement (Ic Isaacs & Co Inc), Worldwide Rights Acquisition Agreement (Ic Isaacs & Co Inc)

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Breach of Statute or Contract. (a) The execution, delivery and performance of this Agreement by Buyer the Selling Parties and the consummation of the transactions contemplated hereby will not: (i) violate or conflict with any provision of the Certificate of Incorporation charter documents or by-laws of BuyerSeller; (ii) violate or conflict with, result in the breach or termination of or otherwise give any other contracting party the right to terminate, or constitute a default (or an event which, with the lapse of time, or the giving of notice, or both, will constitute a default) under, any contract or other instrument to which Buyer either Selling Party is a party; party and which relate to the Trademark Assets or by which either Selling Party is bound, or result in the creation of any Encumbrance upon any of the Trademark Assets pursuant to the terms of any such contract or instrument, or (iii) violate or conflict with any judgment, order, writ, injunction or decree of any court or governmental body of any jurisdiction applicable to Buyer either Selling Party (excluding any judgments, orders, injunctionswrits, injunctions or decrees or awards in any actions or proceedings involving Seller Hugo Boss or its affiliates) or, to the knowledge of BuyerSeller, any law or regulation materially adversely affecting Buyer's ability to consummate exploit the transaction contemplated by this AgreementTrademark Assets. (b) Except as provided in set forth on Schedule 5.3(b4.3(b), there are no notices, licenses, consents, permissions or approvals of any nature whatsoever which are required to be obtained by Buyer Seller from any Federal, state or local governmental or regulatory body or other third party or, to BuyerSeller's knowledge, from any foreign governmental or regulatory body for the consummation of the transactions contemplated by this Agreement, or as a condition to the sale, assignment and transfer of the Trademark Assets to be effected hereunder.

Appears in 1 contract

Samples: Worldwide Rights Acquisition Agreement (Ic Isaacs & Co Inc)

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