Common use of Compliance with Applicable Laws and Other Instruments Clause in Contracts

Compliance with Applicable Laws and Other Instruments. To the knowledge of the Company, the business and operations of the Company have been and are being conducted in accordance with all applicable laws, rules and regulations of all governmental authorities. To the knowledge of the Company neither the execution nor delivery of, nor the performance of or compliance with, this Agreement nor the consummation of the transactions contemplated hereby will conflict with, or, with or without the giving of notice or passage of time, result in any breach of, or constitute a default under, or result in the imposition of any lien or encumbrance upon any asset or property of the Company pursuant to, any applicable law, administrative regulation or judgment, order or decree of any court or governmental body, any agreement or other instrument to which the Company is a party or by which it or any of its properties, assets or rights is bound or affected, and will not violate the Articles of Incorporation or Bylaws of the Company. The Company is not in violation of its Articles of Incorporation or its Bylaws nor, to the knowledge of the Company, in violation of, or in default under, any lien, indenture, mortgage, lease, agreement, instrument, commitment or arrangement in any material respect. To the knowledge of the Company all parties having material contractual arrangements with the Company are in substantial compliance therewith and none are in material default in any respect thereunder.

Compliance with Applicable Laws and Other Instruments. To the knowledge best of ----------------------------------------------------- the Company's knowledge, the business and operations of the Company have been and are being conducted in all material respects in accordance with all applicable laws, rules and regulations of all governmental authorities. To the knowledge of the Company neither Neither the execution nor delivery of, nor the performance of or compliance with, this Agreement agreement nor the consummation of the transactions contemplated hereby will conflict with, orwill, with or without the giving of notice or passage of time, result in any breach of, or constitute a default under, or result in the imposition of any lien or encumbrance upon any asset or property of the Company pursuant to, any applicable law, administrative regulation or judgment, order or decree of any court or governmental body, any agreement or other instrument to which the Company is a party or by which it or any of its properties, assets or rights is bound or affected, and will not violate the Articles articles of Incorporation incorporation or Bylaws bylaws of the Company. The Company is not in violation of its Articles articles of Incorporation incorporation or its Bylaws nor, to the knowledge of the Company, bylaws nor in material violation of, or in material default under, any lien, indenture, mortgage, lease, agreement, instrument, commitment or arrangement in any material respect. To the knowledge of the The Company all parties having material contractual arrangements with the Company are in substantial compliance therewith and none are in material default in is not subject to any respect thereunderrestriction which would prohibit it from entering into or performing its obligations under this agreement.

Compliance with Applicable Laws and Other Instruments. To the knowledge best of ------------------------------------------------------- the Company's knowledge, the business and operations of the Company have been and are being conducted in all material respects in accordance with all applicable laws, rules and regulations of all governmental authorities. To the knowledge of the Company neither Neither the execution nor delivery of, nor the performance of or compliance with, this Agreement agreement nor the consummation of the transactions contemplated hereby will conflict with, orwill, with or without the giving of notice or passage of time, result in any breach of, or constitute a default under, or result in the imposition of any lien or encumbrance upon any asset or property of the Company pursuant to, any applicable law, administrative regulation or judgment, order or decree of any court or governmental body, any agreement or other instrument to which the Company is a party or by which it or any of its properties, assets or rights is bound or affected, and will not violate the Articles articles of Incorporation incorporation or Bylaws bylaws of the Company. The Company is not in violation of its Articles articles of Incorporation incorporation or its Bylaws nor, to the knowledge of the Company, bylaws nor in material violation of, or in material default under, any lien, indenture, mortgage, lease, agreement, instrument, commitment or arrangement in any material respect. To the knowledge of the The Company all parties having material contractual arrangements with the Company are in substantial compliance therewith and none are in material default in is not subject to any respect thereunderrestriction which would prohibit it from entering into or performing its obligations under this agreement.