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

Compliance with Laws and Other Instruments. Except as would not have a Material Adverse Effect, the business and operations of Orient Come have been and are being conducted in accordance with all applicable Laws and Orders. Except as would not have a Material Adverse Effect, Orient Come has not received notice of any violation (or any Proceeding involving an allegation of any violation) of any applicable Law or Order by or affecting Orient Come and, to the knowledge of Orient Come, no Proceeding involving an allegation of violation of any applicable Law or Order is threatened or contemplated. Except as would not have a Material Adverse Effect, Orient Come is not alleged to be, in violation of, or (with or without notice or lapse of time or both) in default under, or in breach of, any term or provision of its Organizational Documents or of any indenture, loan or credit agreement, note, deed of trust, mortgage, security agreement or other material agreement, lease, license or other instrument, commitment, obligation or arrangement to which Orient Come is a party or by which any of Orient Come’s properties, assets or rights are bound or affected. To the knowledge of Orient Come, no other party to any material contract, agreement, lease, license, commitment, instrument or other obligation to which Orient Come is a party is (with or without notice or lapse of time or both) in default there under or in breach of any term thereof. Orient Come is not subject to any obligation or restriction of any kind or character, nor is there, to the knowledge of Orient Come, any event or circumstance relating to Orient Come, that materially and adversely affects in any way its business, properties, assets or prospects or that prohibits Orient Come from entering into this Agreement or would prevent or make burdensome its performance of or compliance with all or any part of this Agreement or the consummation of the transactions contemplated hereby or thereby.

Compliance with Laws and Other Instruments. Except as would not have a Material Adverse Effect, the business and operations of Orient Come the Company have been and are being conducted in accordance with all applicable Laws and Orders. Except as would not have a Material Adverse Effect, Orient Come the Company has not received notice of any violation (or any Proceeding involving an allegation of any violation) of any applicable Law or Order by or affecting Orient Come the Company and, to the knowledge of Orient Come, the Company no Proceeding involving an allegation of violation of any applicable Law or Order is threatened or contemplated. Except as would not have a Material Adverse Effect, Orient Come the Company is not, and is not alleged to be, in violation of, or (with or without notice or lapse of time or both) in default under, or in breach of, any term or provision of its Organizational Documents or of any indenture, loan or credit agreement, note, deed of trust, mortgage, security agreement or other material agreement, lease, license or other instrument, commitment, obligation or arrangement to which Orient Come the Company is a party or by which any of Orient Comethe Company’s properties, assets or rights are bound or affected. To the knowledge of Orient Comethe Company, no other party to any material contract, agreement, lease, license, commitment, instrument or other obligation to which Orient Come the Company is a party is (with or without notice or lapse of time or both) in default there under thereunder or in breach of any term thereof. Orient Come The Company is not subject to any obligation or restriction of any kind or character, nor is there, to the knowledge of Orient Comethe Company, any event or circumstance relating to Orient Come, the Company that materially and adversely affects in any way its business, properties, assets or prospects or that prohibits Orient Come the Company from entering into this Agreement or would prevent or make burdensome its performance of or compliance with all or any part of this Agreement or the consummation of the transactions contemplated hereby or thereby.