Common use of Compliance with Laws; No Defaults Clause in Contracts

Compliance with Laws; No Defaults. Except as would not have a Material Adverse Effect, the business and operations of Skylab has been and is being conducted in accordance with all applicable Laws and all applicable Orders of all Governmental Authorities. Except as would not have a Material Adverse Effect, Skylab 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 Skylab is a party or by which any of Skylab's properties, assets or rights are bound or affected. To the knowledge of Skylab, no other party to any material contract, agreement, lease, license, commitment, instrument or other obligation to which Skylab is a party is (with or without notice or lapse of time or both) in default thereunder or in breach of any term thereof. Skylab is not subject to any obligation or restriction of any kind or character, nor is there, to the knowledge of Skylab, any event or circumstance relating to Skylab that materially and adversely affects in any way its business, properties, assets or prospects or that 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; No Defaults. Except as would not have a Material Adverse Effect, the business and operations of Skylab Youchange has been and is being conducted in accordance with all applicable Laws and all applicable Orders of all Governmental Authorities. Except as would not have a Material Adverse Effect, Skylab Youchange 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 Skylab Youchange is a party or by which any of SkylabYouchange's properties, assets or rights are bound or affected. To the knowledge of SkylabYouchange, no other party to any material contract, agreement, lease, license, commitment, instrument or other obligation to which Skylab Youchange is a party is (with or without notice or lapse of time or both) in default thereunder or in breach of any term thereof. Skylab Youchange is not subject to any obligation or restriction of any kind or character, nor is there, to the knowledge of SkylabYouchange, any event or circumstance relating to Skylab Youchange that materially and adversely affects in any way its business, properties, assets or prospects or that 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; No Defaults. Except as would not have a Material Adverse Effect, the business and operations of Skylab Front Row has been and is being conducted in accordance with all applicable Laws and all applicable Orders of all Governmental Authorities. Except as would not have a Material Adverse Effect, Skylab Front Row 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 Skylab Front Row is a party or by which any of SkylabFront Row's properties, assets or rights are bound or affected. To the knowledge of SkylabFront Row, no other party to any material contract, agreement, lease, license, commitment, instrument or other obligation to which Skylab Front Row is a party is (with or without notice or lapse of time or both) in default thereunder or in breach of any term thereof. Skylab Front Row is not subject to any obligation or restriction of any kind or character, nor is there, to the knowledge of SkylabFront Row, any event or circumstance relating to Skylab Front Row that materially and adversely affects in any way its business, properties, assets or prospects or that 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.