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

Compliance with Laws, Other Instruments. No Conflicts, etc. (a) Except as set forth in Schedule 2.5, neither the Company nor any Subsidiary is (i) in violation of any term or provision of its corporate charter or by-laws or (ii) in violation of or default under (A) any term or provision of any agreement, indenture, mortgage, instrument, permit or license to which it is a party or by which it or any of its properties may be bound or affected or (B) to the Company's knowledge, any existing statute, law, governmental rule, regulation or ordinance, or any order of any court, arbitrator or Governmental Body applicable to it or its properties (including, without limitation, any statute, law, rule, regulation, ordinance or order relating to occupational health and safety standards, or equal employment practice requirements), the consequences of which violation or default, either in any one case or taken together with all other such violations or defaults, (x) could have a Material Adverse Effect or (y) could materially and adversely affect the ability of the Company to perform its obligations under this Agreement or any Exhibit to which it is a party. (b) Except as set forth in Schedule 2.5, neither the execution, delivery or performance by the Company of this Agreement or any other Exhibit to which it is a party, nor compliance by the Company with the respective terms hereof and thereof, as the case may be, will result in (i) any violation of or be in conflict with or constitute a default under (A) any term or provision of the corporate charter or by-laws of the Company or any Subsidiary, (B) any term or provision of any agreement, indenture, mortgage, instrument, permit or license to which it is a party or by which it or any of its properties may be bound or affected, or (C) to the Company's knowledge, any existing statute, law, governmental rule, regulation or ordinance, or any order of any court, arbitrator or Governmental Body applicable to it or its properties, or (ii) the creation of (or impose any obligation on the Company or any Subsidiary to create) any lien upon any of the properties or assets of the Company or any Subsidiary.

Appears in 2 contracts

Samples: Securities Purchase and Exchange Agreement (White Owl Investors LLC), Securities Purchase and Exchange Agreement (Ponder Industries Inc)

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Compliance with Laws, Other Instruments. No Conflicts, etc. (a) Except as set forth in Schedule 2.5, neither the Company nor any Subsidiary is (i) in violation of any term or provision of its corporate charter or by-laws or (ii) in violation of or default under (A) any term or provision of any agreement, indenture, mortgage, instrument, permit or license to which it is a party or by which it or any of its properties may be bound or affected or (B) to the Company's knowledge, any existing statute, law, governmental rule, regulation or ordinance, or any order of any court, arbitrator or Governmental Body applicable to it or its properties (including, without limitation, any statute, law, rule, regulation, ordinance or order relating to occupational health and safety standards, or equal employment practice requirements), the consequences of which violation or default, either in any one case or taken together with all other such violations or defaults, (x) could have a Material Adverse Effect or (y) could materially and adversely affect the ability of the Company to perform its obligations under this Agreement Agreement, the Senior Notes, the Warrants or any other Exhibit to which it the Company is a party. (b) Except as set forth in Schedule 2.5, neither the execution, delivery or performance by the Company of this Agreement Agreement, the Senior Notes or the Warrants (including, without limitation, the issuance of Common Stock pursuant to the Senior Notes or the Warrants), or any other Exhibit to which it is a party, nor compliance by the Company with the respective terms hereof and thereof, as the case may be, thereof will result in (i) any violation of or be in conflict with or constitute a default under (A) any term or provision of the corporate charter or by-laws of the Company or any Subsidiary, (B) any term or provision of any agreement, indenture, mortgage, instrument, permit or license to which it is a party or by which it or any of its properties may be bound or affected, or (C) to the Company's knowledge, any existing statute, law, governmental rule, regulation or ordinance, or any order of any court, arbitrator or Governmental Body applicable to it or its properties, or (ii) the creation of (or impose any obligation on the Company or any Subsidiary to create) any lien upon any of the properties or assets of the Company or any Subsidiary.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ponder Industries Inc)

Compliance with Laws, Other Instruments. No Conflicts, etcetc . (a) Except as set forth in Schedule 2.5, neither the Company nor any Subsidiary is (i) in violation of any term or provision of its corporate charter or by-laws or (ii) in violation of or default under (A) any term or provision of any agreement, indenture, mortgage, instrument, permit or license to which it is a party or by which it or any of its properties may be bound or affected or (B) to the Company's knowledge, any existing statute, law, governmental rule, regulation or ordinance, or any order of any court, arbitrator or Governmental Body applicable to it or its properties (including, without limitation, any statute, law, rule, regulation, ordinance or order relating to occupational health and safety standards, or equal employment practice requirements), the consequences of which violation or default, either in any one case or taken together with all other such violations or defaults, (x) could have a Material Adverse Effect or (y) could materially and adversely affect the ability of the Company to perform its obligations under this Agreement Agreement, the Senior Notes, the Warrants or any other Exhibit to which it the Company is a party. (b) Except as set forth in Schedule 2.5, neither the execution, delivery or performance by the Company of this Agreement Agreement, the Senior Notes or the Warrants (including, without limitation, the issuance of Common Stock pursuant to the Senior Notes or the Warrants), or any other Exhibit to which it is a party, nor compliance by the Company with the respective terms hereof and thereof, as the case may be, thereof will result in (i) any violation of or be in conflict with or constitute a default under (A) any term or provision of the corporate charter or by-laws of the Company or any Subsidiary, (B) any term or provision of any agreement, indenture, mortgage, instrument, permit or license to which it is a party or by which it or any of its properties may be bound or affected, or (C) to the Company's knowledge, any existing statute, law, governmental rule, regulation or ordinance, or any order of any court, arbitrator or Governmental Body applicable to it or its properties, or (ii) the creation of (or impose any obligation on the Company or any Subsidiary to create) any lien upon any of the properties or assets of the Company or any Subsidiary.

Appears in 1 contract

Samples: Securities Purchase Agreement (White Owl Capital Partners)

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Compliance with Laws, Other Instruments. No Conflicts, etc.. --------------------------------------- (a) Except as set forth in Schedule 2.5, neither Neither the Company nor any Subsidiary is (i) , subject to Schedule 2.5, in violation of any term or provision of its corporate charter ------------ or by-laws or (ii) in violation of or default under (A) any term or provision of any agreement, indenture, mortgage, instrument, permit or license to which it is a party or by which it or any of its properties may be bound or affected or (B) to the Company's knowledge, subject to Schedule 2.5 and Schedule 2.1 (a), any ------------ ---------------- existing statute, law, governmental rule, regulation or ordinance, or any order of any court, arbitrator or Governmental Body applicable to it or its properties (including, without limitation, any statute, law, rule, regulation, ordinance or order relating to occupational health and safety standards, or equal employment practice requirements), the consequences of which violation or default, either in any one case or taken together with all other such violations or defaults, (x) could have a Material Adverse Effect or (y) could materially and adversely affect the ability of the Company to perform its obligations under this Agreement Agreement, the Series A Convertible Preferred Stock, the Replacement Warrants or any other Exhibit to which it the Company is a party. (b) Except as set forth in Schedule 2.5, neither Neither the execution, delivery or performance by the Company of this Agreement Agreement, the Securities, or any other Exhibit to which it is a party, nor compliance by the Company with the respective terms hereof and thereof, as the case may be, thereof will result in (i) any violation of or be in conflict with or constitute a default under (A) any term or provision of the corporate charter or by-laws of the Company or any Subsidiary, (B) any term or provision of any agreement, indenture, mortgage, instrument, permit or license to which it is a party or by which it or any of its properties may be bound or affected, or (C) to the Company's knowledge, any existing statute, law, governmental rule, regulation or ordinance, or any order of any court, arbitrator or Governmental Body applicable to it or its properties, or (ii) the creation of (or impose any obligation on the Company or any Subsidiary to create) any lien upon any of the properties or assets of the Company or any Subsidiary.

Appears in 1 contract

Samples: Securities Purchase and Exchange Agreement (Flotek Industries Inc/Cn/)

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