Common use of Compliance with Other Instruments Clause in Contracts

Compliance with Other Instruments. Neither it nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 15 contracts

Samples: Security Agreement (Dynamic Health Products Inc), Security and Purchase Agreement (Jagged Peak, Inc.), Security Agreement (Iwt Tesoro Corp)

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Compliance with Other Instruments. Neither it nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s 's properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 12 contracts

Samples: Security and Purchase Agreement (Greenman Technologies Inc), Security Agreement (Farmstead Telephone Group Inc), Security Agreement (American Technologies Group Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (xi) any material term of its Charter or Bylaws, or (yii) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (yii), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes and Shares by the other Securities each Company pursuant hereto and theretohereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 9 contracts

Samples: Securities Purchase Agreement (Singing Machine Co Inc), Securities Purchase Agreement (Singing Machine Co Inc), Securities Purchase Agreement (Singing Machine Co Inc)

Compliance with Other Instruments. Neither it nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes Note and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 8 contracts

Samples: Security Agreement (Impart Media Group Inc), Security Agreement (Spacedev Inc), Security Agreement (Path 1 Network Technologies Inc)

Compliance with Other Instruments. Neither it Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance and sale of the Notes Note by Company and the other Securities by Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it Company or any of its Subsidiaries, their businesses its business or operations or any of their its assets or properties.

Appears in 5 contracts

Samples: Security Agreement (Comc Inc), Security Agreement (Bp International Inc), Loan Agreement (Creative Vistas Inc)

Compliance with Other Instruments. Neither it nor any of its Subsidiaries The Company is not in violation or default of (x) any term of its Charter or Bylaws, or (y) of any provision of any indebtedness, mortgage, mortgage ,indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its or any of its Subsidiary’s the properties or assets of the Company or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 4 contracts

Samples: Securities Purchase Agreement (It&e International Group), Securities Purchase Agreement (Netguru Inc), Securities Purchase Agreement (It&e International Group)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes and Securities by the other Securities Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Bio Key International Inc), Securities Exchange Agreement (Bio Key International Inc), Securities Purchase Agreement (Bio Key International Inc)

Compliance with Other Instruments. Neither it nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes Note and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s 's properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 4 contracts

Samples: Security Agreement (American Technologies Group Inc), Security Agreement (Gse Systems Inc), Security Agreement (American Technologies Group Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities Securities, if any, by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 4 contracts

Samples: Note Purchase Agreement (Biovest International Inc), Note Purchase Agreement (Biovest International Inc), Note Purchase Agreement (Biovest International Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter Certificate of Incorporation, Bylaws or Bylaws, other organizational documents or (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements Related Documents to which it is a party, and the issuance and sale of the Notes and Securities by the other Securities each pursuant hereto and thereto, Company will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Anesiva, Inc.), Securities Purchase Agreement (Interwest Partners Viii Lp), Securities Purchase Agreement (Anesiva, Inc.)

Compliance with Other Instruments. Neither it nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal non-renewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 3 contracts

Samples: Security Agreement (Accentia Biopharmaceuticals Inc), Security Agreement (Sten Corp), Security Agreement (Accentia Biopharmaceuticals Inc)

Compliance with Other Instruments. Neither it nor Except as disclosed in any of its Subsidiaries Exchange Act Filings, the Company is not in violation or default of (x) any term of its Charter or Bylaws, or (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its or any of its Subsidiary’s the properties or assets of the Company or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Clinical Data Inc), Securities Purchase Agreement (Icoria, Inc.), Securities Purchase Agreement (Clinical Data Inc)

Compliance with Other Instruments. Neither Except as set forth in Schedule 12(k), neither it nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 2 contracts

Samples: Security and Purchase Agreement (Miscor Group, Ltd.), Security and Purchase Agreement (Miscor Group, Ltd.)

Compliance with Other Instruments. Neither it nor any of its Subsidiaries is in violation or default of (x) any term of its Charter Articles or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s 's properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 2 contracts

Samples: Security Agreement (Thinkpath Inc), Security Agreement (Thinkpath Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries Subsidiary is in violation or default of (x) any term of its Charter Articles or BylawsMemorandum of Association, or (y) any material provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its or any of its Subsidiary’s the properties or assets of the Company or its Subsidiary or the suspension, revocation, impairment, forfeiture or nonrenewal non-renewal of any material permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties, except as would not be reasonably expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Bos Better Online Solutions LTD), Securities Purchase Agreement (Bos Better Online Solutions LTD)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties, in each case, which could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Coach Industries Group Inc), Securities Purchase Agreement (Coach Industries Group Inc)

Compliance with Other Instruments. Neither it nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s Subsidiaries' properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its SubsidiariesSubsidiaries , their businesses or operations or any of their assets or properties.

Appears in 2 contracts

Samples: Security Agreement (Pacific Cma Inc), Security Agreement (Pacific Cma Inc)

Compliance with Other Instruments. Neither it nor any of its Subsidiaries is in violation or default of (xi) any term of its Charter or Bylaws, or (yii) any provision provisions of any indebtedness, mortgage, indenture, contract, agreement agreement, or instrument to which it is a party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case cause of this clause (y), ii) has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the Warrants and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal non-renewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 2 contracts

Samples: Note Purchase Agreement (Small World Kids Inc), Note Purchase Agreement (Small World Kids Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or propertiesproperties that could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Creative Vistas Inc), Securities Purchase Agreement (Creative Vistas Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal non-renewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Elec Communications Corp), Securities Purchase Agreement (Retail Pro, Inc.)

Compliance with Other Instruments. Neither it nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writwrit applicable to it or any of its Subsidiaries, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 2 contracts

Samples: Security and Purchase Agreement (Time America Inc), Security Agreement (Time America Inc)

Compliance with Other Instruments. Neither it nor any Each of the Company and its Subsidiaries is not in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Implant Sciences Corp), Securities Purchase Agreement (Implant Sciences Corp)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s 's properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 2 contracts

Samples: Security and Purchase Agreement (On the Go Healthcare Inc), Security and Purchase Agreement (On the Go Healthcare Inc)

Compliance with Other Instruments. Neither it either the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (Trimedia Entertainment Group Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter Articles or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (Fortune Diversified Industries Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylawsbylaws, or (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (Synergy Brands Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries Guarantor is in violation or default of (x) any term of its Charter Articles of Incorporation or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement Guaranty and the Ancillary Agreements Documents to which it is a party, and the issuance and sale of the Notes and Note by the other Securities Company CCIG each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets the Guarantors or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Loan Agreement (Cci Group Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter Certificate of Incorporation, Bylaws or Bylaws, other organizational documents or (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements Related Documents to which it is a party, and the issuance and sale of the Notes and Note by the other Securities each pursuant hereto and thereto, Company will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 1 contract

Samples: Secured Note Purchase Agreement (Anesiva, Inc.)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (xa) any term of its Charter or Bylaws, or (yb) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (yb), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (RPM Technologies Inc)

Compliance with Other Instruments. Neither it nor any of its Subsidiaries Borrower is not in violation or default of (x) any term of its Charter Articles of Incorporation or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Borrower and the other Securities by the Borrower each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its or any of its Subsidiary’s the properties or assets of the Borrower or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Borrower, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Loan Agreement (Cci Group Inc)

Compliance with Other Instruments. Neither Except as set forth on Schedule 12(k), neither it nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 1 contract

Samples: Security and Purchase Agreement (Ronco Corp)

Compliance with Other Instruments. Neither it nor any of its Subsidiaries is in violation or default of (xi) any term of its Charter Charter, bylaws or Bylawsoperating agreement (or the equivalent thereof), or (yii) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (yii), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s 's properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 1 contract

Samples: Security Agreement (American Mold Guard Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (xa) any term of its Charter or Bylaws, or (yb) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (yc), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (Modtech Holdings Inc)

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Compliance with Other Instruments. Neither it nor any of its Subsidiaries is in violation or default of (xi) any term of its Charter Charter, Bylaws or Bylawslimited liability company agreement, or (yii) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (yii), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal non-renewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 1 contract

Samples: Security Agreement (ProLink Holdings Corp.)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or Bylaws (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Term Notes and by the other Securities each Company pursuant hereto and theretohereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its or any of its Subsidiary’s the properties or assets of the Company or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (Greens Worldwide Inc)

Compliance with Other Instruments. Neither it the Parent nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Parent and the other Securities by the Parent each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Parent or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal non-renewal of any permit, license, authorization or approval applicable to it or any of the Parent, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (Accentia Biopharmaceuticals Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (xa) any term of its Charter or Bylaws, or (yb) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (yc), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (Modtech Holdings Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter certificate of incorporation, bylaws or Bylawssimilar organizational document, or (y) any provision of any indebtednessIndebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes and by the other Securities each Company pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal non-renewal of any permit, license, authorization or approval applicable to it the Company or any of its Subsidiaries, their businesses its business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Note Purchase Agreement (GreenHunter Resources, Inc.)

Compliance with Other Instruments. Neither Except as set forth on Schedule 12(k), neither it nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s 's properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 1 contract

Samples: Security Agreement (Tarpon Industries, Inc.)

Compliance with Other Instruments. Neither it nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylawsbylaws, or (y) any provision of any indebtednessIndebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes Note and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such violation or be in conflict with any term of its Charter or bylaws or result in any such material violation, or be in material conflict with or constitute a material default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 1 contract

Samples: Security Agreement (Kitty Hawk Inc)

Compliance with Other Instruments. Neither Except as set forth on Schedule 12(k), neither it nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes Note and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s 's properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 1 contract

Samples: Security Agreement (Deja Foods Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (iBroadband, Inc.)

Compliance with Other Instruments. Neither it nor any of its Domestic Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Domestic Subsidiary’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal non-renewal of any permit, license, authorization or approval applicable to it or any of its Domestic Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 1 contract

Samples: Security Agreement (NewMarket Technology Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties Subsidiaries (except for any such mortgages, pledges, liens, encumbrances or assets charges in favor of the Purchaser in connection with the transactions contemplated hereby) or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (Comc Inc)

Compliance with Other Instruments. Neither it the Parent, Company ----------------------------------- nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes and Note by the other Securities each Company pursuant hereto and theretohereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Parent, Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it the Parent or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (New Century Energy Corp.)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to would have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or propertiesproperties which has had or would have, individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Axeda Systems Inc)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (Friendlyway CORP)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, bylaws or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes and by the other Securities each Company pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal non-renewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (New Century Energy Corp.)

Compliance with Other Instruments. Neither it the Parent, the Company nor any of its their respective Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes and by the other Securities each Company pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its the properties or assets of the Parent, the Company or any of its Subsidiary’s properties or assets their respective Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal non-renewal of any permit, license, authorization or approval applicable to it the Parent or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (New Century Energy Corp.)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes and by the other Securities each pursuant hereto and theretoCompany, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal non-renewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (Pervasip Corp)

Compliance with Other Instruments. Neither it nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Charter, Bylaws, certificate of formation, operating agreement or other organizational document or (y) any provision of any indebtednessIndebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s 's properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 1 contract

Samples: Security and Purchase Agreement (Proxymed Inc /Ft Lauderdale/)

Compliance with Other Instruments. Neither it nor any of its ------------------------------------ Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Agreements to which it is a party, and the issuance of the Notes and the other Securities each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of its or any of its Subsidiary’s 's properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of its Subsidiaries, their businesses or operations or any of their assets or properties.

Appears in 1 contract

Samples: Security Agreement (Trinity Learning Corp)

Compliance with Other Instruments. Neither it Except as disclosed on Schedule 4.11, neither the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or Bylaws (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Term Notes and by the other Securities each Company pursuant hereto and theretohereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its or any of its Subsidiary’s the properties or assets of the Company or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it or any of the Company, its Subsidiaries, their businesses business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (Host America Corp)

Compliance with Other Instruments. Neither it the Company nor any of its Subsidiaries is in violation or default of (x) any term of its Charter or Bylaws, or (y) of any provision of any indebtedness, mortgage, indenture, contract, agreement or instrument to which it is party or by which it is bound or of any judgment, decree, order or writ, which violation or default, in the case of this clause (y), has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The execution, delivery and performance of and compliance with this Agreement and the Ancillary Related Agreements to which it is a party, and the issuance and sale of the Notes Note by the Company and the other Securities by the Company each pursuant hereto and thereto, will not, with or without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien mortgage, pledge, lien, encumbrance or charge upon any of its the properties or assets of the Company or any of its Subsidiary’s properties or assets Subsidiaries or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to it the Company or any of its Subsidiaries, their businesses its business or operations or any of their its assets or properties.

Appears in 1 contract

Samples: Securities Purchase Agreement (AGU Entertainment Corp.)

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