Common use of Conflicts, Authorizations and Approvals Clause in Contracts

Conflicts, Authorizations and Approvals. Except as previously disclosed to the Placement Agents in writing, neither the Company nor any of the Significant Subsidiaries is in violation of its respective charter or by-laws or similar organizational documents or in default in the performance or observance of any obligation, agreement, covenant or condition contained in any contract, indenture, mortgage, loan agreement, note, lease or other agreement or instrument to which either the Company or any of the Significant Subsidiaries is a party, or by which it or any of them may be bound or to which any of the property or assets of the Company or any of the Significant Subsidiaries is subject, the effect of which violation or default in performance or observance would have a Material Adverse Effect.

Appears in 3 contracts

Samples: Placement Agreement (First Financial Bancorp /Ca/), Placement Agreement (MCB Financial Corp), Subscription Agreement (Redwood Empire Bancorp)

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Conflicts, Authorizations and Approvals. Except as previously disclosed to the Placement Agents in writing, neither the Company nor any of the its Significant Subsidiaries is in violation of its respective charter or by-laws or similar organizational documents or in default in the performance or observance of any obligation, agreement, covenant or condition contained in any contract, indenture, mortgage, loan agreement, note, lease or other agreement or instrument to which either the Company or any of the its Significant Subsidiaries is a party, or by which it or any of them may be bound or to which any of the property or assets of the Company or any of the its Significant Subsidiaries is subject, the effect of which violation or default in performance or observance would have have, singly or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Subscription Agreement (Penn America Group Inc)

Conflicts, Authorizations and Approvals. Except as previously ------------------------------------------- disclosed to the Placement Agents in writing, neither the Company nor any of the Significant Subsidiaries is in violation of its respective charter or by-laws or similar organizational documents or in default in the performance or observance of any obligation, agreement, covenant or condition contained in any contract, indenture, mortgage, loan agreement, note, lease or other agreement or instrument to which either the Company or any of the Significant Subsidiaries is a party, or by which it or any of them may be bound or to which any of the property or assets of the Company or any of the Significant Subsidiaries is subject, the effect of which violation or default in performance or observance would have a Material Adverse Effect.

Appears in 1 contract

Samples: Subscription Agreement (Florida Banks Inc)

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Conflicts, Authorizations and Approvals. Except as previously disclosed to the Placement Agents Purchaser in writing, neither the Company nor any of the Significant Subsidiaries is in violation of its respective charter or by-laws or similar organizational documents or in default in the performance or observance of any obligation, agreement, covenant or condition contained in any contract, indenture, mortgage, loan agreement, note, lease or other agreement or instrument to which either the Company or any of the Significant Subsidiaries is a party, or by which it or any of them may be bound or to which any of the property or assets of the Company or any of the Significant Subsidiaries is subject, the effect of which violation or default in performance or observance would have a Material Adverse Effect.

Appears in 1 contract

Samples: Southcoast Financial Corp

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