Common use of Defaults; Consents Clause in Contracts

Defaults; Consents. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby nor compliance by Buyer with any of the provisions hereof will (a) conflict with or result in a breach of any provision of its Articles of Incorporation or Bylaws; (b) result in a default (or give rise to any right of termination, cancellation, or acceleration) under any of the terms, conditions or provisions of any note, bond, mortgage, indenture, license, agreement or other instrument or obligation to which Buyer is a party, except for such default (or right of termination, cancellation, or acceleration) as to which requisite waivers or consents shall either have been obtained by Buyer prior to the Closing Date or the obtaining of which shall have been waived by Seller; or (c) violate any order, writ, injunction, decree or, to Buyer's Best Knowledge, any statute, rule or regulation applicable to Buyer. No consent or approval by any Governmental Authority is required in connection with the execution and delivery by Buyer of this Agreement or the consummation by Buyer of the transactions contemplated hereby.

Appears in 3 contracts

Samples: Asset Purchase and Sale Agreement (Golden West Brewing Company, Inc.), Asset Purchase and Sale Agreement (Golden West Brewing Company, Inc.), Asset Purchase and Sale Agreement (Golden West Brewing Company, Inc.)

AutoNDA by SimpleDocs

Defaults; Consents. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby nor compliance by Buyer with any of the provisions hereof will (a) conflict with or result in a breach of any provision of its Articles of Incorporation or Bylaws; (b) result in a default (or give rise to any right of termination, cancellation, or acceleration) under any of the terms, conditions or provisions of any note, bond, mortgage, indenture, license, agreement or other instrument or obligation to which Buyer is a party, except for such default (or right of termination, cancellation, or acceleration) as to which requisite waivers or consents shall either have been obtained by Buyer prior to the Closing Date or the obtaining of which shall have been waived by Seller; or (c) violate any order, writ, injunction, decree or, to Buyer's ’s Best Knowledge, any statute, rule or regulation applicable to Buyer. No consent or approval by any Governmental Authority is required in connection with the execution and delivery by Buyer of this Agreement or the consummation by Buyer of the transactions contemplated hereby.

Appears in 1 contract

Samples: Asset Purchase Agreement (Global Casinos Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!