Common use of Lack of Conflicts Clause in Contracts

Lack of Conflicts. The execution, delivery and, assuming (i) the effectiveness of the Amendment, (ii) satisfaction of the condition in Section 6.2(f) and (iii) receipt of the approval contemplated by Section 5.6 and of the Consents contemplated by Schedule 6.2(d), performance by the Company of this Agreement and the Related Securities Agreements to which it is or will be a party and the consummation by it of the transactions contemplated hereby and thereby does not and, as of the Closing, will not (w) violate (with or without the giving of notice or the lapse of time or both) any Legal Requirement applicable to it or any of its Subsidiaries, other than those that would not be reasonably likely to have a Company Material Adverse Effect, (x) conflict with, or result in the breach of, any provision of the charter or by-laws or similar governing or organizational documents of it or any of its Subsidiaries, (y) result in the creation of any Encumbrance upon any of its assets, other than those arising under this Agreement or any of the Related Securities Agreements, or those that would not be reasonably likely to have a Company Material Adverse Effect or (z) violate, conflict with or result in the breach or termination of or otherwise give any other Person the right to terminate, or constitute a default, event of default or an event which with notice, lapse of time or both, would constitute a default or event of default under the terms of, any contract, indenture, lease, mortgage, Government License or other agreement or instrument to which it or any of its Subsidiaries is a party or by which the properties or businesses of it or any of its Subsidiaries are bound, except for violations, conflicts, breaches, terminations and defaults that would not be reasonably likely to have a Company Material Adverse Effect.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Lyondell Chemical Co), Securities Purchase Agreement (Occidental Petroleum Corp /De/), Securities Purchase Agreement (Occidental Petroleum Corp /De/)

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Lack of Conflicts. The execution, delivery and, assuming (i) the effectiveness of the Amendment, (ii) satisfaction of the condition in Section 6.2(f) and (iii) receipt of the approval contemplated by Section 5.6 and of the Consents contemplated by Schedule 6.2(d8.3(e), performance by the Company Purchaser of this Agreement and the Related Securities Purchase Agreements to which it is or will be a party and the consummation by it of the transactions contemplated hereby and thereby does not and, as of the Closing, will not (wi) violate (with or without the giving of notice or the lapse of time or both) any Legal Requirement applicable to it or any of its Subsidiaries, other than those that would not be reasonably likely to have a Company Purchaser Material Adverse Effect, (xii) conflict with, or result in the breach of, any provision of the charter or by-laws or similar governing or organizational documents of it or any of its Subsidiaries, (yiii) result in the creation of any Encumbrance upon any of its assets, other than those arising under this Agreement or any of the Related Securities Agreements, or those that would not be reasonably likely to have a Company Purchaser Material Adverse Effect or (ziv) violate, conflict with or result in the breach or termination of or otherwise give any other Person the right to terminate, or constitute a default, event of default or an event which that with notice, lapse of time or both, would constitute a default or event of default under the terms of, any contract, indenture, lease, mortgage, Government License or other agreement or instrument to which it or any of its Subsidiaries is a party or by which the properties or businesses of it or any of its Subsidiaries are bound, except for violations, conflicts, breaches, terminations and defaults that would not be reasonably likely to have a Company Purchaser Material Adverse Effect.

Appears in 2 contracts

Samples: Purchase Agreement (Lyondell Chemical Co), Purchase Agreement (Occidental Petroleum Corp /De/)

Lack of Conflicts. The execution, delivery and, assuming (i) the effectiveness of the Amendment, (ii) Assuming satisfaction of the condition in Section 6.2(f4.1(c) and (iii) receipt of the approval contemplated by Section 5.6 and of the Consents contemplated by Schedule 6.2(d4.3(f), and except with respect to the HSR Act as set forth in Section 4.1(d), each of the execution, delivery and performance by the Company Occidental and each member of its Group of this Agreement and the Related Securities Agreements to which it any of them is or will be a party and the consummation by it them of the transactions contemplated hereby and thereby does not and, as of the Closing, will not (wi) violate (with or without the giving of notice or the lapse of time or both) any Legal Requirement applicable to it any of them or any of its their Subsidiaries, other than those that would not be reasonably likely to have a Company Material Adverse EffectEffect with respect to its Subject Business, (xii) conflict with, or result in the breach of, any provision of the charter or by-laws or similar governing or organizational documents of it any of them or any of its their Subsidiaries, (yiii) result in the creation of any Encumbrance upon any of its their assets, other than those arising under contemplated by this Agreement or any of the Related Securities Agreements, or those that would not be reasonably likely to have a Company Material Adverse Effect with respect to its Subject Business, or (ziv) violate, conflict with or result in the breach or termination of or otherwise give any other Person the right to terminate, or constitute a default, event of default or an event which with notice, lapse of time or both, would constitute a default or event of default under the terms of, any contract, indenture, lease, mortgage, Government License or other agreement or instrument to which it any of them or any of its their Subsidiaries is a party or by which the properties or businesses of it any of them or any of its their Subsidiaries are bound, except for violations, conflicts, breaches, terminations and defaults that would not be reasonably likely to have a Company Material Adverse EffectEffect with respect to its Subject Business.

Appears in 2 contracts

Samples: Master Transaction Agreement (Millennium Chemicals Inc), Master Transaction Agreement (Lyondell Petrochemical Co)

Lack of Conflicts. The execution, delivery and, assuming (i) the effectiveness of the Amendment, (ii) Assuming satisfaction of the condition in ----------------- Section 6.2(f4.1(c) and (iii) receipt of the approval contemplated by Section 5.6 and of the Consents contemplated by Schedule 6.2(d4.3(f), and except with respect to the HSR Act as set forth in Section 4.1(d), each of the execution, delivery and performance by the Company Occidental and each member of its Group of this Agreement and the Related Securities Agreements to which it any of them is or will be a party and the consummation by it them of the transactions contemplated hereby and thereby does not and, as of the Closing, will not (wi) violate (with or without the giving of notice or the lapse of time or both) any Legal Requirement applicable to it any of them or any of its their Subsidiaries, other than those that would not be reasonably likely to have a Company Material Adverse EffectEffect with respect to its Subject Business, (xii) conflict with, or result in the breach of, any provision of the charter or by-laws or similar governing or organizational documents of it any of them or any of its their Subsidiaries, (yiii) result in the creation of any Encumbrance upon any of its their assets, other than those arising under contemplated by this Agreement or any of the Related Securities Agreements, or those that would not be reasonably likely to have a Company Material Adverse Effect with respect to its Subject Business, or (ziv) violate, conflict with or result in the breach or termination of or otherwise give any other Person the right to terminate, or constitute a default, event of default or an event which with notice, lapse of time or both, would constitute a default or event of default under the terms of, any contract, indenture, lease, mortgage, Government License or other agreement or instrument to which it any of them or any of its their Subsidiaries is a party or by which the properties or businesses of it any of them or any of its their Subsidiaries are bound, except for violations, conflicts, breaches, terminations and defaults that would not be reasonably likely to have a Company Material Adverse EffectEffect with respect to its Subject Business.

Appears in 1 contract

Samples: Master Transaction Agreement (Equistar Funding Corp)

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Lack of Conflicts. The execution, delivery and, assuming (i) the effectiveness of the Amendment, (ii) Assuming satisfaction of the condition in Section 6.2(f4.1(c) and (iii) receipt of the approval contemplated by Section 5.6 and of the Consents contemplated by Schedule 6.2(d4.3(g), and except with respect to the HSR Act as set forth in Section 4.1(d), each of the execution, delivery and performance by the Company Occidental and each member of its Group of this Agreement and the Related Securities Agreements to which it any of them is or will be a party and the consummation by it them of the transactions contemplated hereby and thereby does not and, as of the Closing, will not (wi) violate (with or without the giving of notice or the lapse of time or both) any Legal Requirement applicable to it any of them or any of its their Subsidiaries, other than those that would not be reasonably likely to have a Company Material Adverse EffectEffect with respect to its Subject Business, (xii) conflict with, or result in the breach of, any provision of the charter or by-laws or similar governing or organizational documents of it any of them or any of its their Subsidiaries, (yiii) result in the creation of any Encumbrance upon any of its their assets, other than those arising under contemplated by this Agreement or any of the Related Securities Agreements, or those that would not be reasonably likely to have a Company Material Adverse Effect with respect to its Subject Business, or (ziv) violate, conflict with or result in the breach or termination of or otherwise give any other Person the right to terminate, or constitute a default, event of default or an event which with notice, lapse of time or both, would constitute a default or event of default under the terms of, any contract, indenture, lease, mortgage, Government License or other agreement or instrument to which it any of them or any of its their Subsidiaries is a party or by which the properties or businesses of it any of them or any of its their Subsidiaries are bound, except for violations, conflicts, breaches, terminations and defaults that would not be reasonably likely to have a Company Material Adverse EffectEffect with respect to its Subject Business.

Appears in 1 contract

Samples: Master Transaction Agreement (Lyondell Petrochemical Co)

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