Common use of No adverse consequences Clause in Contracts

No adverse consequences. Neither the execution and delivery of this Agreement by Stockholder nor the consummation of the transactions contemplated by this Agreement will (a) to the knowledge of Stockholder, violate any statute, judgment, order, injunction, decree, rule, regulation or ruling of any governmental authority applicable to Stockholder, or (b) either alone or with the giving of notice or the passage of time or both, conflict with, constitute grounds for termination of, accelerate the performance required by, accelerate the maturity of any indebtedness or obligation under, result in the breach of the terms, conditions or provisions of or constitute a default under any mortgage, deed of trust, indenture, note, bond, lease, license, permit or other agreement, instrument or obligation to which Stockholder is a party or by which it is bound.

Appears in 2 contracts

Samples: Stock Exchange Agreement (Applied Voice Recognition Inc /De/), Stock Exchange Agreement (Applied Voice Recognition Inc /De/)

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No adverse consequences. Neither the execution and delivery of this Agreement by Stockholder the Company nor the consummation of the transactions contemplated by this Agreement will (a) to the knowledge of Stockholderthe Company, violate any statute, judgment, order, injunction, decree, rule, regulation or ruling of any governmental authority applicable to Stockholderthe Company, or (b) either alone or with the giving of notice or the passage of time or both, conflict with, constitute grounds for termination of, accelerate the performance required by, accelerate the maturity of any indebtedness or obligation under, result in the breach of the terms, conditions or provisions of or constitute a default under any mortgage, deed of trust, indenture, note, bond, lease, license, permit or other agreement, instrument or obligation to which Stockholder the Company is a party or by which it is bound.

Appears in 2 contracts

Samples: Stock Exchange Agreement (Applied Voice Recognition Inc /De/), Stock Exchange Agreement (Applied Voice Recognition Inc /De/)

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No adverse consequences. Neither the execution and delivery of this Agreement by Stockholder Stockholders nor the consummation of the transactions contemplated by this Agreement will (a) to the knowledge of each Stockholder, violate any statute, judgment, order, injunction, decree, rule, regulation or ruling of any governmental authority applicable to each Stockholder, or (b) either alone or with the giving of notice or the passage of time or both, conflict with, constitute grounds for termination of, accelerate the performance required by, accelerate the maturity of any indebtedness or obligation under, result in the breach of the terms, conditions or provisions of or constitute a default under any mortgage, deed of trust, indenture, note, bond, lease, license, permit or other agreement, instrument or obligation to which each Stockholder is a party or by which it is bound.

Appears in 1 contract

Samples: Stock Exchange Agreement (Applied Voice Recognition Inc /De/)

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