Common use of No Adverse Implications Clause in Contracts

No Adverse Implications. Neither the execution and delivery of this Agreement nor the completion and performance of the transactions contemplated by this Agreement will: (i) give any person, other than Franco or its Affiliates, the right to terminate, cancel or amend any contractual or other right of Xxxxxx where such termination, cancellation or removal would have a material adverse effect on the Royalty; (ii) result in the creation of any Encumbrance on any of the Mineral Property or in a breach of or a default under any contract, permit or other agreement or in the crystallization of any floating charge on, or the acceleration of any rights or obligations in respect of, any of the Mineral Property; or (iii) give rise to any right of first offer, pre-emptive right, right of first refusal or other right to purchase.