No Approvals or Notices Required; No Conflicts. The execution, delivery and performance of this Agreement, the Rights Agreement and the other documents by Seller, and the consummation of the Transactions, will not (a) constitute a violation (with or without the giving of notice or lapse of time, or both) of any provision of any law or any judgment, decree, order, regulation or rule of any court, agency or other governmental authority applicable to Seller, (b) require any consent, approval or authorization of, or declaration, filing or registration with, any natural person, partnership, corporation, limited liability company, business trust, joint membership interest company, trust, unincorporated association, joint venture, governmental entity or other entity or organization ("Person"), (c) result in a default (with or without the giving of notice or lapse of time, or both) under, acceleration or termination of, or the creation in any party of the right to accelerate, terminate, modify or cancel, any agreement, lease, note or other restriction, Encumbrance, obligation or liability to which Seller is a party or by which he is bound or to which any assets of Seller are subject, or (d) result in the creation of any Encumbrance upon the assets of Seller, or upon any of Seller's Membership Interests or other securities of the Company.
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Samples: Membership Interest Purchase Agreement (Source Energy Corp /Ut/)
No Approvals or Notices Required; No Conflicts. The execution, delivery and performance by such Shareholder of this Agreement, the Rights Agreement and each of the other documents by SellerOperative Documents to which he, and she or it is a party, the consummation of the Transactionstransactions contemplated hereby and thereby and the performance by such Shareholder of his, her or its obligations hereunder and thereunder, will not (a) constitute a violation (with or without the giving of notice or lapse of time, or both) of any provision of any law or any judgment, decree, order, regulation or rule of any court, agency or other governmental authority applicable to Sellersuch Shareholder, (b) require any consent, approval or authorization of, or declaration, filing or registration with, any natural person, partnership, corporation, limited liability company, business trust, joint membership interest company, trust, unincorporated association, joint venture, governmental entity or other entity or organization ("Person"), (c) result in a default (with or without the giving of notice or lapse of time, or both) under, acceleration or termination of, or the creation in any party of the right to accelerate, terminate, modify or cancel, any agreement, lease, note or other restriction, Encumbrance, obligation or liability to which Seller such Shareholder is a party or by which he it is bound or to which any assets of Seller such Shareholder are subject, or (d) result in the creation of any Encumbrance upon the assets of Sellersuch Shareholder, or upon any of Seller's Membership Interests Shares or other securities of the CompanyCompany held by such Shareholder.
Appears in 1 contract
No Approvals or Notices Required; No Conflicts. The execution, delivery and performance by such Member of this Agreement, the Rights Agreement and each of the other documents by SellerOperative Documents to which he, and she or it is a party, the consummation of the Transactionstransactions contemplated hereby and thereby and the performance by such Member of his, her or its obligations hereunder and thereunder, will not (a) constitute a violation (with or without the giving of notice or lapse of time, or both) of any provision of any law or any judgment, decree, order, regulation or rule of any court, agency or other governmental authority applicable to Sellersuch Member, (b) require any consent, approval or authorization of, or declaration, filing or registration with, any natural personPerson, partnership, corporation, limited liability company, business trust, joint membership interest company, trust, unincorporated association, joint venture, governmental entity or other entity or organization ("Person")except for compliance with applicable securities laws, (c) result in a default (with or without the giving of notice or lapse of time, or both) under, acceleration or termination of, or the creation in any party of the right to accelerate, terminate, modify or cancel, any agreement, lease, note or other restriction, Encumbranceencumbrance, obligation or liability to which Seller such Member is a party or by which he it is bound or to which any assets of Seller such Member are subject, or (d) result in the creation of any Encumbrance upon the assets of Sellersuch Member, or upon any of Seller's Membership Interests Company Units or other securities of the CompanyCompany held by such Member.
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No Approvals or Notices Required; No Conflicts. The execution, delivery and performance of this Agreement, the Rights Agreement and the other documents by Seller, and the consummation of the Transactions, will not (a) constitute a violation (with or without the giving of notice or lapse of time, or both) of any provision of any law or any judgment, decree, order, regulation or rule of any court, agency or other governmental authority applicable to Seller, (b) require any consent, approval or authorization of, or declaration, filing or registration with, any natural person, partnership, corporation, limited liability company, business trust, joint membership interest stock company, trust, unincorporated association, joint venture, governmental entity or other entity or organization ("Person"), (c) result in a default (with or without the giving of notice or lapse of time, or both) under, acceleration or termination of, or the creation in any party of the right to accelerate, terminate, modify or cancel, any agreement, lease, note or other restriction, Encumbrance, obligation or liability to which Seller is a party or by which he is bound or to which any assets of Seller are subject, or (d) result in the creation of any Encumbrance upon the assets of Seller, or upon any of Seller's Membership Interests Shares or other securities of the Company.
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