No Breach of Agreement. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated by this Agreement will not (i) violate or result in a breach of or default or acceleration under the articles of incorporation or bylaws of Seller or any instrument or agreement to which Seller is a party or is bound which would have a material adverse effect on the Purchased Assets; (ii) violate any judgment, order, injunction, decree or award against or binding upon Seller or the Purchased Assets which would have a material adverse effect on the Purchased Assets; (iii) result in the creation of any material lien, charge or encumbrance upon the Purchased Assets; or (iv) violate any law or regulation of any jurisdiction relating to the VIP Division or the Purchased Assets, assuming all required regulatory approvals have been obtained in connection with the transactions contemplated hereby.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Universal Manufacturing Co), Asset Purchase Agreement (Universal Manufacturing Co)
No Breach of Agreement. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated by this Agreement will not (i) violate or result in a breach of or default or acceleration under the articles Articles of incorporation Incorporation or bylaws By-Laws of Seller or any instrument or agreement to which Seller is a party or is bound which would have a material adverse effect on the Purchased Assets; (ii) violate any judgment, order, injunction, decree or award against or binding upon Seller or the Purchased Assets which would have a material adverse effect on the Purchased Assets; (iii) result in the creation of any material lien, charge or encumbrance upon the Purchased Assets; or (iv) violate any law or regulation of any jurisdiction relating to the VIP Division Business or the Purchased Assets, assuming all required regulatory approvals have been obtained in connection with the transactions contemplated hereby.
Appears in 1 contract
Samples: Asset Purchase Agreement (Arts Way Manufacturing Co Inc)
No Breach of Agreement. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated by this Agreement will not (i) violate or result in a breach of or default or acceleration under the articles Articles of incorporation Incorporation or bylaws By-Laws of Seller Buyer or any instrument or agreement to which Seller Buyer is a party or is bound which would have a material adverse effect on the Purchased Assets; (ii) violate any judgment, order, injunction, decree or award against or binding upon Seller Buyer or the Purchased Assets which would have a material adverse effect on the Purchased Assets; (iii) result in the creation of any material lien, charge or encumbrance upon the Purchased Assets; or (iv) violate any law or regulation of any jurisdiction relating to the VIP Division Business or the Purchased Assets, assuming all required regulatory approvals have been obtained in connection with the transactions contemplated hereby.
Appears in 1 contract
Samples: Asset Purchase Agreement (Arts Way Manufacturing Co Inc)
No Breach of Agreement. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated by this Agreement will not (i) violate or result in a breach of or default or acceleration under the articles Articles of incorporation Incorporation or bylaws By-Laws of Seller or any instrument or agreement to which Seller is a party or is bound which would have a material adverse effect on the Purchased Assets; (ii) violate any judgment, order, injunction, decree or award against or binding upon Seller or the Purchased Assets which would have a material adverse effect on the Purchased Assets; (iii) result in the creation of any material lien, charge or encumbrance upon the Purchased Assets; or (iv) to the best of Seller’s knowledge, violate any law or regulation of any jurisdiction relating to the VIP Division Business or the Purchased Assets, assuming all required regulatory approvals have been obtained in connection with the transactions contemplated hereby.
Appears in 1 contract
Samples: Asset Purchase Agreement (Arts Way Manufacturing Co Inc)