Common use of No Conflict; Approvals Clause in Contracts

No Conflict; Approvals. The execution and delivery of this Agreement does not and the consummation of the transactions contemplated hereby and the performance of the obligations herein will not, (a) violate or conflict with the Company's charter or by-laws or the comparable organizational documents of any of its Subsidiaries, (b) constitute a breach or default (or an event that with notice or lapse of time or both would become a breach or default) or give rise to any Lien, third party right of termination, cancellation, material modification or acceleration, or loss of any benefit, under any Contract (hereinafter defined) to which the Company or any Subsidiary is a party or by which it is bound, or (c) subject to the consents, approvals, orders, authorizations, filings, declarations and registrations specified in Section 2.7 or in the Company Schedule in response thereto, conflict with or result in a violation of any permit, concession, franchise or license or any law, rule or regulation applicable to the Company or any of its Subsidiaries or any of their properties or assets, except, in the case of clauses (b) and (c), for any such breaches, defaults, Liens, third party rights, cancellations, modifications, accelerations or losses of benefits, conflicts or violations which would not have a Company Material Adverse Effect and would not prevent the Company from performing its obligations under this Agreement or prevent or delay the consummation of any of the transactions contemplated hereby.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Noodle Kidoodle Inc), Agreement and Plan of Merger (Zany Brainy Inc), Agreement and Plan of Merger (Zany Brainy Inc)

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No Conflict; Approvals. The Except as set forth on SCHEDULE 5.6, the execution and delivery of this Agreement does not not, and the consummation of the transactions contemplated hereby and the performance of the obligations herein will not, (a) violate or conflict with the Company's charter Certificate of Incorporation or by-laws bylaws or the comparable organizational documents of any of its Subsidiaries, or (b) constitute a breach or default (or an event that with notice or lapse of time or both would become a breach or default) or give rise to any Lienlien, third party right of termination, cancellation, material modification or acceleration, or loss of any benefit, under any Contract (hereinafter defined) to which the Company or any Subsidiary is a party or by which it is bound, or (c) subject to the consents, approvals, orders, authorizations, filings, declarations and registrations specified in Section 2.7 5.7 or in the Company Schedule in response thereto, SCHEDULE 5.7 conflict with or result in a violation of any permit, concession, franchise or license or any law, rule or regulation applicable to the Company or any of its Subsidiaries or any of their properties or assets, except, in the case of clauses (b) and (c), for any such breaches, defaults, Liensliens, third party rights, cancellations, modifications, accelerations or losses of benefits, conflicts or violations which would not have a Company Material Adverse Effect and would not prevent impair the ability of the Company from performing to perform its obligations under this Agreement or prevent or delay the consummation of any of the transactions contemplated hereby.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Forsythe Gerald R)

No Conflict; Approvals. The Except as set forth in the COMPANY SCHEDULE, the execution and delivery of this Agreement does not not, and the consummation of the transactions contemplated hereby and the performance of the obligations herein thereby will not, (a) violate or conflict with the Company's charter Charter or by-laws Bylaws or the comparable organizational documents of any of its Subsidiaries, or (b) constitute a breach or default (or an event that with notice or lapse of time or both would become a breach or default) or give rise to any Lien, third party right of termination, cancellation, material modification or acceleration, or loss of any benefit, under any Contract (hereinafter defined) to which the Company or any Subsidiary is a party or by which it is bound, or (c) subject to the consents, approvals, orders, authorizations, filings, declarations and registrations specified in Section 2.7 or in the Company Schedule in response theretoCOMPANY SCHEDULE, conflict with or result in a violation of any permit, concession, franchise or license or any law, rule or regulation applicable to the Company or any of its Subsidiaries or any of their properties or assets, except, in the case of clauses (b) and (c), for any such breaches, defaults, Liens, third party rights, cancellations, modifications, accelerations or losses of benefits, conflicts or violations which would not have a Company Material Adverse Effect and would not prevent impair the ability of the Company from performing to perform its obligations under this Agreement or prevent or delay the consummation of any of the transactions contemplated herebyhereby and thereby.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sirrom Capital Corp)

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No Conflict; Approvals. The execution and delivery of this Agreement does not do not, and the consummation of the transactions contemplated hereby and the performance of the obligations herein thereby will not, (ai) violate or conflict with the Company's charter Articles of Incorporation or by-laws Bylaws or the comparable organizational documents of any of its Subsidiaries, or (bii) constitute a breach or default (or an event that with notice or lapse of time or both would become a breach or default) or give rise to any Lienlien, third party right of termination, cancellation, material modification or acceleration, or loss of any benefit, under any Contract (hereinafter defined) to which the Company or any Subsidiary is a party or by which it is boundbound except as set forth on the Company Schedule, or (ciii) subject to the consents, approvals, orders, authorizations, filings, declarations and registrations specified in Section 2.7 or in the Company Schedule in response thereto, conflict with or result in a violation of any permit, concession, franchise or license or any law, rule or regulation applicable to the Company or any of its Subsidiaries or any of their properties or assets, except, in the case of clauses (b) and (c), for any except such breaches, defaults, Liens, third party rights, cancellations, modifications, accelerations or losses of benefits, conflicts or violations which would not have result in a Company Material Adverse Effect and would not prevent the Company from performing its obligations under this Agreement or prevent or delay the consummation of any of the transactions contemplated herebyEffect.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Penn National Gaming Inc)

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