Common use of No Conflict, Default, Breach or Violation Clause in Contracts

No Conflict, Default, Breach or Violation. The execution and delivery of this Agreement does not, and the completion of the transactions contemplated hereby and thereby will not, conflict with or result in a breach of or the acceleration of any obligation under, or constitute a default or event of default (or event which with notice or lapse of time or both would constitute a default) under, any provision of any charter, bylaw, indenture, mortgage, lien, lease, agreement, contract, order, judgment, or, to the best knowledge of PROVIDENCE, any judicial or administrative decree, ordinance or regulation, permit, license, franchise or any restriction to which any property of PROVIDENCE or any of its subsidiaries is subject or by which PROVIDENCE or any of its subsidiaries is bound, the effect of which would be materially adverse to PROVIDENCE and its subsidiaries taken as a whole. Neither PROVIDENCE nor any of its subsidiaries is alleged to be in violation or default or under any applicable law, statute, order, rule or regulation promulgated or judgment entered by any Governmental Entity, relating to or affecting the operation, conduct or ownership of the property or business of PROVIDENCE or such subsidiaries, which violation or default or alleged violation or default would have a material, adverse effect, on PROVIDENCE and its subsidiaries taken as a whole.

No Conflict, Default, Breach or Violation. The execution and delivery of this Agreement does not, and the completion of the transactions contemplated hereby and thereby will not, conflict with or result in a breach of or the acceleration of any obligation under, or constitute a default or event of default (or event which with notice or lapse of time or both would constitute a default) under, any provision of any charter, bylaw, indenture, mortgage, lien, lease, agreement, contract, order, judgment, or, to the best knowledge of PROVIDENCE, any judicial or administrative decree, ordinance or regulation, permit, license, franchise or any restriction to which any property of PROVIDENCE or any of its subsidiaries is subject or by which PROVIDENCE or any of its subsidiaries is bound, the effect of which would be materially adverse to PROVIDENCE and its subsidiaries taken as a whole. Neither PROVIDENCE nor any of its subsidiaries is alleged to be in violation or default or under any applicable law, statute, order, rule or regulation promulgated or judgment entered by any Governmental EntityBody, relating to or affecting the operation, conduct or ownership of the property or business of PROVIDENCE or such subsidiaries, which violation or default or alleged violation or default would have a material, adverse effect, on PROVIDENCE and its subsidiaries taken as a whole.