Common use of No Conflict; Government Consents Clause in Contracts

No Conflict; Government Consents. Except as set forth on Schedule 5.3 of the Disclosure Letter, the execution, delivery and performance by each Credit Party of the Loan Documents to which it is a party have been duly authorized and do not (i) conflict with any of such Credit Party’s Operating Documents, (ii) contravene, conflict with, constitute a default under or violate any material Requirement of Law, (iii) contravene, conflict or violate any applicable order, writ, judgment, injunction, decree, determination or award of any Governmental Authority by which such Credit Party or any of its Subsidiaries or any of their property or assets may be bound or affected, (iv) require any action by, filing, registration, or qualification with, or Governmental Approval from, any Governmental Authority (except (x) such Governmental Approvals which have already been obtained and are in full force and effect, and (y) for filings and recordings with respect to the Collateral to be made, or otherwise delivered to Lender for filing and/or recordation on or after the Effective Date), (v) constitute a breach of or a default or event of default under, or result in or permit the termination or acceleration of, any Material Contract by which such Credit Party is bound or (vi) require any approval of stockholders, members or partners or any approval or consent of any Person except for such approvals or consents which will be obtained on or before the Effective Date and disclosed in writing to Lender. Without limiting Section 5.11 hereof, neither Borrower nor any of its Subsidiaries is in default under or breach of any agreement to which it is a party or by which it or its assets are bound in which the default thereunder or breach thereof could reasonably be expected to have a Material Adverse Change.

Appears in 2 contracts

Samples: Loan Agreement (iRhythm Technologies, Inc.), Loan Agreement (iRhythm Technologies, Inc.)

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No Conflict; Government Consents. Except as set forth on in Schedule 5.3 of the Disclosure Letter5.3, the execution, delivery and performance by each Credit Party of the Loan Documents to which it is a party have been duly authorized and do not (i) conflict with any of such Credit Party’s Operating Documents, (ii) contravene, conflict with, constitute a default under or violate any material Requirement of Law, (iii) contravene, conflict or violate any applicable order, writ, judgment, injunction, decree, determination or award of any Governmental Authority by which such Credit Party or any of its Subsidiaries or any of their property or assets may be bound or affectedaffected and which has resulted or could reasonably be expected to result in a Material Adverse Change, (iv) require any action by, filing, registration, or qualification with, or Governmental Approval from, any Governmental Authority (except (x) such Governmental Approvals which have already been obtained and are in full force and effect, and (y) for filings and recordings with respect to the Collateral to be made, or otherwise delivered to the Lender for filing and/or or recordation on or after the Effective Tranche A Closing Date), (v) constitute a breach of or a default or an event of default under, or result in or permit the termination or acceleration of, under any Material Contract agreement by which such Credit Party is bound in which the default has resulted or could reasonably be expected to result in a Material Adverse Change or (vi) require any approval of stockholders, members or partners or any approval or consent of any Person except for such approvals or consents which will be obtained on or before the Effective Tranche A Closing Date and disclosed in writing to Lender. Without limiting Section 5.11 hereof, neither Borrower nor any of its Subsidiaries is in default under or breach of any agreement to which it is a party or by which it or its assets are is bound in which the default thereunder or breach thereof could reasonably be expected to have a Material Adverse Change.;

Appears in 1 contract

Samples: Loan and Security Agreement (Novocure LTD)

No Conflict; Government Consents. Except as set forth on Schedule 5.3 of the Disclosure Letter, the The execution, delivery and performance by each Credit Party of the Loan Documents to which it is a party have been duly authorized and do not (i) conflict with any of such Credit Party’s Operating Documents, (ii) contravene, conflict with, constitute a default under or violate any material Requirement of Law, (iii) contravene, conflict or violate any applicable order, writ, judgment, injunction, decree, determination or award of any Governmental Authority by which such Credit Party or any of its Subsidiaries or any of their property or assets may be bound or affected, (iv) require any action by, filing, registration, or qualification with, or Governmental Approval from, any Governmental Authority (except (x) such Governmental Approvals which have already been obtained and are in full force and effect, and (y) for filings and recordings with respect to the Collateral to be made, or otherwise delivered to Lender the Administrative Agent for filing and/or recordation on or after the Effective DateDate and (z) any registration, consent, approval, notice or action to the extent that the failure to undertake or obtain such registration, consent, approval, notice or action could not reasonably be expected to result in a Material Adverse Change), (v) constitute a breach of or a default or an event of default under, or result in or permit the termination or acceleration of, under any Material Contract material agreement by which such Credit Party is bound or (vi) require any approval of stockholders, members or partners or any approval or consent of any Person except for such approvals or consents which will be obtained on or of before the Effective Date and disclosed in writing to Lenderthe Administrative Agent and except for any such approvals or consents the failure of which to obtain will not result in a Material Adverse Change. Without limiting Section 5.11 hereof, neither Borrower nor any of its Subsidiaries No Credit Party is in default under or breach of any agreement to which it is a party or by which it or its assets are is bound in which the default thereunder or breach thereof could reasonably be expected to have a Material Adverse Changematerial adverse effect on such Credit Party’s business.

Appears in 1 contract

Samples: Loan and Security Agreement (Horizon Pharma, Inc.)

No Conflict; Government Consents. Except as set forth on Schedule 5.3 4.3 of the Disclosure Letter, the execution, delivery and performance by each Credit Party of the Loan Documents to which it is a party have been duly authorized and do not (ia) conflict with any of such Credit Party’s Operating Documents, (iib) contravene, conflict with, constitute a default under or violate any material Requirement Requirements of Law, (iiic) contravene, conflict or violate any applicable order, writ, judgment, injunction, decree, determination or award of any Governmental Authority by which such Credit Party or any of its Subsidiaries or any of its or their property respective properties or assets may be bound or affectedbound, (ivd) require any action by, filing, registration, or qualification with, or Governmental Approval from, any Governmental Authority (except (xi) such Governmental Approvals which have already been obtained and are in full force and effect, and (yii) for filings and recordings with respect to the Collateral to be made, or otherwise delivered to Lender for filing and/or or recordation on or after the Effective Tranche A Closing Date), (ve) constitute a material breach of or a material default or an event of default under, or result in or permit the termination or acceleration of, any Material Contract by which such Credit Party is bound or (vif) require any approval of stockholders, members or partners or any approval or consent of any Person except for such approvals or consents which will be obtained on or before the Effective Date and disclosed in writing to LenderTranche A Closing Date. Without limiting Section 5.11 4.11 hereof, neither Borrower nor any of its Subsidiaries is in default under or breach of any agreement Contract to which it is a party or by which it or its properties or assets are bound or affected in which the default thereunder or breach thereof could reasonably be expected to have a Material Adverse Change.

Appears in 1 contract

Samples: Loan Agreement (SI-BONE, Inc.)

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No Conflict; Government Consents. Except as set forth on in Schedule 5.3 of the Disclosure Letter5.3, the execution, delivery and performance by each Credit Party of the Loan Documents to which it is a party have been duly authorized and do not (i) conflict with any of such Credit Party’s Operating Documents, (ii) contravene, conflict with, constitute a default under or violate any material Requirement of Law, (iii) contravene, conflict or violate any applicable order, writ, judgment, injunction, decree, determination or award of any Governmental Authority by which such Credit Party or any of its Subsidiaries or any of their property or assets may be bound or affectedaffected and which has resulted or could reasonably be expected to result in a Material Adverse Change, (iv) require any action by, filing, registration, or qualification with, or Governmental Approval from, any Governmental Authority (except (x) such Governmental Approvals which have already been obtained and are in full force and effect, and (y) for filings and recordings with respect to the Collateral to be made, or otherwise delivered to the Lender for filing and/or or recordation on or after the Effective Funding Date), (v) constitute a breach of or a default or an event of default under, or result in or permit the termination or acceleration of, under any Material Contract agreement by which such Credit Party is bound in which the default has resulted or could reasonably expected to result in a Material Adverse Change or (vi) require any approval of stockholders, members or partners or any approval or consent of any Person except for such approvals or consents which will be obtained on or before the Effective Funding Date and disclosed in writing to Lender. Without limiting Section 5.11 hereof, neither Borrower nor any of its Subsidiaries is in default under or breach of any agreement to which it is a party or by which it or its assets are bound in which the default thereunder or breach thereof could reasonably be expected to have a Material Adverse Change.limiting

Appears in 1 contract

Samples: Loan and Security Agreement (Novocure LTD)

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