Common use of No Conflict; Legal Compliance Clause in Contracts

No Conflict; Legal Compliance. Except as set forth on Schedule 3.02(c), (i) Neither the execution, delivery, nor performance of this Agreement by the Manager, nor any action or omission on the part of the Manager required pursuant hereto, nor the consummation of the Transactions by the Manager will (A) result in a breach or violation of, or constitute a default under, any Legal Requirement applicable to the Manager, (B) result in a breach of any term or provision of the organizational documents of the Manager or (C) constitute a default or result in the cancellation, termination, acceleration, breach or violation of any agreement (other than the Advisory Agreements), instrument or other material document to which the Manager is a party or by which any of the Manager's properties is bound, or give any Person the right to declare any such default, cancellation, termination, acceleration, breach or violation or to exercise any remedy or obtain any other relief under any such agreement, instrument, indenture or other material document or under any Legal Requirement, except, in the case of (A) or (C), as would not reasonably be expected to result in a Material Adverse Effect with respect to the Manager; and (ii) the Manager is not, nor will it be, required to give any notice to or obtain any consent from any Person in connection with the execution and delivery of this Agreement that has not already been given or obtained.

Appears in 2 contracts

Samples: Contribution Agreement (CorEnergy Infrastructure Trust, Inc.), Contribution Agreement (CorEnergy Infrastructure Trust, Inc.)

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No Conflict; Legal Compliance. Except as set forth on Schedule 3.02(c), (i) Neither the execution, delivery, nor performance of this Agreement by the Manager, nor any action or omission on the part of the Manager required pursuant hereto, nor the consummation of the Transactions by the Manager will (A) result in a breach or violation of, or constitute a default under, any Legal Requirement applicable to the Manager, (B) result in a breach of any term or provision of the organizational documents of the Manager or (C) constitute a default or result in the cancellation, termination, acceleration, breach or violation of any agreement (other than the Advisory Agreements)agreement, instrument or other material document to which the Manager or any of its Subsidiaries is a party or by which any of the Manager's ’s or any of its Subsidiaries’ properties is bound, or give any Person the right to challenge any such transaction, declare any such default, cancellation, termination, acceleration, breach or violation or to exercise any remedy or obtain any other relief under any such agreement, instrument, indenture or other material document or under any Legal Requirement, except, in the case of (A) or (C), as would not reasonably be expected to result in a Material Adverse Effect with respect to the Manager; and (ii) the neither the Manager is notnor any of its Subsidiaries is, nor or will it be, required to give any notice to or obtain any consent from any Person in connection with the execution and delivery of this Agreement that has not already been given or obtained.

Appears in 2 contracts

Samples: Contribution Agreement, Contribution Agreement (Starwood Waypoint Residential Trust)

No Conflict; Legal Compliance. Except as set forth on Schedule 3.02(c), (i) Neither the execution, delivery, nor performance of this Agreement by the ManagerContributor, nor any action or omission on the part of the Manager Contributor required pursuant hereto, nor the consummation of the Transactions by the Manager Contributor will (A) result in a breach or violation of, or constitute a default under, any Legal Requirement applicable to the ManagerContributor, (B) result in a breach of any term or provision of the organizational documents of the Manager Contributor or (C) constitute a default or result in the cancellation, termination, acceleration, breach or violation of any agreement (other than the Advisory Agreements)agreement, instrument or other material document to which the Manager Contributor is a party or by which any of the Manager's Contributor’s properties is bound, or give any Person the right to challenge any such transaction, to declare any such default, cancellation, termination, acceleration, breach or violation or to exercise any remedy or obtain any other relief under any such agreement, instrument, indenture or other material document or under any Legal Requirement, except, in the case of (A) or (C), as would not reasonably be expected to result in a Material Adverse Effect with respect to the Manager; and (ii) the Manager Contributor is not, nor will it be, required to give any notice to or obtain any consent from any Person in connection with the execution and delivery of this Agreement that has not already been given or obtained.

Appears in 2 contracts

Samples: Contribution Agreement, Contribution Agreement (Starwood Waypoint Residential Trust)

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No Conflict; Legal Compliance. Except as set forth on Schedule 3.02(c), (i) Neither the execution, delivery, nor performance of this Agreement by the Managersuch Contributor, nor any action or omission on the part of the Manager such Contributor required pursuant hereto, nor the consummation of the Transactions by the Manager such Contributor will (A) result in a breach or violation of, or constitute a default under, any Legal Requirement applicable to the Managersuch Contributor, (B) result in a breach of any term or provision of the organizational documents of the Manager such Entity Contributor or (C) constitute a default or result in the cancellation, termination, acceleration, breach or violation of any agreement (other than the Advisory Agreements)agreement, instrument or other material document to which the Manager such Contributor is a party or by which any of the Manager's such Contributor’s properties is are bound, or give any Person the right to challenge any such transaction, to declare any such default, cancellation, termination, acceleration, breach or violation or to exercise any remedy or obtain any other relief under any such agreement, instrument, indenture or other material document or under any Legal Requirement, except, except in the case of (A) or (C), as would not reasonably be expected to result in a Material Adverse Effect with respect to the ManagerEffect; and (ii) the Manager such Contributor is not, nor will it be, required to give any notice to or obtain any consent from any Person in connection with the execution and delivery of this Agreement that has not already been given or obtained.

Appears in 1 contract

Samples: Management Agreement (Bluerock Residential Growth REIT, Inc.)

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