Common use of No Conflict; Legal Compliance Clause in Contracts

No Conflict; Legal Compliance. Neither the execution, delivery, nor performance of this Agreement by the Agency, nor any action or omission on the part of the Agency required pursuant hereto, nor the consummation of the transactions contemplated by this Agreement will (i) to the best knowledge of the Agency, result in a material breach or material violation of, or constitute a material default under, any Legal Requirement, (ii) result in a material breach of any term or provision of the charter documents of the Agency, or (iii) constitute a material default or result in the cancellation, termination, acceleration of, any obligation, or other material breach or violation of any loan or other agreement, instrument, indenture, lease, or other material document to which the Agency is a party or by which any of the properties of the Agency 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 loan or other agreement, instrument, indenture, lease, or other material document or under any Legal Requirement. The Agency neither is nor will be required to give any notice to or obtain any consent from any Person in connection with the execution and delivery of this Agreement which has not already been given or obtained.

No Conflict; Legal Compliance. Neither the execution, delivery, nor performance of this Agreement by the AgencyCity, nor any action or omission on the part of the Agency City required pursuant hereto, nor the consummation of the transactions contemplated by this Agreement will (i) to the best knowledge of the AgencyCity’s knowledge, result in a material breach or material violation of, or constitute a material default under, any Legal Requirement, (ii) result in a material breach of any term or provision of the charter documents of the AgencyCity, or (iii) constitute a material default or result in the cancellation, termination, acceleration of, any obligation, or other material breach or violation of any loan or other agreement, instrument, indenture, lease, or other material document to which the Agency City is a party or by which any of the properties of the Agency City 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 loan or other agreement, instrument, indenture, lease, or other material document or under any Legal Requirement. The Agency City neither is nor will be required to give any notice to or obtain any consent from any Person in connection with the execution and delivery of this Agreement which has not already been given or obtained.