Common use of No Conflict or Violation; Default Clause in Contracts

No Conflict or Violation; Default. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will violate, conflict with or result in a breach of or constitute a default under (a) or result in the termination or the acceleration of, or the creation in any Person of any right (whether or not with notice or lapse of time or both) to declare a default, accelerate, terminate, modify or cancel any indenture, Contract, lease, sublease, loan agreement, note or other obligation or Liability (each, a “Purchaser Contract”) to which Purchaser is a party or by which it is bound, (b) any provision of the certificate of incorporation or bylaws of Purchaser, (c) any judgment, Order, decree, rule or regulation of any Governmental Authority to which Purchaser or Purchaser’s business is subject or (d) any Applicable Laws or regulations. There is no (with or without the lapse of time or the giving of notice or both) violation or default or, to the Knowledge of Purchaser, threatened violation or default of or under any Purchaser Contract.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Camber Energy, Inc.), Asset Purchase Agreement (Lucas Energy, Inc.), Asset Purchase Agreement

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No Conflict or Violation; Default. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby or thereby will violate, conflict with or result in a breach of or constitute a default under (a) or result in the termination or the acceleration of, or the creation in any Person party of any right (whether or not with notice or lapse of time or both) to declare a default, accelerate, terminate, modify or cancel (a) any indenture, Contractcontract, lease, sublease, loan agreement, note or other obligation or Liability (each, a “Purchaser Contract”) liability to which Purchaser Seller is a party or by which it is bound, (b) any provision of the certificate articles of organization or regulations or articles of incorporation or bylaws (or similar organizational or governing documents) of PurchaserSeller, (c) any judgment, Orderorder, decree, rule or regulation of any Governmental Authority court or governmental agency to which Purchaser Seller or Purchaser’s business the Business is subject or (d) any Applicable Laws applicable laws or regulations. There is no (with or without the lapse of time or the giving of notice or both) violation or default or, to the Knowledge of Purchaser, threatened violation or default of or under any Purchaser Contract.

Appears in 3 contracts

Samples: Asset Purchase Agreement (iTalk Inc.), Asset Purchase Agreement (iTalk Inc.), Asset Purchase Agreement (Voip Inc)

No Conflict or Violation; Default. Neither the execution and delivery of oof this Agreement nor the consummation of the transactions contemplated hereby will violate, conflict with or result in a breach of or constitute a default under (a) or result in the termination or the acceleration of, or the creation in any Person of any right (whether or not with notice or lapse of time or both) to declare a default, accelerate, terminate, modify or cancel any indenture, Contractcontract, lease, sublease, loan agreement, note or other obligation or Liability liability (each, a “Purchaser Contract”) to which Purchaser is a party or by which it is bound, (b) any provision of the certificate of incorporation or bylaws of Purchaser, (c) any judgment, Orderorder, decree, rule or regulation of any Governmental Authority Body to which Purchaser or Purchaser’s business is subject or (d) any Applicable Laws applicable laws or regulations. There is no (with or without the lapse of time or the giving of notice or both) violation or default or, to the Knowledge knowledge of Purchaser, threatened violation or default of or under any Purchaser Contract.

Appears in 1 contract

Samples: Asset Purchase Agreement (Restaurant Concepts of America Inc.)

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No Conflict or Violation; Default. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will violate, conflict with or result in a breach of or constitute a default under (a) or result in the termination or the acceleration of, or the creation in any Person of any right (whether or not with notice or lapse of time or both) to declare a default, accelerate, terminate, modify or cancel any indenture, Contractcontract, lease, sublease, loan agreement, note or other obligation or Liability liability (each, a “Purchaser Seller Contract”) to which Purchaser is Sellers are a party or by which it is they are bound, (b) any provision of the certificate organizational documents of incorporation or bylaws of PurchaserSellers, (c) any judgment, Orderorder, decree, rule or regulation of any Governmental Authority Body to which Purchaser Sellers or Purchaser’s Sellers’ business is are subject or (d) any Applicable Laws applicable laws or regulations. There is no (with or without the lapse of time or the giving of notice or both) violation or default or, to the Knowledge knowledge of PurchaserSellers, threatened violation or default of or under any Purchaser Seller Contract.

Appears in 1 contract

Samples: Plan of Reorganization And (Petron Energy II, Inc.)

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