Common use of No Conflict with Other Instruments; Compliance with Laws Clause in Contracts

No Conflict with Other Instruments; Compliance with Laws. Subject -------------------------------------------------------- to obtaining authorization of the issuance of the Securities and subject to Section 9 hereof, the execution, delivery and performance of this Agreement will not result in any material violation of, be in material conflict with, or constitute a material default under, with or without the passage of time or the giving of notice (i) any provision of the Charter or the Bylaws; (ii) any provision of any judgment, decree or order to which the Company is a party or by which it is bound; (iii) any material contract, obligation or commitment to which the Company is a party or by which it is bound; or (iv) any material statute, rule or governmental regulation applicable to the Company. The Company is conducting its business in compliance with all material statutes, rules and governmental regulations applicable to the Company, and has obtained all licenses, permits and other governmental authorizations required thereby, where the failure to do so would have a material adverse effect on the Company or its business.

No Conflict with Other Instruments; Compliance with Laws. Subject -------------------------------------------------------- to obtaining authorization of the issuance of the Securities and subject to Section 9 hereof, the execution, delivery and performance of this Agreement will not result in any material violation of, be in material conflict with, or constitute a material default under, with or without the passage of time or the giving of notice (i) any provision of the Charter or the Bylaws; (ii) any provision of any judgment, decree or order to which the Company is a party or by which it is bound; (iii) any material contract, obligation or commitment to which the Company is a party or by which it is bound; or (iv) any material statute, rule or governmental regulation applicable to the Company. The Company is conducting its business in compliance with all material statutes, rules and governmental regulations applicable to the Company, and has obtained all licenses, permits and other governmental authorizations required thereby, where the failure to do so would have a material adverse effect on the Company or its business.