Common use of No Conflicts or Defaults; No Liens or Encumbrances Clause in Contracts

No Conflicts or Defaults; No Liens or Encumbrances. Neither the execution and delivery of this Lease Agreement, the Property Lease or the Trust Agreement nor the fulfillment of or compliance with the terms and conditions hereof or thereof, nor the consummation of the transactions contemplated hereby or thereby, conflicts with or results in a breach of the terms, conditions or provisions of the by-laws of the Authority or any restriction or any agreement or instrument to which the Authority is now a party or by which the Authority is bound, or constitutes a default under any of the foregoing, or results in the creation or imposition of any lien, charge or encumbrance whatsoever upon any of the property or assets of the Authority or upon the Property, except for Permitted Encumbrances.

No Conflicts or Defaults; No Liens or Encumbrances. Neither the execution and delivery of this Lease Lease, the Assignment Agreement, the Property Site Lease or the Trust Agreement Agreement, nor the fulfillment of or compliance with the terms and conditions hereof or thereof, nor the consummation of the transactions contemplated hereby or thereby, conflicts with or results in a breach of the terms, conditions or provisions of the by-laws Articles of Incorporation or Bylaws of the Authority Lessor or any restriction or any agreement or instrument to which the Authority Lessor is now a party or by which the Authority Lessor is bound, or constitutes a default under any of the foregoing, or results in the creation or imposition of any lien, charge or encumbrance whatsoever upon any of the property or assets of the Authority Lessor, or upon the Property, Property except for by Permitted EncumbrancesEncumbrances and by the pledge contained in the Trust Agreement.