Common use of No Conflicts or Defaults Clause in Contracts

No Conflicts or Defaults. The execution and delivery of this Agreement by Acquisition and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the organizational documents of Acquisition or any subsidiary, or (b) with or without the giving of notice or the passage of time, (i) violate, conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which Acquisition or such subsidiary is a party or by which Acquisition or such subsidiary or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which Acquisition, such subsidiary or any of their respective assets are subject, (ii) result in the creation of, or give any party the right to create, any Lien upon any of the assets of any subsidiary, or (iii) terminate or give any party the right to terminate, amend, abandon or refuse to perform, any material agreement, arrangement or commitment to which any subsidiary is a party or by which any subsidiary or any of its assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which any subsidiary is to perform any duties or obligations or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.

Appears in 3 contracts

Samples: Share Exchange Agreement (Alec Bradley Cigar Corp/Fl), Share Exchange Agreement (Cataldo William A), Share Exchange Agreement (Online Vacation Center Holdings Corp)

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No Conflicts or Defaults. The execution and delivery of this Agreement by Acquisition TRBT and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the organizational governing documents of Acquisition TRBT or any subsidiaryof its subsidiaries, or (b) with or without the giving of notice or the passage of time, (i) violate, conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which Acquisition TRBT or such subsidiary any of its subsidiaries is a party or by which Acquisition TRBT or such subsidiary any of its subsidiaries or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which Acquisition, such subsidiary or any of their respective assets are subject, (ii) result in the creation of, or give any party the right to create, any Lien lien upon any of the assets of TRBT or any subsidiaryof its subsidiaries, or (iii) terminate or give any party parry the right to terminate, amend, abandon or refuse to perform, perform any material agreement, arrangement or commitment to which any subsidiary TRBT is a party or by which any subsidiary TRBT or any of its assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which any subsidiary TRBT is to perform any duties or obligations or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.

Appears in 2 contracts

Samples: Share Exchange Agreement (China Growth Development, Inc.), Share Exchange Agreement (Teeka Tan Products, Inc.)

No Conflicts or Defaults. The execution and delivery of this Agreement by Acquisition AAG and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the organizational documents of Acquisition AAG or any subsidiary, or (b) with or without the giving of notice or the passage of time, (i) violate, conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which Acquisition AAG or such subsidiary is a party or by which Acquisition AAG or such subsidiary or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which AcquisitionAAG, such subsidiary or any of their respective assets are subject, (ii) result in the creation of, or give any party the right to create, any Lien upon any of the assets of any subsidiary, or (iii) terminate or give any party the right to terminate, amend, abandon or refuse to perform, any material agreement, arrangement or commitment to which any subsidiary is a party or by which any subsidiary or any of its assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which any subsidiary is to perform any duties or obligations or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.

Appears in 1 contract

Samples: Share Exchange Agreement (Associated Automotive Group Inc)

No Conflicts or Defaults. The execution and delivery of this Agreement by Acquisition Times and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the organizational governing documents of Acquisition Times or any subsidiaryof the Subsidiaries, or (b) with or without the giving of notice or the passage of time, (i) violate, conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which Acquisition Times or such subsidiary any of the Subsidiaries is a party or by which Acquisition Times or such subsidiary any of the Subsidiaries or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which Acquisition, such subsidiary or any of their respective assets are subject, (ii) result in the creation of, or give any party the right to create, any Lien lien upon any of the assets of Times or any subsidiaryof the Subsidiaries, or (iii) terminate or give any party parry the right to terminate, amend, abandon or refuse to perform, perform any material agreement, arrangement or commitment to which any subsidiary Times is a party or by which any subsidiary Times or any of its assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which any subsidiary Times is to perform any duties or obligations or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.

Appears in 1 contract

Samples: Share Exchange Agreement (SRKP 9 Inc)

No Conflicts or Defaults. The execution and delivery of this Agreement by Acquisition each of the CAT9 Entities and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the organizational governing documents of Acquisition any of the CAT9 Entities or any subsidiaryits Subsidiaries, or (b) with or without the giving of notice or the passage of time, (i) violate, conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which Acquisition or such subsidiary is a party any of the CAT9 Entities or by which Acquisition or such subsidiary any of the CAT9 Entities or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which Acquisition, such subsidiary or any of their respective assets are subject, (ii) result in the creation of, or give any party the right to create, any Lien lien upon any of the assets of any subsidiaryof the CAT9 Entities, or (iii) terminate or give any party the right to terminate, amend, abandon or refuse to perform, perform any material agreement, arrangement or commitment to which any subsidiary of the CAT9 Entities is a party or by which any subsidiary of the CAT9Entities or any of its their respective assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which any subsidiary of the CAT9Entities is to perform any duties or obligations or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.

Appears in 1 contract

Samples: Share Exchange Agreement (CAT9 Group Inc.)

No Conflicts or Defaults. The execution and delivery of this Exchange Agreement by Acquisition the Vendor and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the organizational governing documents of Acquisition or any subsidiarythe Vendor, or (b) with or without the giving of notice or the passage of time, (i) violate, conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which Acquisition or such subsidiary the Vendor is a party or by which Acquisition or such subsidiary the Vendor or any of their its respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which Acquisition, such subsidiary the Vendor or any of their its respective assets are subject, (ii) result in the creation of, or give any party the right to create, any Lien lien upon any of the assets of any subsidiarythe Vendor, or including its interest in Megabase, (iii) terminate or give any party the right to terminate, amend, abandon or refuse to perform, any material agreement, arrangement or commitment to which any subsidiary Vendor or Megabase is a party or by which any subsidiary the Vendor or Megabase or any of its their respective assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which any subsidiary the Vendor or Megabase is to perform any duties or obligations or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.

Appears in 1 contract

Samples: Share Exchange Agreement (Fantatech Inc)

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No Conflicts or Defaults. The execution and delivery of this Agreement by Acquisition each of the Sellers and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the organizational governing documents of Acquisition or any subsidiarysaid Seller, or (b) with or without the giving of notice or the passage of time, (i) violate, conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which Acquisition Fine Ventures or such subsidiary any Seller is a party or by which Acquisition Fine Ventures or such subsidiary any Seller or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which Acquisition, such subsidiary Fine Ventures or any Seller or any of their respective assets are subject, (ii) result in the creation of, or give any party the right to create, any Lien lien upon any of the assets of any subsidiaryFine Ventures, or (iii) terminate or give any party the right to terminate, amend, abandon or refuse to perform, any material agreement, arrangement or commitment to which any subsidiary Fine Ventures is a party or by which any subsidiary Fine Ventures or any of its respective assets are is bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which any subsidiary Fine Ventures is to perform any duties or obligations or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.

Appears in 1 contract

Samples: Exchange Agreement (Savon Team Sports Inc)

No Conflicts or Defaults. The execution and delivery of this Agreement by Acquisition Highpower and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the organizational governing documents of Acquisition Highpower or any subsidiarythe Subsidiary, or (b) with or without the giving of notice or the passage of time, (i) violate, conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which Acquisition Highpower or such subsidiary the Subsidiary is a party or by which Acquisition Highpower or such subsidiary the Subsidiary or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which Acquisition, such subsidiary or any of their respective assets are subject, (ii) result in the creation of, or give any party the right to create, any Lien lien upon any of the assets of any subsidiaryHighpower or the Subsidiary, or (iii) terminate or give any party the right to terminate, amend, abandon or refuse to perform, perform any material agreement, arrangement or commitment to which any subsidiary Highpower is a party or by which any subsidiary Highpower or any of its assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which any subsidiary Highpower is to perform any duties or obligations or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.

Appears in 1 contract

Samples: Share Exchange Agreement (Hong Kong Highpower Technology, Inc.)

No Conflicts or Defaults. The execution and delivery of this Agreement by Acquisition Full Art and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the organizational governing documents of Acquisition Full Art or any subsidiaryof the Subsidiaries, or (b) with or without the giving of notice or the passage of time, (i) violate, conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which Acquisition Full Art or such subsidiary the Subsidiary is a party or by which Acquisition Full Art or such subsidiary the Subsidiary or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which Acquisition, such subsidiary or any of their respective assets are subject, (ii) result in the creation of, or give any party the right to create, any Lien lien upon any of the assets of any subsidiaryFull Art or the Subsidiary, or (iii) terminate or give any party parry the right to terminate, amend, abandon or refuse to perform, perform any material agreement, arrangement or commitment to which any subsidiary Full Art or its Subsidiary is a party or by which any subsidiary Full Art or any of its Subsidiaries or any of their respective assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which Full Art or any subsidiary its Subsidiary is to perform any duties or obligations or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.

Appears in 1 contract

Samples: Share Exchange Agreement (SRKP 1 Inc)

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