Common use of No Conflicts or Defaults Clause in Contracts

No Conflicts or Defaults. The execution and delivery of this Agreement by EXVG and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the governing documents of EXVG, 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 EXVG is a party or by which EXVG or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which their 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 EXVG, (iii) terminate or give any party the right to terminate, amend, abandon or refuse to perform any material agreement, arrangement or commitment to which EXVG is a party or by which EXVG 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 EXVG 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 Transaction Purchase Agreement (Next 1 Interactive, Inc.), Share Transaction Purchase Agreement (Next 1 Interactive, Inc.), Share Transaction Purchase Agreement (Next 1 Interactive, Inc.)

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No Conflicts or Defaults. The execution and delivery of this Agreement by EXVG EFT and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the governing documents of EXVGEFT, 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 EXVG EFT is a party or by which EXVG EFT or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which their 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 EXVGEFT, (iii) terminate or give any party the right to terminate, amend, abandon or refuse to perform any material agreement, arrangement or commitment to which EXVG EFT is a party or by which EXVG EFT 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 EXVG EFT 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 (Eft Biotech Holdings Inc), Share Exchange Agreement (Eft Biotech Holdings Inc)

No Conflicts or Defaults. The execution and delivery of this Agreement by EXVG First Capital and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the governing documents of EXVGFirst Capital, 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 EXVG First Capital is a party or by which EXVG First Capital or any of their its respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which their its 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 EXVGFirst Capital, (iii) terminate or give any party the right to terminate, amend, abandon or refuse to perform any material agreement, arrangement or commitment to which EXVG First Capital is a party or by which EXVG First Capital 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 EXVG First Capital 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 (China Rx Holdings, Inc.)

No Conflicts or Defaults. The execution and delivery of this Agreement by EXVG Acquisition and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the governing organizational documents of EXVGAcquisition, 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 EXVG Acquisition is a party or by which EXVG Acquisition or any of their respective its assets are is bound, or any judgment, order or decree, or any law, rule or regulation to which their Acquisition or any of its 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 EXVGassets, 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 EXVG Acquisition is a party or by which EXVG 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 EXVG Acquisition 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 (Global Entertainment Holdings/Equities Inc)

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No Conflicts or Defaults. The execution and delivery of this Agreement by EXVG ANS and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the governing documents of EXVGANS, 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 EXVG ANS is a party or by which EXVG or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which their 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 EXVG, ANS (iii) terminate or give any party parry the right to terminate, amend, abandon or refuse to perform any material agreement, arrangement or commitment to which EXVG ANS is a party or by which EXVG ANS 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 EXVG ANS 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 (Cinnabar Ventures Inc)

No Conflicts or Defaults. The execution and delivery of this Agreement by EXVG BVI and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the governing documents of EXVGBVI, 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 EXVG BVI is a party or by which EXVG BVI or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which their 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 EXVGBVI, (iii) terminate or give any party the right to terminate, amend, abandon or refuse to perform any material agreement, arrangement or commitment to which EXVG BVI is a party or by which EXVG BVI 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 EXVG BVI 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 (Renhuang Pharmaceuticals Inc)

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