Common use of No Conflicts or Litigation Clause in Contracts

No Conflicts or Litigation. The execution, delivery and performance by each Seller of each Transaction Document to which it is a party do not and will not (a) violate any Governmental Requirement (b) conflict with, result in a breach of or constitute a default under any of the Charter Documents of the Sellers, (c) conflict with, cause to be void or voidable, result in a breach of, constitute a default under or accelerate or permit the acceleration of the performance required by any of the Sellers under, any agreement or instrument to which any Seller is a party or by which any Seller is bound, (d) result in the creation of any Lien upon any of the assets of any of the Sellers under any such agreement or instrument or (e) terminate or give any party thereto the right to terminate any such agreement or instrument. No Litigation is pending or, to the knowledge of the Seller Parties, threatened to which any of the Sellers are or may become a party which (x) questions or involves the validity or enforceability of any of the obligations of any of the Sellers under any Transaction Document or (y) seeks (or reasonably may be expected to seek) (i) to prevent or delay the consummation by any Seller of the transactions contemplated by any Transaction Document to which it is a party or (ii) damages in connection with any consummation by any Seller of the transactions contemplated by any Transaction Document to which it is a party.

No Conflicts or Litigation. The execution, delivery and performance by each Seller Shareholder of each Transaction Document to which it is a party do not and will not (a) violate or conflict with any Governmental Requirement Requirement, (b) conflict with, result in a breach of of, or constitute a default under any of the its Charter Documents of the SellersDocuments, (c) conflict with, cause to be void or voidable, result in a breach of, constitute a default under or accelerate or permit the acceleration of the performance required by any of the Sellers under, such Shareholder under any agreement or instrument to which any Seller such Shareholder is a party or by which any Seller Shareholder is bound, (d) result in the creation of any Lien Lien, upon any of the assets Capital Stock of Sellers or upon any revenues, income or profits of the Sellers under any such agreement or instrument Shareholder therefrom or (e) terminate or give any party thereto the right to terminate any such agreement or instrument. No Litigation is pending or, to the knowledge of the Seller Partiessuch Shareholder, threatened to which any of the Sellers are such Shareholder is or may become a party which (x) questions or involves the validity or enforceability of any of the obligations of any of the Sellers Shareholder under any Transaction Document or (y) seeks (or reasonably may be expected to seek) (i) to prevent or delay the consummation by any Seller such Shareholder of the transactions contemplated by any Transaction Document this Agreement to which it is a party be consummated by such Shareholder or (ii) damages in connection with any consummation by any Seller such Shareholder of the transactions contemplated by any Transaction Document to which it is a partythis Agreement.