Common use of No Conflicts or Violations; No Consents or Approvals Required Clause in Contracts

No Conflicts or Violations; No Consents or Approvals Required. (i) The execution and delivery by SU AssetCo of this Agreement does not and will not, and the consummation of the Transactions will not, result in a breach or constitute a default under the organizational documents of SU AssetCo (or, in the case of clause (ii) below, give any party to any Contract referred to in such clause, other than SU AssetCo or its successors, the right to cancel or terminate or modify in any material respect the rights or obligations of the parties under) (i) the organizational documents of SU AssetCo, (ii) any Contract to which SU AssetCo is a party or is bound or (iii) any Order to which SU AssetCo is subject or any Law applicable to SU AssetCo, except for, in the case of clauses (ii) and (iii) above, any such breach, violation or default that would not prohibit or restrict or impair in any material respect the ability of SU AssetCo to consummate the Transactions.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Oncor Electric Delivery Co LLC), Agreement and Plan of Merger (InfraREIT, Inc.)

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No Conflicts or Violations; No Consents or Approvals Required. (i) The execution and delivery by SU AssetCo of this Agreement does not and will not, and the consummation of the Transactions will not, result in a breach or constitute a default under the organizational documents of SU AssetCo (or, in the case of clause (ii) below, give any party to any a Contract referred to in such clause, other than SU AssetCo or its successors, the right to cancel or terminate or modify in any material respect the rights or obligations of the parties under) (i) the organizational documents of SU AssetCoSU, (ii) any Contract to which SU AssetCo is a party or is bound or (iii) any Order to which SU AssetCo is subject or any Law applicable to SU AssetCoSU, except for, in the case of clauses (ii) and (iii) above, any such breach, violation or default that would not prohibit or restrict or impair in any material respect the ability of reasonably be expected to have an SU AssetCo to consummate the TransactionsMaterial Adverse Effect.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (InfraREIT, Inc.), Agreement and Plan of Merger (Oncor Electric Delivery Co LLC)

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No Conflicts or Violations; No Consents or Approvals Required. (ia) The execution and delivery by each SU AssetCo Entity of this Agreement and the applicable Ancillary Agreements does not and will not, and the consummation of the Transactions will not, result in a any breach or violation of or constitute a default under the organizational documents of SU AssetCo (or, in the case of clause (ii) below, give any party to any Contract referred to in such clause, other than an SU AssetCo or its successorsEntity, the right to cancel or terminate or modify in any material respect the rights or obligations of the parties under) (i) the organizational documents of such SU AssetCoEntity, (ii) any Contract to which such SU AssetCo Entity is a party or is bound or (iii) any Order to which such SU AssetCo Entity is subject or any Law applicable to such SU AssetCoEntity, except for, in the case of clauses (ii) and (iii) above, any such breach, violation or default that would not prohibit or restrict or impair in any material respect the ability of reasonably be expected to have an SU AssetCo to consummate the TransactionsMaterial Adverse Effect.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (InfraREIT, Inc.), Agreement and Plan of Merger (Oncor Electric Delivery Co LLC)

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