Common use of No Consent, Violation or Conflict Clause in Contracts

No Consent, Violation or Conflict. The execution and delivery of the Transaction Documents by MSLP, the consummation by each of Purchaser of the transactions contemplated thereby, and compliance by each with the provisions hereof: (a) do not and will not violate or, if applicable, conflict with any provision of Law, or any provision of ‘such party’s Organizational Documents; and (b) do not and will not, with or without the passage of time or the giving of notice, result in the breach of, cause the acceleration of performance or constitute a default or require any consent under, any instrument or agreement to which Purchaser or MSLP is a party or by which Purchaser, MSLP or their respective properties may be bound or affected, other than instruments or agreements as to which consent shall have been obtained at or prior to the Closing Date or any breaches or defaults which would not affect Purchaser and MSLP’s ability to consummate the transactions contemplated thereby. The consummation of the transactions contemplated hereby will not require any consent, approval, authorization or permit of, or filing or registration with or notification to, any Governmental Entity or any other Person, other than compliance with the applicable requirements of the Exchange Act and the Securities Act.

Appears in 2 contracts

Samples: Asset Purchase Agreement (MusclePharm Corp), Asset Purchase Agreement (Biozone Pharmaceuticals, Inc.)

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No Consent, Violation or Conflict. The execution and delivery of the Transaction Documents by MSLPthe Company and Purchaser, the consummation by each of the Company and Purchaser of the transactions contemplated thereby, and compliance by each with the provisions hereof: (a) do not and will not violate or, if applicable, conflict with any provision of Lawlaw, or any provision of such party’s Organizational Documentsorganizational documents; and (b) do not and will not, with or without the passage of time or the giving of notice, result in the breach of, cause the acceleration of performance or constitute a default or require any consent under, any instrument or agreement to which the Company or Purchaser or MSLP is a party or by which Purchaserthe Company, MSLP Purchaser or their respective properties may be bound or affected, other than instruments or agreements as to which consent shall have been obtained at or prior to the Closing Date or any breaches or defaults which would not affect Purchaser the Company and MSLPPurchaser’s ability to consummate the transactions contemplated thereby. The consummation of the transactions contemplated hereby will not require any consent, approval, authorization or permit of, or filing or registration with or notification to, any Governmental Entity governmental entity or any other Personperson, other than compliance with the applicable requirements of the Securities Exchange Act of 1934, as amended, and the Securities Act.

Appears in 2 contracts

Samples: Confidential Patent Purchase Agreement (Spiral Energy Tech., Inc.), Confidential Patent Purchase Agreement (Spherix Inc)

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