Common use of No Defaults or Conflicts Clause in Contracts

No Defaults or Conflicts. Neither the execution and delivery of this Agreement or any other document delivered pursuant to the terms of this Agreement to which Seller is or will at the Closing be a party, nor the consummation of the transactions contemplated hereby and thereby by Seller, nor the performance by Seller of its obligations hereunder and thereunder, will (a) constitute a breach or result in any violation of the governing documents of Seller; or (b) violate, conflict with, result in the acceleration of, create in any Person the right to accelerate, terminate, modify or cancel, require any notice or consent under or constitute a default under: (i) any note, bond, mortgage, indenture, guarantee, license, franchise, permit, agreement, understanding, arrangement, contract, commitment, lease or other instrument or obligation to which Seller is a party or by which it or any of their respective properties or assets is bound; or (ii) any applicable law, rule, regulation, judgment, order or decree of any Governmental Authority having jurisdiction over Seller or any of its assets, except in the case of this clause (b), any such item which could not reasonably be expected to have a material adverse effect on Seller’s ability to consummate the transactions contemplated hereby.

No Defaults or Conflicts. Neither the execution and delivery of this Agreement or any other document delivered pursuant to the terms of this Agreement to which Seller Purchaser is or will at the Closing be a party, nor the consummation of the transactions contemplated hereby and thereby by Seller, Purchaser nor the performance by Seller Purchaser of its obligations hereunder and thereunder, will (a) constitute a breach or result in any violation of the governing documents of SellerPurchaser; or (b) violate, conflict with, result in the acceleration of, create in any Person the right to accelerate, terminate, modify or cancel, require any notice or consent under or constitute a default under: (i) any note, bond, mortgage, indenture, guarantee, license, franchise, permit, agreement, understanding, arrangement, contract, commitment, lease or other instrument or obligation to which Seller Purchaser is a party or by which it or any of their respective its properties or assets is bound; or (ii) any applicable law, rule, regulation, judgment, order or decree of any Governmental Authority having jurisdiction over Seller Purchaser or any of its assets, except in the case of this clause (b), any such item which could not reasonably be expected to have a material adverse effect on SellerPurchaser’s ability to consummate the transactions contemplated hereby.