No Holder's Defaults Sample Clauses

No Holder's Defaults. Neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby, violates any statute, ordinance, regulation, order, judgment or decree of any court or governmental agency, or conflicts with or will result in any breach of any of the terms of or constitute a default under or result in the termination of or the creation of any lien upon the Preferred Shares pursuant to the terms of any contract or agreement to which any of the Holders is a party or by which any of the Holders or any of their respective assets are bound.