Common use of No Lien, No Violation Clause in Contracts

No Lien, No Violation. The execution, delivery, and performance of this Agreement by Seller will not (a) violate any provision of Seller’s governing documents, (b) create an Encumbrance (other than a Permitted Encumbrance) on the Assets or trigger an outstanding security interest in or right to buy any of the Assets that will remain in existence after Closing, (c) violate or be in conflict with any agreement or instrument to which Seller is a party and which affects the Assets, or (d) violate or be in conflict with any Law applicable to Seller as a party in interest or any of the Assets.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Earthstone Energy Inc), Purchase and Sale Agreement (Earthstone Energy Inc)

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No Lien, No Violation. The execution, delivery, and performance of this Agreement by Seller will not (a1) violate any provision of Seller’s governing documents, (b2) create an Encumbrance (other than a Permitted Encumbrance) on the Assets or trigger an outstanding security interest in or right to buy any of the Assets that will remain in existence after Closing, (c3) violate or be in conflict with any agreement or instrument to which Seller is a party and which affects the Assets, or (d4) violate or be in conflict with any Law applicable to Seller as a party in interest or any of the Assets.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Earthstone Energy Inc)

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No Lien, No Violation. The execution, delivery, delivery and performance of this Agreement by the Seller will not (a) violate any provision of the Seller’s 's governing documents, (b) create an Encumbrance (other than a Permitted Encumbrance) lien, mortgage, security interest, pledge, charge, or similar encumbrance on the Assets or trigger an outstanding security interest in or right to buy any of the Assets that will remain in existence after Closing, (c) violate violate, or be in conflict with with, any agreement or instrument to which the Seller is a party and which affects the Assets, or Assets and (d) to the Seller's Knowledge, violate or be in conflict with any Law applicable to Seller as a party in interest or any of the AssetsSeller.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Empire Petroleum Corp)

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