Common use of No Violation of Law or Agreements Clause in Contracts

No Violation of Law or Agreements. The execution and delivery of this Agreement by each of the eRoom Parties in the manner contemplated herein and the performance and compliance with the terms hereof by it (i) shall not violate: (A) its articles of incorporation or bylaws, or (B) any laws that could have any material adverse effect whatsoever upon the validity, performance or enforceability of any of the terms of this Agreement or the other Operative Documents applicable to such eRoom Party, and (ii) will not constitute a material default (or an event that, with notice or lapse of time or both, would constitute a material default) under, or result in the breach of, any material contract, agreement or other instrument to which such eRoom Party is a party or that may be applicable to it or any of its assets.

No Violation of Law or Agreements. The execution and delivery of this Agreement by each of the eRoom Parties Lender in the manner contemplated herein and the performance and compliance with the terms hereof by it (i) shall not violate: (A) its articles of incorporation or bylaws, or (B) any laws that could have any material adverse effect whatsoever upon the validity, performance or enforceability of any of the terms of this Agreement or and the other Operative Documents applicable to such eRoom Partythe Lender, and (ii) will not constitute a material default (or an event that, with notice or lapse of time or both, would constitute a material default) under, or result in the breach of, any material contract, agreement or other instrument to which such eRoom Party the Lender is a party or that may be applicable to it or any of its assets.