Common use of Non-Contravention; Governmental Consents Clause in Contracts

Non-Contravention; Governmental Consents. (a) The execution, delivery or performance by Parent and Merger Sub of this Agreement, the consummation by Parent and Merger Sub of the transactions contemplated hereby (including the Merger) and the compliance by Parent and Merger Sub with any of the terms hereof do not and will not (i) violate or conflict with any provision of the certificate of incorporation, bylaws or other equivalent constituent documents (as applicable) of Parent or Merger Sub, (ii) violate, conflict with, or result in the breach of or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, any Contract to which Parent or any of its Subsidiaries is a party or by which Parent, any of its Subsidiaries or any of their properties or assets may be bound, (iii) assuming compliance with the matters referred to in Section 3.3(b), violate or conflict with any Law or Order applicable to Parent or any of its Subsidiaries or by which any of their properties or assets are bound or (iv) result in the creation of any Lien upon any of the properties or assets of Parent or any of its Subsidiaries, except, in the case of each of clauses (ii), (iii) and (iv) above, for such violations, conflicts, breaches, defaults, terminations, accelerations or Liens which would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect on Parent.

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Market Leader, Inc.)

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Non-Contravention; Governmental Consents. (a) The execution, delivery or performance by Parent and Merger Sub the Company of this Agreement, the consummation by Parent and Merger Sub the Company of the transactions contemplated hereby (including the Merger) and the compliance by Parent and Merger Sub the Company with any of the terms hereof do not and will not (i) violate or conflict with any provision of the certificate articles of incorporation, incorporation or bylaws or other equivalent constituent documents (as applicable) of Parent the Company or Merger Subany of its Subsidiaries, (ii) subject to obtaining the consents set forth in Section 2.3 of the Company Disclosure Schedules, violate, conflict with, or result in the breach of or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, any Contract to which Parent or any of its Subsidiaries is a party or by which Parent, any of its Subsidiaries or any of their properties or assets may be boundMaterial Contract, (iii) assuming compliance with the matters referred to in Section 3.3(b)2.3(b) and, in the case of the consummation of the Merger, subject to obtaining the Requisite Company Shareholder Approval, violate or conflict with any Law or Order applicable to Parent the Company or any of its Subsidiaries or by which any of their properties or assets are bound or (iv) result in the creation of any Lien upon any of the properties or assets of Parent the Company or any of its Subsidiaries, except, in the case of each of clauses (ii), (iii) and (iv) above, for such violations, conflicts, breaches, defaults, terminations, accelerations or Liens which would not reasonably be expected, individually or in the aggregate, be material to have the Company and its Subsidiaries, taken together as a Material Adverse Effect on Parentwhole.

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Market Leader, Inc.)

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