Common use of Required Consents, No Default Clause in Contracts

Required Consents, No Default. Except as described in Schedule 2.7 annexed hereto, neither the execution and delivery of this Agreement nor compliance by any of the Sellers with its terms and provisions will require the affirmative consent, approval, order or authorization of or any registration, declaration or filing with any third party or authority. None of the Sellers is in default under or in violation of any provision of any indenture, mortgage, lease, loan or other agreement to which either is a party or is bound or to which either of their properties is subject.

Appears in 1 contract

Samples: 2 Purchase Agreement (Video Update Inc)

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Required Consents, No Default. Except as described in Schedule 2.7 annexed hereto2.6, neither the execution and delivery of this Agreement nor compliance by any of the Sellers with its terms and provisions will require the affirmative consent, approval, order or authorization of or any registration, declaration or filing with any third party or authority. None of the Sellers is in default under or in violation of any provision of any indenture, mortgage, lease, loan or other agreement relating to the Stores or the Assets to which either is a party or is bound or to which either of their properties is subject.

Appears in 1 contract

Samples: Purchase Agreement (Video Update Inc)

Required Consents, No Default. Except as described in Schedule 2.7 annexed hereto2.6, neither the execution and delivery of this Agreement nor compliance by any of the Sellers with its terms and provisions will require the affirmative consent, approval, order or authorization of or any registration, declaration or filing with any third party or authority. None of the Sellers is in default under or in violation of any provision of any indenture, mortgage, lease, loan or other agreement to which either is a party or is bound or to which either of their properties is subject.

Appears in 1 contract

Samples: Purchase Agreement (Video Update Inc)

Required Consents, No Default. Except as described in Schedule 2.7 annexed hereto2.6, neither the execution and delivery of this Agreement nor compliance by any of the Sellers with its terms and provisions will require the affirmative consent, approval, order or authorization of or any registration, declaration or filing with any third party or authority. None of the Sellers is in default under (notwithstanding the passage of time or notice) or in violation of any provision of any indenture, mortgage, lease, loan or other agreement to which either is a party or is bound or to which either any of their properties is are subject.

Appears in 1 contract

Samples: Purchase Agreement (Video Update Inc)

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Required Consents, No Default. Except as described in Schedule 2.7 annexed hereto2.6, neither the execution and delivery of this Agreement nor compliance by any of the Sellers with its terms and provisions will require the affirmative consent, approval, order or authorization of or any registration, declaration or filing with any third party or authority. None of the Sellers is in default under (notwithstanding the passage of time or notice) or in violation of any provision of any indenture, mortgage, lease, loan or other agreement to which either any is a party or is bound or to which either any of their properties is subject.

Appears in 1 contract

Samples: Purchase Agreement (Video Update Inc)

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