Common use of Sale Will Not Cause Default Clause in Contracts

Sale Will Not Cause Default. Neither the execution and delivery of this Agreement, nor the completion of the purchase and sale contemplated by this Agreement will: (i) violate any of the terms and provisions of the constating documents or bylaws or articles of the Vendor, or any order, decree, statute, bylaw, regulation, covenant, restriction applicable to the Vendor or the Claims; (ii) give any person the right to terminate, cancel or otherwise deal with the Claims; or (iii) result in any fees, duties, taxes, assessments or other amounts relating to the Claims becoming due or payable other than tax payable by the Purchaser in connection with the purchase and sale;

Appears in 46 contracts

Samples: Asset Purchase Agreement (Dussault Apparel Inc.), Asset Purchase Agreement (Jasper Explorations Inc.), Asset Purchase Agreement (Jasper Exploration Inc.)

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Sale Will Not Cause Default. Neither the execution and delivery of this Agreement, nor the completion of the purchase and sale contemplated by this Agreement will: (i) violate any of the terms and provisions of the constating documents or bylaws or articles of the Vendor, or any order, decree, statute, bylaw, regulation, covenant, restriction applicable to the Vendor or the ClaimsLeases; (ii) give any person the right to terminate, cancel or otherwise deal with the ClaimsLeases; or (iii) result in any fees, duties, taxes, assessments or other amounts relating to the Claims Leases becoming due or payable other than tax payable by the Purchaser in connection with the purchase and sale;

Appears in 1 contract

Samples: Asset Transfer and Liability Assumption Agreement (Rango Energy, Inc.)

Sale Will Not Cause Default. Neither To the best of Seller's information, knowledge and belief, neither the execution and delivery of this Agreement, nor the completion of the purchase and sale contemplated by this Agreement herein, will: (ia) violate any of the terms and provisions of the constating documents Articles of Incorporation or bylaws or articles of the VendorSeller, or any order, decree, statute, bylaw, regulation, covenant, or restriction applicable to the Vendor Seller or any of the ClaimsAssets; (ii) give any person the right to terminate, cancel or otherwise deal with the Claims; or (iiib) result in any fees, duties, taxes, assessments or other amounts relating to any of the Claims Assets becoming due or payable other than sales tax payable by the Purchaser in connection with the purchase and sale;.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Illumination America, Inc.)

Sale Will Not Cause Default. Neither To the best of Seller's information, knowledge and belief, neither the execution and delivery of this Agreement, nor the completion of the purchase and sale contemplated by this Agreement herein, will: (ia) violate any of the terms and provisions of the constating documents Articles of Incorporation or bylaws or articles of the VendorSeller, or any order, decree, statute, bylaw, regulation, covenant, or restriction applicable to the Vendor Seller or any of the ClaimsConveyed Items; (ii) give any person the right to terminate, cancel or otherwise deal with the Claims; or (iiib) result in any fees, duties, taxes, assessments or other amounts relating to any of the Claims Conveyed Items becoming due or payable other than sales tax payable by the Purchaser in connection with the purchase and sale;, if any.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Famous Products Inc)

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Sale Will Not Cause Default. Neither the execution and delivery of this Agreement, nor the completion of the purchase and sale contemplated by this Agreement will: (i) violate any of the terms and provisions of the constating documents or bylaws or articles of the Vendor, or any order, decree, statute, bylaw, regulation, covenant, restriction applicable to the Vendor or the Claims; (ii) give any person the right to terminate, cancel or otherwise deal with the Claims; or (iii) or result in any fees, duties, taxes, assessments or other amounts relating to the Claims becoming due or payable other than tax payable by the Purchaser in connection with the purchase and sale;

Appears in 1 contract

Samples: Asset Purchase Agreement (Drayton Harbor Resources Inc.)

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