Common use of Absence of Breach or Default Clause in Contracts

Absence of Breach or Default. Neither the Corporation nor any Material Subsidiary is in breach or default of, and the execution and delivery of the Transaction Documents and the performance by the Corporation of its obligations hereunder or thereunder, the issue and sale of the Offered Securities, the Compensation Securities, the grant of the Over- Allotment Option and the consummation of the transactions contemplated hereby and thereby do not and will not conflict with or result in a breach or violation of any of the terms of or provisions of, or constitute a default under, whether after notice or lapse of time or both, (A) any statute, rule or regulation applicable to the Corporation or any of the Material Subsidiaries, including Securities Laws; (B) the constating documents or resolutions of the directors (including of committees thereof) or shareholders of the Corporation and each of the Material Subsidiaries which are in effect at the date of hereof; (C) any Material Agreement or Debt Instrument; or (D) any judgment, decree or order binding the Corporation, any of the Material Subsidiaries or the properties or assets of the Corporation or the Material Subsidiaries.

Absence of Breach or Default. Neither The Company and each of the Corporation nor any Material Subsidiary Subsidiaries is not in breach or default of, and the execution and delivery of the Transaction Documents and the performance by the Corporation Company of its obligations hereunder or thereunder, the creation, issue and sale sale, as applicable, of the Offered SecuritiesShares, the Compensation Securities, Broker Warrants and the grant of the Over- Allotment Option Broker Warrant Shares and the consummation of the transactions contemplated hereby and thereby do not and will not conflict with or result in a breach or violation of any of the terms of or provisions of, or constitute a default under, whether after notice or lapse of time or both, both (Ai) any statute, rule or regulation applicable to the Corporation Company or any of the Material Subsidiaries, including the Securities Laws; , (Bii) the constating documents or resolutions of the directors (including of committees thereof) or shareholders of the Corporation Company and each of the Material Subsidiaries which are in effect at the date of hereof; Subsidiaries, (Ciii) any Debt Instrument or Material Agreement or Debt Instrument; Agreement, or (Div) any judgment, decree or order binding the CorporationCompany, any of the Material Subsidiaries or the properties or assets of the Corporation Company or any of the Material Subsidiaries.