Common use of No Breach of Statute or Contract Clause in Contracts

No Breach of Statute or Contract. Except as set forth on Schedule 5.2(c), neither the execution and delivery of this Agreement nor the consummation by Seller of the transactions contemplated hereby, nor compliance by Seller with any of the provisions hereof will violate or cause a default under any statute (domestic or foreign), judgment, order, writ, decree, rule or regulation of any Governmental Authority applicable to Seller or any of its properties; breach or conflict with any of the terms, provisions or conditions of the Articles of Incorporation or By-Laws of Seller; or violate, conflict with or breach any agreement, contract, mortgage, instrument, indenture or license to which Seller is a party or by which Seller is or may be bound with respect to the Property or the Business, or constitute a default (in and of itself or with the giving of notice, passage of time or both) thereunder, or result in the creation or imposition of any Encumbrance upon, or give to any other party or parties any claim, interest or right, including rights of termination or cancellation in, or with respect to, the Property.

Appears in 1 contract

Samples: Asset Purchase Agreement (LGL Group Inc)

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No Breach of Statute or Contract. Except as set forth on Schedule 5.2(c4.2(c), neither the execution and delivery of this Agreement nor the consummation by Seller of the transactions contemplated hereby, hereby nor compliance by Seller with any of the provisions hereof will violate or cause a default under any statute (domestic or foreign), judgment, order, writ, decree, rule or regulation of any Governmental Authority court or governmental authority applicable to Seller or any of its propertieswhich would have a materially adverse effect on the Property; breach or conflict with any of the terms, provisions or conditions of the Articles Certificate of Incorporation Incorporation, as amended, or By-Laws Laws, as amended, of Seller; or violate, conflict with or breach any material agreement, contract, mortgage, instrument, indenture or license to which Seller is a party or by which Seller is or may be bound with respect to the Property or the Business, or constitute a material default (in and of itself or with the giving of notice, passage of time or both) thereunder, or result in the creation or imposition of any Encumbrance encumbrance upon, or give to any other party or parties any claim, interest or right, including rights of termination or cancellation in, or with respect to, to the Property.

Appears in 1 contract

Samples: Asset Purchase Agreement (WHX Corp)

No Breach of Statute or Contract. Except as set forth on Schedule 5.2(c), neither Neither the execution and delivery of this Agreement or the Lease Assignment by Acquirer, nor the consummation by Seller Acquirer of the transactions contemplated herebyhereby or thereby, nor compliance by Seller Acquirer with any of the provisions hereof or thereof, will violate or cause a default under any statute (domestic or foreign), judgment, order, writ, decree, rule or regulation of any Governmental Authority applicable to Seller Acquirer or any of its material properties; breach or conflict with any of the terms, provisions or conditions of the Articles organization documents of Incorporation or By-Laws of SellerAcquirer; or violate, conflict with or breach any agreement, contract, mortgage, instrument, indenture or license to which Seller Acquirer is a party or by which Seller Acquirer is or may be bound with respect to the Property or the Businessbound, or constitute a default (in and of itself or with the giving of notice, passage of time or both) thereunder, or result in the creation or imposition of any Encumbrance upon, or give to any other party or parties parties, any claim, interest or right, including rights of termination or cancellation in, or with respect to, the Propertyto any of Acquirer’s properties.

Appears in 1 contract

Samples: Asset Acquisition Agreement (Del Global Technologies Corp)

No Breach of Statute or Contract. Except as set forth on Schedule 5.2(c), neither Neither the execution and delivery of this Agreement nor the consummation by Seller Buyer of the transactions contemplated hereby, hereby nor compliance by Seller Buyer with any of the provisions hereof will violate or cause a default under any statute (domestic or foreign), judgment, order, writ, decree, rule or regulation of any Governmental Authority court or governmental authority applicable to Seller Buyer or any of its material properties; breach or conflict with any of the terms, provisions or conditions of the Articles of Incorporation Incorporation, as amended, or By-Laws laws of SellerBuyer; or violate, conflict with or breach any agreement, contract, mortgage, instrument, indenture or license to which Seller Buyer is a party or by which Seller Buyer is or may be bound with respect to the Property or the Businessbound, or constitute a default (in and of itself or with the giving of notice, passage of time or both) thereunder, or result in the creation or imposition of any Encumbrance encumbrance upon, or give to any other party or parties parties, any claim, interest or right, including rights of termination or cancellation in, or with respect to, the Propertyto any of Buyer's properties.

Appears in 1 contract

Samples: Asset Purchase Agreement (Uniflex Inc)

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No Breach of Statute or Contract. Except as set forth on Schedule 5.2(c), neither Neither the execution and delivery of this Agreement nor the consummation by Seller of the transactions contemplated hereby, hereby nor compliance by Seller with any of the provisions hereof will violate or cause a default under any statute (domestic or foreign), judgment, order, writ, decree, rule or regulation of any Governmental Authority court or governmental authority applicable to Seller or any of its properties; breach or conflict with any of the terms, provisions or conditions of the Articles Certificate of Incorporation Incorporation, as amended, or By-Laws Laws, as amended, of Seller; or violate, conflict with or breach any material agreement, contract, mortgage, instrument, indenture or license to which Seller is a party or by which Seller is or may be bound with respect to the Property or the Businessits business, or constitute a default (in and of itself or with the giving of notice, passage of time or both) thereunder, or result in the creation or imposition of any Encumbrance encumbrance upon, or give to any other party or parties any claim, interest or right, including rights of termination or cancellation in, or with respect to, to the Property.

Appears in 1 contract

Samples: Asset Purchase Agreement (Uniflex Inc)

No Breach of Statute or Contract. Except as set forth on Schedule 5.2(c), neither Neither the execution and delivery of this Agreement nor the consummation by Seller Buyer of the transactions contemplated hereby, hereby nor compliance by Seller Buyer with any of the provisions hereof will violate or cause a default under any statute (domestic or foreign), judgment, order, writ, decree, rule or regulation of any Governmental Authority court or governmental authority applicable to Seller Buyer or any of its material properties; breach or conflict with any of the terms, provisions or conditions of the Articles Certificate of Incorporation Incorporation, as amended, or By-Laws laws, as amended, of SellerBuyer; or violate, conflict with or breach any agreement, contract, mortgage, instrument, indenture or license to which Seller Buyer is a party or by which Seller Buyer is or may be bound with respect to the Property or the Businessbound, or constitute a default (in and of itself or with the giving of notice, passage of time or both) thereunder, or result in the creation or imposition of any Encumbrance encumbrance upon, or give to any other party or parties parties, any claim, interest or right, including rights of termination or cancellation in, or with respect to, the Propertyto any of Buyer's properties.

Appears in 1 contract

Samples: Asset Purchase Agreement (WHX Corp)

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