Common use of No Conflicts or Violations; No Consents or Approvals Required Clause in Contracts

No Conflicts or Violations; No Consents or Approvals Required. (a) The execution and delivery by each SU Entity of this Agreement and the applicable Ancillary Agreements does not and will not, and the consummation of the Transactions will not, result in any breach or violation of or constitute a default under (or, in the case of clause (ii) below, give any party to any Contract referred to in such clause, other than an SU Entity, the right to cancel or terminate or modify in any material respect the rights or obligations of the parties under) (i) the organizational documents of such SU Entity, (ii) any Contract to which such SU Entity is a party or is bound or (iii) any Order to which such SU Entity is subject or any Law applicable to such SU Entity, except for, in the case of clauses (ii) and (iii) above, any such breach, violation or default that would not reasonably be expected to have an SU Material Adverse Effect.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Oncor Electric Delivery Co LLC), Agreement and Plan of Merger (InfraREIT, Inc.)

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No Conflicts or Violations; No Consents or Approvals Required. (ai) The execution and delivery by each SU Entity AssetCo of this Agreement and the applicable Ancillary Agreements does not and will not, and the consummation of the Transactions will not, result in any a breach or violation of or constitute a default under the organizational documents of SU AssetCo (or, in the case of clause (ii) below, give any party to any Contract referred to in such clause, other than an SU EntityAssetCo or its successors, the right to cancel or terminate or modify in any material respect the rights or obligations of the parties under) (i) the organizational documents of such SU EntityAssetCo, (ii) any Contract to which such SU Entity AssetCo is a party or is bound or (iii) any Order to which such SU Entity AssetCo is subject or any Law applicable to such SU EntityAssetCo, except for, in the case of clauses (ii) and (iii) above, any such breach, violation or default that would not reasonably be expected prohibit or restrict or impair in any material respect the ability of SU AssetCo to have an SU Material Adverse Effectconsummate the Transactions.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Oncor Electric Delivery Co LLC), Agreement and Plan of Merger (InfraREIT, Inc.)

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No Conflicts or Violations; No Consents or Approvals Required. (ai) The execution and delivery by each SU Entity of this Agreement and the applicable Ancillary Agreements does not and will not, and the consummation of the Transactions will not, result in any a breach or violation of or constitute a default under (or, in the case of clause (ii) below, give any party to any a Contract referred to in such clause, other than an SU Entityor its successors, the right to cancel or terminate or modify in any material respect the rights or obligations of the parties under) (i) the organizational documents of such SU EntitySU, (ii) any Contract to which such SU Entity is a party or is bound or (iii) any Order to which such SU Entity is subject or any Law applicable to such SU EntitySU, except for, in the case of clauses (ii) and (iii) above, any such breach, violation or default that would not reasonably be expected to have an SU Material Adverse Effect.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (InfraREIT, Inc.), Agreement and Plan of Merger (Oncor Electric Delivery Co LLC)

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