Common use of No Stockholder Defaults or Consents Clause in Contracts

No Stockholder Defaults or Consents. The execution and delivery of this Agreement and the Collateral Agreements by such Stockholder and the performance by such Stockholder who is a party thereto of his or her obligations hereunder and thereunder will not violate any provision of law or any judgment, award or decree or any indenture, agreement or other instrument to which such Stockholder is a party, or by which such Stockholder or any properties or assets of such Stockholder is bound or affected, or conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under, any such indenture, agreement or other instrument, or result in the creation or imposition of any lien, charge, security interest or encumbrance of any nature whatsoever upon any of the properties or assets of such Stockholder. Any and all consents required to be obtained by such Stockholder as set forth in Schedule 4.03 shall be obtained and copies thereof delivered to GRS upon execution of this Agreement.