Common use of No Violations and Consents Clause in Contracts

No Violations and Consents. (a) None of the execution, delivery or performance of this Agreement by any CWI 1 Entity or the consummation by a CWI 1 Entity of the transactions contemplated by this Agreement will: (i) conflict with or violate any provision of the Organizational Documents of any such Person, (ii) conflict with or violate any Law applicable to any such Person, or any of its properties or assets, or (iii) require any consent, notice or approval under, violate, conflict with, result in any breach of or any loss of any benefit under, or constitute a default under (with or without notice or lapse of time, or both), or result in termination or give to others any right of termination, vesting, amendment, acceleration, modification, cancellation, purchase or sale of, or result in the triggering of any payment or in the creation of a lien upon any of the respective properties or assets (including rights) of any such Person pursuant to, any Contract to which any such Person is a party (or by which any of their respective properties or assets (including rights) are bound), except, with respect to clauses (ii) and (iii) of this Section 3.3(a), as would not, individually or in the aggregate, reasonably be expected to prevent or materially delay the ability of the CWI 1 Entities to consummate the transactions contemplated hereby.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Carey Watermark Investors 2 Inc), Transition Services Agreement (Carey Watermark Investors Inc), Internalization Agreement (W. P. Carey Inc.)

AutoNDA by SimpleDocs

No Violations and Consents. (a) None of the execution, delivery or performance of this Agreement by any CWI 1 WPC Entity or the consummation by a CWI 1 WPC Entity of the transactions contemplated by this Agreement will: (i) conflict with or violate any provision of the Organizational Documents of any such Person, (ii) conflict with or violate any Law applicable to any such Person, or any of its properties or assets, or (iii) require any consent, notice or approval under, violate, conflict with, result in any breach of or any loss of any benefit under, or constitute a default under (with or without notice or lapse of time, or both), or result in termination or give to others any right of termination, vesting, amendment, acceleration, modification, cancellation, purchase or sale of, or result in the triggering of any payment or in the creation of a lien upon any of the respective properties or assets (including rights) of any such Person pursuant to, any Contract to which any such Person is a party (or by which any of their respective properties or assets (including rights) are bound), except, with respect to clauses (ii) and (iii) of this Section 3.3(a6.3(a), as would not, individually or in the aggregate, reasonably be expected to prevent or materially delay the ability of the CWI 1 WPC Entities to consummate the transactions contemplated hereby.

Appears in 3 contracts

Samples: Transition Services Agreement (Carey Watermark Investors Inc), Assignment and Assumption Agreement (Carey Watermark Investors 2 Inc), Internalization Agreement (W. P. Carey Inc.)

No Violations and Consents. (a) None of the execution, delivery or performance of this Agreement by any CWI 1 2 Entity or the consummation by a CWI 1 2 Entity of the transactions contemplated by this Agreement will: (i) conflict with or violate any provision of the Organizational Documents of any such Person, (ii) conflict with or violate any Law applicable to any such Person, or any of its properties or assets, or (iii) require any consent, notice or approval under, violate, conflict with, result in any breach of or any loss of any benefit under, or constitute a default under (with or without notice or lapse of time, or both), or result in termination or give to others any right of termination, vesting, amendment, acceleration, modification, cancellation, purchase or sale of, or result in the triggering of any payment or in the creation of a lien upon any of the respective properties or assets (including rights) of any such Person pursuant to, any Contract to which any such Person is a party (or by which any of their respective properties or assets (including rights) are bound), except, with respect to clauses (ii) and (iii) of this Section 3.3(a4.3(a), as would not, individually or in the aggregate, reasonably be expected to prevent or materially delay the ability of the CWI 1 2 Entities to consummate the transactions contemplated hereby.

Appears in 3 contracts

Samples: Internalization Agreement (W. P. Carey Inc.), Transition Services Agreement (Carey Watermark Investors Inc), Assignment and Assumption Agreement (Carey Watermark Investors 2 Inc)

AutoNDA by SimpleDocs

No Violations and Consents. (a) None of the execution, delivery or performance of this Agreement by any CWI 1 Watermark Entity or the consummation by a CWI 1 Watermark Entity of the transactions contemplated by this Agreement will: (i) conflict with or violate any provision of the Organizational Documents of any such Person, (ii) conflict with or violate any Law applicable to any such Person, or any of its properties or assets, or (iii) require any consent, notice or approval under, violate, conflict with, result in any breach of or any loss of any benefit under, or constitute a default under (with or without notice or lapse of time, or both), or result in termination or give to others any right of termination, vesting, amendment, acceleration, modification, cancellation, purchase or sale of, or result in the triggering of any payment or in the creation of a lien upon any of the respective properties or assets (including rights) of any such Person pursuant to, any Contract to which any such Person is a party (or by which any of their respective properties or assets (including rights) are bound), except, with respect to clauses (ii) and (iii) of this Section 3.3(a5.3(a), as would not, individually or in the aggregate, reasonably be expected to prevent or materially delay the ability of the CWI 1 Watermark Entities to consummate the transactions contemplated hereby.

Appears in 3 contracts

Samples: Transition Services Agreement (Carey Watermark Investors Inc), Internalization Agreement (W. P. Carey Inc.), Assignment and Assumption Agreement (Carey Watermark Investors 2 Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.