Common use of No Violations and Consents Clause in Contracts

No Violations and Consents. (a) Except as set forth in Section 8.03(a) of the Disclosure Schedule, neither the execution, delivery and performance of this Agreement by the Seller nor the consummation of the sale of the Purchased Assets or any other transaction contemplated by this Agreement, does or will, after the giving of notice, or the lapse of time, or otherwise, (i) conflict with, result in a breach of, or constitute a default under, the Certificate/Articles of Incorporation or By-laws of the Seller, any Law, any Permit or any Material Contract; (ii) result in the creation of any Lien upon any of the Purchased Assets; (iii) terminate, amend or modify, or give any party the right to terminate, amend, modify, abandon, or refuse to perform, any Permit or any Material Contract; or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which, any duties or obligations are to be performed, or any rights or benefits are to be received, under any Material Contract.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Caraustar Industries Inc), Asset Purchase Agreement (Caraustar Industries Inc)

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No Violations and Consents. (a) Except as set forth in Section 8.03(a) of the Disclosure Schedule, neither Neither the execution, delivery and performance of this Agreement by the Seller nor the consummation of the sale of the Purchased Assets or any other transaction contemplated by this Agreement, does or will, after the giving of notice, or the lapse of time, or otherwise, (i) conflict with, result in a breach of, or constitute a default under, the Certificate/Articles articles of Incorporation incorporation or Byby-laws of the Seller, any Law, any Permit or any Material ContractLaw or Order, or any Contract or plan to which Seller is a party or by which Seller or any of the Purchased Assets is subject or bound; (ii) result in the creation of any Lien or other adverse interest upon any of the Purchased Assets; (iii) terminate, amend or modify, or give any party the right to terminate, amend, modify, abandon, or refuse to perform, any Permit Contract or any Material Contractplan to which Seller is a party; or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which, any duties or obligations are to be performed, or any rights or benefits are to be received, under any Material ContractContract or plan to which Seller is a party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hub Group Inc)

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No Violations and Consents. (a) Except as set forth in Section 8.03(a7.03(a) of the Disclosure Schedule, neither the execution, delivery and performance of this Agreement and each Transaction Document by the Seller nor the consummation of the sale of the Purchased Assets or any other transaction contemplated by this Agreement, does or willnot and will not, after the giving of notice, or the lapse of time, or otherwise, (i) conflict with, result in a breach of, or constitute a default under, the Certificate/Articles certificate of Incorporation incorporation or Byby-laws of the Seller, Seller or any Law, Law or any Permit or material contract (including any Material Contract) to which Seller is a party; (ii) result in the creation of any Lien upon any of the Purchased Assets; (iii) terminate, amend or modify, or give any party the right to terminate, amend, modify, abandon, or refuse to perform, any Permit or any Material ContractContract to which Seller is a party; or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which, any duties or obligations are to be performedperformed by Seller, or any rights or benefits are to be receivedreceived by any Person, under any Material ContractContract to which Seller is a party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Smurfit Stone Container Corp)

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