Common use of Non-Contravention and Defaults; No Liens Clause in Contracts

Non-Contravention and Defaults; No Liens. Neither the execution or delivery of this Agreement, nor the fulfillment of, or compliance with, the terms and provisions hereof, will (i) result in a breach of the terms, conditions or provisions of, or constitute a default under, or result in a violation of, termination of or acceleration of the performance provided by the terms of, any agreement to which Bancorp is a party or by which it may be bound, (ii) violate any provision of any law, rule or regulation, or (iii) violate any provisions of Bancorp’s Articles of Incorporation or Bylaws.

Appears in 3 contracts

Samples: Services Agreement, Private Label Banking Agreement (Higher One Holdings, Inc.), Escrow Agreement (Higher One Holdings, Inc.)

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Non-Contravention and Defaults; No Liens. Neither the execution or delivery of this Agreement, nor the fulfillment of, or compliance with, the terms and provisions hereof, will (i) result in a breach of the terms, conditions or provisions of, or constitute a default under, or result in a violation of, termination of or acceleration of the performance provided by the terms of, any agreement to which Bancorp Seller is a party or by which it may be bound, (ii) violate any provision of any law, rule or regulation, or (iii) violate any provisions of Bancorp’s Seller's Articles of Incorporation or Bylaws.

Appears in 1 contract

Samples: Stock Purchase Agreement (Emergent Group Inc)

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