Common use of Such St Clause in Contracts

Such St. George Party is not, and with the giving of notice, ▇▇ lapse of time or both would not be, in violation of or in default under, (i) its Constitution or (ii) any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which it is a party or by which it or any of its properties is bound, except in the case of (ii) for violations and defaults which individually and in the aggregate would not have a material adverse effect on the transactions contemplated herein or in the Basic Documents; the issue and sale of the Class A-1 Notes and the performance by such St.George Party of all of the provisions of its o▇▇▇▇▇▇▇▇▇s under the Class A-1 Notes, the Basic Documents and this Agreement and the consummation of the transactions herein and therein contemplated will not conflict with or result in a breach of any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which such St.George Party is a party or by which such St.George Party is bound or to which any of the p▇▇▇▇▇▇▇ ▇r assets of such St.George Party is subject, nor will any such action result in any violation of the provisions of the Constitution of such St.George Party or any applicable law or statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over such St.George Party, or any of its properties; and no ▇▇▇▇▇▇▇, approval, authorization, order, license, registration or qualification of or with any such court or governmental agency or body is required for the issue and sale of the Class A-1 Notes or the consummation by such St.George Party of the transactions contemplated ▇▇ ▇▇▇▇ Agreement or the Basic Documents, except such consents, approvals, authorizations, orders, licenses, registrations or qualifications as have been obtained under the Securities Act, the Trust Indenture Act, and as may be required under state securities or "Blue Sky" laws in connection with the purchase and distribution of the Class A-1 Notes by the Underwriters.

Such St. George Party is not, and with the giving of notice, or ▇▇ lapse ▇▇se of time or both would not be, in violation of or in default under, (i) its Constitution or (ii) any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which it is a party or by which it or any of its properties is bound, except in the case of (ii) for violations and defaults which individually and in the aggregate would not have a material adverse effect on the transactions contemplated herein or in the Basic Documents; the issue and sale of the Class A-1 Notes and the performance by such St.George Party of all of the provisions of its o▇▇▇▇▇▇▇▇▇s under obligations unde▇ the Class A-1 Notes, the Basic Documents and this Agreement and the consummation of the transactions herein and therein contemplated will not conflict with or result in a breach of any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which such St.George Party is a party or by which such St.George Party is Georg▇ ▇▇▇▇▇ ▇s bound or to which any of the p▇▇▇▇▇property or asse▇▇ ▇r assets of such St.George Party is subject, nor will any such action result in ▇n any violation of the provisions of the Constitution of such St.George Party or any applicable law or statute or any order, rule r▇▇▇ or regulation of any court or governmental agency or body having jurisdiction over such St.George Party, or any of its properties; and no ▇▇co▇▇▇▇▇, approval▇▇proval, authorization, order, license, registration or qualification of or with any such court or governmental agency or body is required for the issue and sale of the Class A-1 Notes or the consummation by such St.George Party of the transactions contemplated ▇▇ by ▇▇▇▇ Agreement or the Basic Documents, except such consents, approvals, authorizations, orders, licenses, registrations or qualifications as have been obtained under the Securities Act, the Trust Indenture Act, and as may be required under state securities or "Blue Sky" laws in connection with the purchase and distribution of the Class A-1 Notes by the Underwriters.