Common use of Violation of Other Instruments Clause in Contracts

Violation of Other Instruments. Neither the execution and delivery of this Agreement or any other Investor Agreement by the Company or its Subsidiaries party thereto, nor the consummation of any of the transactions contemplated hereby or thereby, will (a) constitute a breach of or a default under any Contractual Obligation of the Company or its Subsidiaries or, to the Company's knowledge, any officer of the Company or its Subsidiaries, (b) result in acceleration in the time for performance of any obligation of the Company or its Subsidiaries under any such Contractual Obligation, (c) result in the creation of any Lien upon any asset of the Company or its Subsidiaries, (d) require any consent, waiver or amendment to any such Contractual Obligation that has not been obtained, (e) give rise to any severance payment, right of termination, securities repurchase right or other right under any such Contractual Obligation, or (f) violate or give rise to a default under any Legal Requirement, except for events or conditions described in clauses (a) through (f) above which will not in the aggregate have any Material Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (O Ray Holdings Inc)

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Violation of Other Instruments. Neither the execution and delivery of this Agreement or any other Investor Agreement by the Company or its Subsidiaries party theretoVendors, nor the consummation of any of the transactions contemplated hereby or therebyin Schedule 3.18, will shall (a) constitute a breach of or a default or an event which with notice or lapse of time or both would constitute a default under any Contractual Obligation of the Company MKL or its Subsidiaries or, to the Company's knowledge, any officer of the Company or its Subsidiaries, (b) result in acceleration in the time for performance of any obligation of MKL or the Company or its Subsidiaries under any such Contractual Obligation, (c) result in the creation of any Lien upon any property or asset of MKL or the Company or its Subsidiaries, (d) require any consent, waiver or amendment to any such Contractual Obligation that has not been obtainedobtained and remains in full force and effect, (e) give rise to any severance payment, right of termination, securities repurchase purchase or redemption right or other right under any such Contractual Obligation, or (f) violate or give rise to a default or an event which with notice or lapse of time or both could constitute a default under any Legal RequirementRequirements, except for events or conditions described in clauses (a) through (f) above which will not shall not, individually or in the aggregate aggregate, have any Material Adverse Effect or (g) result in any state of facts which could have a Material Adverse Effect, and except for events or conditions described in Schedule 3.18.

Appears in 1 contract

Samples: Share Purchase Agreement (Phoenix International Life Sciences Inc)

Violation of Other Instruments. Neither the execution and delivery of this Agreement or any other Investor Agreement by the Company or its Subsidiaries party theretoVendors, nor the consummation of any of the transactions contemplated hereby or therebyin Schedule 3.18, will shall (a) constitute a breach of or a default or an event which with notice or lapse of time or both would constitute a default under any Contractual Obligation of the Company Anawa or its Subsidiaries or, to the Company's knowledge, any officer of the Company or its Subsidiaries, (b) result in acceleration in the time for performance of any obligation of Anawa or the Company or its Subsidiaries under any such Contractual Obligation, (c) result in the creation of any Lien upon any property or asset of Anawa or the Company or its Subsidiaries, (d) require any consent, waiver or amendment to any such Contractual Obligation that has not been obtainedobtained and remains in full force and effect, (e) give rise to any severance payment, right of termination, securities repurchase purchase or redemption right or other right under any such Contractual Obligation, or (f) violate or give rise to a default or an event which with notice or lapse of time or both could constitute a default under any Legal RequirementRequirements, except for events or conditions described in clauses (a) through (f) above which will not shall not, individually or in the aggregate aggregate, have any Material Adverse Effect or (g) result in any state of facts which could have a Material Adverse Effect.

Appears in 1 contract

Samples: Share Purchase Agreement (Phoenix International Life Sciences Inc)

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Violation of Other Instruments. Neither the execution and delivery of this Agreement or any other Investor Agreement by the Company or its Subsidiaries party theretoVendors, nor the consummation of any of the transactions contemplated hereby or therebyin Schedule 3.17, will shall (a) constitute a breach of or a default or an event which with notice or lapse of time or both would constitute a default under any Contractual Obligation of Clinserve or the Company or its Subsidiaries or, to the Company's knowledge, any officer of the Company or its SubsidiariesSubsidiary, (b) result in acceleration in the time for performance of any obligation of Clinserve or the Company or its Subsidiaries Subsidiary under any such Contractual Obligation, (c) result in the creation of any Lien upon any property or asset of Clinserve or the Company or its SubsidiariesSubsidiary, (d) require any consent, waiver or amendment to any such Contractual Obligation that has not been obtainedobtained and remains in full force and effect, (e) give rise to any severance payment, right of termination, securities repurchase purchase or redemption right or other right under any such Contractual Obligation, or (f) violate or give rise to a default or an event which with notice or lapse of time or both could constitute a default under any Legal RequirementRequirements, except for events or conditions described in clauses (a) through (f) above which will not shall not, individually or in the aggregate aggregate, have any Material Adverse Effect or (g) result in any state of facts which could have a Material Adverse Effect.

Appears in 1 contract

Samples: Share Purchase Agreement (Phoenix International Life Sciences Inc)

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