Violations or Defaults Clause Samples
The Violations or Defaults clause defines the circumstances under which a party is considered to have failed to meet its contractual obligations. Typically, this clause outlines specific actions or omissions that constitute a breach, such as missing payments, failing to deliver goods or services, or not adhering to agreed timelines. It may also describe the process for notifying the defaulting party and any grace periods for remedying the breach. The core function of this clause is to clearly identify what constitutes a default, thereby providing a basis for enforcing remedies or terminating the agreement if obligations are not met.
Violations or Defaults. The execution, delivery and performance by the VEBA of this Agreement, and the consummation by the VEBA of the transactions contemplated hereby, do not and will not conflict with, or result in a breach or violation of or default under, any applicable law, its constituent documents or any note, indenture, deed of trust, contract, agreement or instrument to which the VEBA (or any of its properties) is a party or is otherwise subject.
Violations or Defaults. The execution, delivery and performance by the Company of this Agreement, and the consummation by it of the transactions contemplated thereby, do not and will not conflict with, or result in a breach or violation of or default under, any applicable law, its constituent documents, including the LLC Agreement or any note, indenture, deed of trust, contract, agreement or instrument to which the Company (or any of its properties) is a party or is otherwise subject.
Violations or Defaults. None of the Corporations is, nor has received notice of any allegation that it is, in material violation of or in material default under any charter, by-law, mortgage, lease, agreement or instrument or any judgment, decree, order, decision, ruling or tariff or any statute, rule or regulation. The execution, delivery and performance of this Agreement will not result in any violation of, default under or conflict with any of the foregoing and none of the foregoing provides for termination, variation or penalty by reason of any change in the ownership or control of the shares of any of the Corporations or requires the consent of any person to such change in ownership or control.
Violations or Defaults. Neither the execution, delivery or performance by Seller of this Agreement nor the consummation of the transactions contemplated hereby will contravene, conflict with, or result in a breach or violation of or default under, any currently existing law applicable to Seller, the organizational documents of Seller, or any agreement, judgment, injunction, order, decree, indenture or instrument binding upon Seller, specifically including the DO Fund Purchase Agreement, the Acquired Note and the Acquired Warrant.
Violations or Defaults. To the best of Seller’s knowledge, Seller is not in violation or default under any agreement with any third party, or under any judgment, order, or decree of any court, arbitrator, administrative agency or other governmental authority to which Seller may be subject, which violation or default may, in anyone case or in the aggregate, materially and adversely affect the ownership of the Property or Seller’s ability to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby will not (a) violate any law or any order of any court or governmental authority with proper jurisdiction; (b) result in a breach or default under any contract or other binding commitment of Seller; (c) require any consent, or approval or vote of any court or governmental authority or of any third person or entity that, as of the Closing Date, has not been given or taken, and does not remain effective; or (d) result in any encumbrance, other than a Permitted Exception, against the Property.
Violations or Defaults. 4 SECTION 3.4 Consents................................................................ ....... 4 SECTION 3 .5 Investment Company Act .................................................... 4 SECTION 3 .6
Violations or Defaults. Canadian Investor is not in default with respect to any judgment, order, writ, injunction, decree or decision of any Governmental Authority which default could reasonably be expected to have a material adverse effect on Canadian Investor's ability to perform its obligations under the Transaction Documents. Canadian Investor is in compliance with all statutes, regulations, rules and orders applicable to it of all Governmental Authorities, a violation of which could reasonably be expected to have a material adverse effect on Canadian Investor's ability to perform its obligations under the Transaction Documents.
Violations or Defaults. Credit Risk Bank is not in default with respect to any judgment, order, writ, injunction, decree or decision of any Governmental Authority which default could reasonably be expected to have a material adverse effect on Credit Risk Bank's ability to perform its obligations under the Transaction Documents. Credit Risk Bank is in compliance with all statutes, regulations, rules and orders applicable to it of all Governmental Authorities (excluding, in relation only to the Transaction and any matters connected with or arising out of it, Canadian Governmental Authorities), a violation of which could reasonably be expected to have a material adverse effect on Credit Risk Bank's ability to perform its obligations under the Transaction Documents.