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.
Appears in 2 contracts
Sources: Share Purchase Agreement (Acc Corp), Share Purchase Agreement (Acc Corp)