Common use of Conflict with Other Instruments Clause in Contracts

Conflict with Other Instruments. The execution and delivery by the Credit Parties and the performance of its obligations under, and compliance with the terms, conditions and provisions of, the Credit Documents to which they are a party, will not (i) conflict with or result in a breach of any of the terms or conditions of (w) its constating documents or by-laws, (x) any Applicable Law, (y) any Instrument or contractual restriction binding on or affecting it or its properties, or (z) any judgment, injunction, determination or award which is binding on it, or (ii) result in, require or permit (x) the imposition of any Lien in, on or with respect to any of its assets or properties (except in favour of the Lender), (y) the acceleration of the maturity of any Debt binding on or affecting any Credit Party, or (z) any third party to terminate or acquire material rights under any Material Contract.

Appears in 6 contracts

Samples: Stream Credit Agreement (Royal Standard Minerals Inc), Stream Credit Agreement (Royal Standard Minerals Inc), Stream Credit Agreement (Royal Standard Minerals Inc)

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Conflict with Other Instruments. The execution and delivery by the Credit Parties and the performance of its obligations under, and compliance with the terms, conditions and provisions of, the Credit Documents to which they are a party, will not (i) conflict with or result in a breach of any of the terms or conditions of (w) its constating documents or by-lawsConstating Documents, (x) any Applicable Law, (y) any Instrument or contractual restriction binding on or affecting it or its properties, or (z) any judgment, injunction, determination or award which is binding on it, it or (ii) result in, require or permit (x) the imposition of any Lien in, on or with respect to any of its assets or properties (except in favour of the Lender), (y) the acceleration of or the maturity of any Debt binding on or affecting any Credit Party, Party or (z) any third party to terminate or acquire material rights under any Material Contract.

Appears in 2 contracts

Samples: Senior Secured Gold Stream Credit Agreement (Gryphon Gold Corp), Gold Stream Credit Agreement (Gryphon Gold Corp)

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