Common use of Consents Required Clause in Contracts

Consents Required. The execution, delivery and performance of this Agreement by Seller will not require Seller or the Company to obtain any consent, approval or other action to avoid: (i) the loss of any permit or license or other governmental authorization hold by the Company, (ii) the violation or breach of, or a default under any real property lease or any commitment, note, indenture, mortgage, lien, instrument, license, contract or agreement to which Seller or the Company or any of their assets are subject, or (iii) giving to others any interests or rights, including rights of termination, acceleration or cancellation, in or with respect to any of the real property leases or material properties, agreements, contracts or business of the Company.

Appears in 2 contracts

Samples: Merger Agreement and Plan of Reorganization (U S Trucking Inc), Merger Agreement and Plan of Reorganization (U S Trucking Inc)

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Consents Required. The execution, delivery and performance of this Agreement by Seller will not require Seller or the Company to obtain any consent, approval or other action to avoid: (i) the I)the loss of any permit or license or other governmental authorization hold by the Company, (ii) the violation or breach of, or a default under any real property lease or any commitment, note, indenture, mortgage, lien, instrument, license, contract or agreement to which Seller or the Company or any of their assets are subject, or (iii) giving to others any interests or rights, including rights of termination, acceleration or cancellation, in or with respect to any of the real property leases or material properties, agreements, contracts or business of the Company.

Appears in 2 contracts

Samples: Merger Agreement and Plan of Reorganization (Professional Transportation Group LTD Inc), Merger Agreement and Plan of Reorganization (U S Trucking Inc)

Consents Required. The execution, delivery and performance of this Agreement by Seller Buyer and Sub will not require Seller Buyer or the Company Sub to obtain any consent, approval or other action to avoid: (i) the loss of any permit or license or other governmental authorization hold by the Company, (ii) the violation or breach of, or a default under any real property lease or any commitment, note, indenture, mortgage, lien, instrument, license, contract or agreement to which Seller Buyer or the Company Sub or any of their assets are subject, or (iii) giving to others any interests or rights, including rights of termination, acceleration or cancellation, in or with respect to any of the real property leases or material properties, agreements, contracts or business of the CompanyBuyer, which consent has not already been obtained.

Appears in 2 contracts

Samples: Merger Agreement and Plan of Reorganization (U S Trucking Inc), Merger Agreement and Plan of Reorganization (U S Trucking Inc)

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Consents Required. The execution, delivery and performance of this Agreement by Seller Buyer and Sub will not require Seller Buyer or the Company Sub to obtain any consent, approval or other action to avoid: (i) the I)the loss of any permit or license or other governmental authorization hold by the Company, (ii) the violation or breach of, or a default under any real property lease or any commitment, note, indenture, mortgage, lien, instrument, license, contract or agreement to which Seller Buyer or the Company Sub or any of their assets are subject, or (iii) giving to others any interests or rights, including rights of termination, acceleration or cancellation, in or with respect to any of the real property leases or material properties, agreements, contracts or business of the CompanyBuyer, which consent has not already been obtained.

Appears in 1 contract

Samples: Merger Agreement and Plan of Reorganization (U S Trucking Inc)

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