Common use of No Impediments Clause in Contracts

No Impediments. Seller's execution and delivery of the Seller's Documents, performance of its obligations thereunder, and consummation of the Acquisition will not cause a breach or violation of, or default or event of default under, (1) the charter or bylaws of Seller; (2) any security issued by Seller; (3) any contract that Seller is a party to and which breach, violation, default, or event of default would result in the imposition of any liability or obligation on Buyer after the Effective Date; (4) any applicable law, rule, or regulation of any governmental authority; or (5) any applicable decree, order, injunction, or other decision of any court, arbitrator, or governmental authority.

Appears in 2 contracts

Samples: Asset Purchase Agreement (SCB Computer Technology Inc), Asset Purchase Agreement (SCB Computer Technology Inc)

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No Impediments. SellerBuyer's execution and delivery of the SellerBuyer's Documents, performance of its obligations thereunder, and consummation of the Acquisition will not cause a breach or violation of, or default or event of default under, (1) the charter or bylaws articles of Sellerorganization and any and all other constituent documents of Buyer; (2) any security issued by SellerBuyer; (3) any contract that Seller Buyer is a party to and which breach, violation, default, or event of default would result in the imposition of any liability or obligation on Buyer Seller after the Effective Date; (4) any applicable law, rule, or regulation of any governmental authority; or (5) any applicable decree, order, injunction, or other decision of any court, arbitrator, or governmental authority.

Appears in 1 contract

Samples: Asset Purchase Agreement (SCB Computer Technology Inc)

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No Impediments. SellerBuyer's execution and delivery of the SellerBuyer's Documents, performance of its obligations thereunder, and consummation of the Acquisition will not cause a breach or violation of, or default or event of default under, (1) the charter articles of incorporation or bylaws of SellerBuyer; (2) any security issued by SellerBuyer; (3) any contract that Seller Buyer is a party to and which breach, violation, default, or event of default would result in the imposition of any liability or obligation on Buyer Seller after the Effective Date; (4) any applicable law, rule, or regulation of any governmental authority; or (5) any applicable decree, order, injunction, or other decision of any court, arbitrator, or governmental authority.

Appears in 1 contract

Samples: Asset Purchase Agreement (SCB Computer Technology Inc)

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