Common use of No Violation; Necessary Approvals Clause in Contracts

No Violation; Necessary Approvals. The execution and the delivery by Contributor of this Agreement and the other Transaction Documents to which such Contributor is a party, the performance by such Contributor of its obligations hereunder and thereunder and the consummation of the Transactions by such Contributor will not (a) with or without notice or lapse of time, constitute, create or result in a breach or violation of, default under, loss of benefit or right under or acceleration of performance of any obligation required under any Law, Order, Contract or Permit to which such Contributor is a party or by which it is bound or any of its assets is subject, or any provision of such Contributor’s Organizational Documents as in effect on the Closing Date, (b) result in the imposition of any Lien upon any assets owned by such Contributor, including without limitation, the LLC Interests, (c) require any Consent under any Contract or Organizational Document to which such Contributor is a party or by which it is bound, other than such Consents that have been obtained or will be obtained prior to the Closing, or (d) require any Permit under any Law or Order other than (i) required filings with the Commission and pursuant to the HSR Act, and (ii) notifications or other filings with state or federal regulatory agencies after the Closing that are necessary or convenient and do not require approval of the agency as a condition to the validity of the Transactions.

Appears in 3 contracts

Samples: Contribution Agreement (Mammoth Energy Services, Inc.), Contribution Agreement (Mammoth Energy Services, Inc.), Contribution Agreement (Mammoth Energy Services, Inc.)

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No Violation; Necessary Approvals. The execution and the delivery by Contributor of this Agreement and the other Transaction Documents to which such Contributor is a party, the performance by such Contributor of its obligations hereunder and thereunder and the consummation of the Transactions by such Contributor will not (ai) with or without notice or lapse of time, constitute, create or result in a breach or violation of, default under, loss of benefit or right under or acceleration of performance of any obligation required under any Law, Order, Contract or Permit to which such Contributor is a party or by which it is bound or any of its assets is subject, or any provision of such Contributor’s Organizational Documents as in effect on the Closing Date, ; (bii) result in the imposition of any Lien upon any assets owned by such Contributor, including without limitation, limitation the LLC Interests, Permian Assets; (ciii) require any Consent under any Contract or Organizational Document organizational document to which such Contributor is a party or by which it is bound, other than such Consents that have been obtained or will be obtained prior to and the Closing, Consent of the lenders under the Loan Documents; or (div) require any Permit under any Law or Order other than (iA) required filings filings, if any, with the Commission and pursuant to the HSR Act, and (iiB) notifications or other filings with state or federal regulatory agencies after the Closing that are necessary or convenient and do not require approval of the agency as a condition to the validity of the Transactions.

Appears in 2 contracts

Samples: Contribution Agreement (Gulfport Energy Corp), Contribution Agreement (Diamondback Energy, Inc.)

No Violation; Necessary Approvals. The execution and the delivery by Contributor of this Agreement and the other Transaction Documents to which such Contributor is a party, the performance by such Contributor of its obligations hereunder and thereunder and the consummation of the Transactions by such Contributor will not (ai) with or without notice or lapse of time, constitute, create or result in a breach or violation of, default under, loss of benefit or right under or acceleration of performance of any obligation required under any Law, Order, Contract or Permit to which such Contributor is a party or by which it is bound or any of its assets is subject, or any provision of such Contributor’s Organizational Documents as in effect on the Closing Date, ; (bii) result in the imposition of any Lien upon any assets owned by such Contributor, including without limitation, limitation the LLC Interests, ; (ciii) require any Consent under any Contract or Organizational Document to which such Contributor is a party or by which it is bound, other than such Consents that have been obtained or will be obtained prior to the Closing, ; or (div) require any Permit under any Law or Order other than (iA) required filings filings, if any, with the Commission and pursuant to the HSR Act, and (iiB) notifications or other filings with state or federal regulatory agencies after the Closing that are necessary or convenient and do not require approval of the agency as a condition to the validity of the Transactions.

Appears in 2 contracts

Samples: Contribution Agreement (Mammoth Energy Partners LP), Contribution Agreement (Mammoth Energy Partners LP)

No Violation; Necessary Approvals. The execution and the delivery by Contributor Buyer and HTRN of this Agreement and the other Transaction Documents to which such Contributor Buyer or HTRN is a party, the performance by such Contributor Buyer or HTRN of its obligations hereunder and thereunder and the consummation of the Transactions by such Contributor Buyer or HTRN will not (ai) with or without notice or lapse of time, constitute, create or result in a breach or violation of, default under, loss of benefit or right under or acceleration of performance of any obligation required under any Law, Order, Contract or Permit to which such Contributor Buyer or HTRN is a party or by which it is bound or any of its assets is are subject, or any provision of such ContributorBuyer’s Organizational Documents or HTRN’s organizational documents as in effect on the Closing Date, other than such breaches, violations, defaults, losses or accelerations that would not prevent the consummation of the Transactions; (b) result in the imposition of any Lien upon any assets owned by such Contributor, including without limitation, the LLC Interests, (cii) require any Consent under any Contract or Organizational Document organizational document to which such Contributor Buyer or HTRN is a party or by which it is bound, other than such Consents that have been obtained or will be obtained prior to would not prevent the Closing, consummation of the Transactions; or (diii) require any Permit under any Law or Order other than (iA) required filings filings, if any, with the Commission and pursuant to the HSR ActSEC, and (iiB) notifications or other filings with state or federal regulatory agencies after such Permits that would not prevent the Closing that are necessary or convenient and do not require approval of the agency as a condition to the validity consummation of the Transactions.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Healthtronics, Inc.), Interest Purchase Agreement (Healthtronics, Inc.)

No Violation; Necessary Approvals. The execution and the delivery by Contributor of this Agreement and the other Transaction Documents to which such Contributor is a party, the performance by such Contributor of its obligations hereunder and thereunder and the consummation of the Transactions by such Contributor will not (a) with or without notice or lapse of time, constitute, create or result in a breach or violation of, default under, loss of benefit or right under or acceleration of performance of any obligation required under any Law, Order, Contract or Permit to which such Contributor Stingray Cementing is a party or by which it is bound or any of its assets is are subject, or any provision of such ContributorStingray Cementing’s Organizational Documents as in effect on the Closing Date, (b) result in the imposition of any Lien upon any assets owned by such Contributor, including without limitation, the LLC InterestsStingray Cementing, (c) require any Consent under any Contract or Organizational Document to which such Contributor Stingray Cementing is a party or by which it is bound, other than such Consents that have been obtained or will be obtained prior to the Closing, or (d) require any Permit under any Law or Order other than (i) required filings with the Commission and pursuant to the HSR Act, and (ii) notifications or other filings with state or federal regulatory agencies after the Closing that are necessary or convenient and do not require approval of the agency as a condition to the validity of the Transactions.

Appears in 1 contract

Samples: Contribution Agreement (Mammoth Energy Services, Inc.)

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No Violation; Necessary Approvals. The execution and the delivery by each Contributor of this Agreement and the other Transaction Documents to which such Contributor is a party, the performance by such Contributor of its obligations hereunder and thereunder and the consummation of the Transactions by such Contributor will not (ai) with or without notice or lapse of time, constitute, create or result in a breach or violation of, default under, loss of benefit or right under or acceleration of performance of any obligation required under any Law, Order, Contract or Permit to which such Contributor is a party or by which it is bound or any of its assets is subject, or any provision of such Contributor’s Organizational Documents as in effect on the Closing Date, ; (bii) result in the imposition of any Lien upon any assets owned by such Contributor, including without limitation, the LLC Interests, ; (ciii) require any Consent under any Contract or Organizational Document to which such Contributor is a party or by which it is bound, other than such Consents that have been obtained or will be obtained prior to the Closing, ; or (div) require any Permit under any Law or Order other than (iA) required filings filings, if any, with the Commission and pursuant to the HSR Act, and (iiB) notifications or other filings with state or federal regulatory agencies after the Closing that are necessary or convenient and do not require approval of the agency as a condition to the validity of the Transactions.

Appears in 1 contract

Samples: Contribution Agreement (Mammoth Energy Services, Inc.)

No Violation; Necessary Approvals. The execution and the delivery by Contributor of this Agreement and the other Transaction Documents to which such Contributor is a party, the performance by such Contributor of its obligations hereunder and thereunder and the consummation of the Transactions by such Contributor will not (a) with or without notice or lapse of time, constitute, create or result in a breach or violation of, default under, loss of benefit or right under or acceleration of performance of any obligation required under any Law, Order, Contract or Permit to which such Contributor Xxxxxxxx or its Subsidiaries is a party or by which it is they are bound or any of its their assets is are subject, or any provision of such Contributor’s Xxxxxxxx’x or its Subsidiaries’ Organizational Documents as in effect on the Closing Date, (b) result in the imposition of any Lien upon any assets owned by such Contributor, including without limitation, the LLC InterestsXxxxxxxx or its Subsidiaries, (c) require any Consent under any Contract or Organizational Document to which such Contributor Xxxxxxxx or its Subsidiaries is a party or by which it is they are bound, other than such Consents that have been obtained or will be obtained prior to the Closing, or (d) require any Permit under any Law or Order other than (i) required filings with the Commission and pursuant to the HSR Act, and (ii) notifications or other filings with state or federal regulatory agencies after the Closing that are necessary or convenient and do not require approval of the agency as a condition to the validity of the Transactions.

Appears in 1 contract

Samples: Contribution Agreement (Mammoth Energy Services, Inc.)

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