Common use of Ability to Perform Obligations Clause in Contracts

Ability to Perform Obligations. None of the Sellers is a party to, subject to, or bound by any agreement, Law or Order that could prevent or materially impair (i) the performance of its obligations under this Agreement, (ii) the value or utility of any of the Assets to be conveyed hereunder, (iii) the sale, conveyance, transfer and delivery of, or the right to sell, convey, transfer and deliver, any of the Assets, or (iv) the carrying on of, or the right to carry on, the Business as currently constituted and conducted and as proposed to be conducted.

Ability to Perform Obligations. None of the Sellers is a party to, subject to, or bound by any agreement, Law or Order that could would reasonably be expected to prevent or materially impair (i) the performance of its obligations under this Agreement, (ii) the value or utility of any of the Assets to be conveyed hereunder, (iii) the sale, conveyance, transfer and delivery of, or the right to sell, convey, transfer and deliver, any of the Assets, or (iv) the carrying on of, of or the right to carry on, on the Business as currently constituted and conducted and as proposed to be conducted.