Common use of Inconsistent Obligations Clause in Contracts

Inconsistent Obligations. Neither the execution, delivery nor the performance of this Agreement by Purchaser will or could, with the passage of time, the giving of notice, or both: (i) result in a violation of its articles of incorporation, bylaws or other governing documents, or any Law, or (ii) result in a breach of, conflict with or default under any term or provision of any indenture, note, mortgage, bond, security agreement, loan agreement, guaranty, pledge or other Contract, or any Order to which Purchaser is a party or by which it is bound; nor will such actions result in the creation of any Lien on any of the assets of Purchaser or the acceleration or creation of any Liability of Purchaser that would affect its ability to perform under this Agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (Media Service Group Inc)

Inconsistent Obligations. Neither the The execution, delivery nor the and performance of this Agreement by to which Purchaser is a party, will or could, with the passage of time, the giving of notice, or both: not (i) result in a violation of its articles their respective charter or certificate of incorporation, incorporation or bylaws or other governing documents, or any Law, or (ii) result in a breach of, conflict with or default under any term or provision of any indenture, note, mortgage, bond, security agreement, loan agreement, guaranty, pledge or other Contractinstrument, contract, agreement or commitment or any Order to which Purchaser is a party or by which it any of the assets of Purchaser is subject or bound; , nor will such actions result in the creation of any Lien on any of the assets of Purchaser or the acceleration or creation of any Liability of Purchaser that would affect its ability to perform under this AgreementLiability.

Appears in 1 contract

Sources: Stock Purchase Agreement (Se Global Equities Corp)

Inconsistent Obligations. Neither the The execution, delivery nor the and performance of this Agreement by and the Other Agreements to which Purchaser is a party, will or could, with the passage of time, the giving of notice, or both: not (i) result in a violation of its articles their respective charter or certificate of incorporation, incorporation or bylaws or other governing documents, or any Law, or (ii) result in a breach of, conflict with or default under any term or provision of any indenture, note, mortgage, bond, security agreement, loan agreement, guaranty, pledge or other Contractinstrument, contract, agreement or commitment or any Order to which Purchaser is a party or by which it any of the assets of Purchaser is subject or bound; , nor will such actions result in the creation of any Lien on any of the assets of Purchaser or the acceleration or creation of any Liability of Purchaser that would affect its ability to perform under this AgreementLiability.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Aremissoft Corp /De/)