Common use of No Breach of Statute or Contract Clause in Contracts

No Breach of Statute or Contract. Neither the execution and delivery of this Agreement by Buyer, nor the consummation by Buyer of the transactions contemplated hereby, nor compliance by Buyer with any of the provisions hereof, will violate or cause a default under any statute (domestic or foreign), judgment, order, writ, decree, rule or regulation of any Governmental Authority applicable to Buyer or any of its material properties; breach or conflict with any of the terms, provisions or conditions of the organization documents of Buyer; or violate, conflict with or breach any agreement, contract, mortgage, instrument, indenture or license to which Buyer is party or by which Buyer is or may be bound, or constitute a default (in and of itself or with the giving of notice, passage of time or both) thereunder, or result in the creation or imposition of any Encumbrance upon, or give to any other party or parties, any claim, interest or right, including rights of termination or cancellation in, or with respect to any of Buyer's properties.

Appears in 1 contract

Sources: Asset Purchase Agreement (LGL Group Inc)

No Breach of Statute or Contract. Neither Except as set forth on Schedule 5.2(c), neither the execution and delivery of this Agreement by Buyer, nor the consummation by Buyer Seller of the transactions contemplated hereby, nor compliance by Buyer Seller with any of the provisions hereof, hereof will violate or cause a default under any statute (domestic or foreign), judgment, order, writ, decree, rule or regulation of any Governmental Authority applicable to Buyer Seller or any of its material properties; breach or conflict with any of the terms, provisions or conditions of the organization documents Articles of BuyerIncorporation or By-Laws of Seller; or violate, conflict with or breach any agreement, contract, mortgage, instrument, indenture or license to which Buyer Seller is a party or by which Buyer Seller is or may be boundbound with respect to the Property or the Business, or constitute a default (in and of itself or with the giving of notice, passage of time or both) thereunder, or result in the creation or imposition of any Encumbrance upon, or give to any other party or parties, parties any claim, interest or right, including rights of termination or cancellation in, or with respect to any of Buyer's propertiesto, the Property.

Appears in 1 contract

Sources: Asset Purchase Agreement (LGL Group Inc)

No Breach of Statute or Contract. Neither the execution and delivery of this Agreement by Buyer, nor the consummation by Buyer of the transactions contemplated hereby, hereby nor compliance by Buyer with any of the provisions hereof, hereof will violate or cause a default under any statute (domestic or foreign), judgment, order, writ, decree, rule or regulation of any Governmental Authority court or governmental authority applicable to Buyer or any of its material properties; breach or conflict with any of the terms, provisions or conditions of the organization documents Articles of Incorporation, as amended, or By-laws of Buyer; or violate, conflict with or breach any agreement, contract, mortgage, instrument, indenture or license to which Buyer is party or by which Buyer is or may be bound, or constitute a default (in and of itself or with the giving of notice, passage of time or both) thereunder, or result in the creation or imposition of any Encumbrance encumbrance upon, or give to any other party or parties, any claim, interest or right, including rights of termination or cancellation in, or with respect to any of Buyer's properties.

Appears in 1 contract

Sources: Asset Purchase Agreement (Uniflex Inc)

No Breach of Statute or Contract. Neither the execution and delivery of this Agreement by Buyer, nor the consummation by Buyer of the transactions contemplated hereby, hereby nor compliance by Buyer with any of the provisions hereof, hereof will violate or cause a default under any statute (domestic or foreign), judgment, order, writ, decree, rule or regulation of any Governmental Authority court or governmental authority applicable to Buyer or any of its material properties; breach or conflict with any of the terms, provisions or conditions of the organization documents Certificate of Incorporation, as amended, or By-laws, as amended, of Buyer; or violate, conflict with or breach any agreement, contract, mortgage, instrument, indenture or license to which Buyer is party or by which Buyer is or may be bound, or constitute a default (in and of itself or with the giving of notice, passage of time or both) thereunder, or result in the creation or imposition of any Encumbrance encumbrance upon, or give to any other party or parties, any claim, interest or right, including rights of termination or cancellation in, or with respect to any of Buyer's properties.

Appears in 1 contract

Sources: Asset Purchase Agreement (WHX Corp)

No Breach of Statute or Contract. Neither the execution and delivery of this Agreement by Buyer, nor the consummation by Buyer Seller of the transactions contemplated hereby, hereby nor compliance by Buyer Seller with any of the provisions hereof, hereof will violate or cause a default under any statute (domestic or foreign), judgment, order, writ, decree, rule or regulation of any Governmental Authority court or governmental authority applicable to Buyer Seller or any of its material properties; breach or conflict with any of the terms, provisions or conditions of the organization documents Certificate of BuyerIncorporation, as amended, or By-Laws, as amended, of Seller; or violate, conflict with or breach any material agreement, contract, mortgage, instrument, indenture or license to which Buyer Seller is a party or by which Buyer Seller is or may be boundbound with respect to the Property or its business, or constitute a default (in and of itself or with the giving of notice, passage of time or both) thereunder, or result in the creation or imposition of any Encumbrance encumbrance upon, or give to any other party or parties, parties any claim, interest or right, including rights of termination or cancellation in, or with respect to any of Buyer's propertiesthe Property.

Appears in 1 contract

Sources: Asset Purchase Agreement (Uniflex Inc)