No Conflict with Instruments. Neither the execution or ----------------------------- delivery of this Agreement by Liberty, nor the purchase by Liberty of the Purchased Shares pursuant hereto, (i) violates, conflicts in any material respect with, or results in a material breach of any provision of, or constitutes a material default (or an event which, with notice or lapse of time or both, would constitute a material default) under, any of the terms, conditions or provisions of (x) its Certificate of Incorporation or By-Laws, or (y) any material note, bond, mortgage, indenture, lease, agreement or other instrument or obligation to which Liberty is a party or to which it or any of its properties or assets may be subject, (ii) results in a material violation of any material law applicable to Liberty or (iii) violates any material judgment applicable to any of its properties or assets, except, in the case of each of the clauses (i), (ii) and (iii) above, for such violations, conflicts, breaches or defaults, which, individually or in the aggregate, would not have any material adverse effect on the ability of Liberty to perform its obligations hereunder.
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No Conflict with Instruments. Neither the execution or ----------------------------- delivery of this Agreement by Liberty, nor the purchase by Liberty of the Purchased Shares pursuant hereto, (i) violates, conflicts in any material respect with, or results in a material breach of any provision of, or constitutes a material default (or an event which, with notice or lapse of time or both, would constitute a material default) under, any of the terms, conditions or provisions of (x) its Certificate of Incorporation or By-Laws, or (y) any material note, bond, mortgage, indenture, lease, agreement or other instrument or obligation to which Liberty is a party or to which it or any of its properties or assets may be subject, (ii) results in a material violation of any material law applicable to Liberty or (iii) violates any material judgment applicable to any of its properties or assets, except, in the case of each of the clauses (i), (ii) and (iii) above, for such violations, conflicts, breaches or defaults, which, individually or in the aggregate, would not have any material adverse effect on the ability of Liberty to perform its obligations hereunder.,
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Sources: Stock Purchase Agreement (Emmis Communications Corp)